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POTENTIAL TAX IMPACT

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Values are annual.

UNDERSTANDING THE TAX RATE

Public school taxes involve two figures which divide the school district’s budget into two “buckets.” The first is the Maintenance & Operations (M&O) budget, also known as the General Fund. The M&O fund is used to pay for the day-to-day operations of a district and includes items such as salaries, utilities, food, gas, supplies, etc. A majority of Rotan ISD’s M&O budget is spent on salaries including teacher compensation, benefits, and related costs.

 

The second is the Interest & Sinking (I&S) budget or Debt Service. This fund is used to repay debt for capital improvements approved by voters through bond elections. As a comparison, this fund is similar to a mortgage or home improvement loan. I&S funds may only be used to repay debt.

 

Proceeds from a bond issue can be used for the construction and renovation of facilities, the acquisition of land and the purchase of capital items, such as technology and transportation. By law, voter-approved bonds cannot be used to increase salaries or to pay rising costs of utilities or services.

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Age 65+

NO TAX INCREASE on homesteads for those with an Age 65 Homestead Exemption Affidavit. Significant improvements to a homestead can increase the taxes.

 

 For questions on how to apply, contact:

  • Fisher CAD at (325) 776-2733 or fishercad.org

  • Kent CAD at (806) 237-3066 or kentcad.org.

  • Stonewall CAD at (940) 989-3363 or stonewallcad.org.

 

The Age 65+ Homestead Exemption must be timely filed. Important information and specific deadlines can be found on the Fisher County Appraisal District's website. 

For school districts, this includes:

  • Staff salaries

  • Utilities

  • Supplies

  • Repairs

  • Fuel

​

For the average citizen, this is similar to:

  • Groceries

  • Utilities

  • Minor Home Repairs

  • Routine Services

  • Car Fuel

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General Operating Fund
(Maintenance & Operations)
Day-to-Day Operations and Expenses

For school districts, this includes: 

  • Staff salaries

  • Utilities

  • Supplies

  • Repairs

  • Fuel

For the average citizen, this is similar to:

  • Groceries

  • Utilities

  • Minor Home Repairs

  • Routine Services

  • Car Fuel

For school districts, this includes:

  • New Construction

  • Renovations

  • HVAC Systems

  • Roofing

  • Technology

​

For the average citizen, this is similar to:

  • Mortgage

  • Home Renovation

  • Major Appliances

  • Land

  • Car

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Debt Services Fund

(Interest & Sinking)

Principal and Interest Payments on Debts Issued

For school districts, this includes: 

  • New Construction

  • Renovations

  • HVAC Systems

  • Roofing

  • Technology

For the average citizen, this is similar to:

  • Mortgage

  • Home Renovation

  • Major Appliances

  • Land

  • Car

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