Tax Information

Tax Rate Notification

Wichita Falls ISD's tax rate consists of a maintenance and operations (M&O) tax rate and an interest and sinking (I&S) tax rate. The M&O tax rate provides funds for maintenance and operations. The I&S tax rate provides funds for payments on the debt that finances a district's facilities. 

On August 22, 2023, the Board of Trustees approved the 2023-2024 Tax Rate at $0.7174 per $100 Property Valuation for the Maintenance and Operations Fund and $0.424999 for the Debt Service Fund.  The adopted total tax rate is $1.142399.

The table below shows the district’s tax rate over the past 8 years.

 

Notice of Public Meeting to Discuss Budget and Proposed Tax Rate - June 19, 2023

Historical Years

2022-2023 WFISD Tax Rate (2022 Property Tax Year)
Total Tax Rate of $1.2965
Maintenance & Operations $0.8715
Debt Service $0.4250
WFISD Homestead Exemption $40,000

2021-2022 WFISD Tax Rate (2021 Property Tax Year)
Total Tax Rate of $1.3651
Maintenance & Operations $0.9401
Debt Service $0.4250
WFISD Homestead Exemption $25,000

2020-2021 WFISD Tax Rate (2020 Property Tax Year)
Total Tax Rate of $1.1464
Maintenance & Operations $0.9664
Debt Service $0.18
WFISD Homestead Exemption $25,000

2019-2020 WFISD Tax Rate (2019 Property Tax Year)
Total Tax Rate of $1.15
Maintenance & Operations $0.97
Debt Service $0.18 
WFISD Homestead Exemption $25,000

2018-2019 WFISD Tax Rate (2018 Property Tax Year)
Total Tax Rate of $1.22
Maintenance & Operations $1.040
Debt Service $0.18
WFISD Homestead Exemption $25,000

2017-2018 WFISD Tax Rate (2017 Property Tax Year)
Total Tax Rate of $1.23
Maintenance & Operations $1.040
Debt Service $0.19
WFISD Homestead Exemption $25,000

2016-2017 WFISD Tax Rate (2016 Property Tax Year)
Total Tax Rate of $1.23
Maintenance & Operations $1.040
Debt Service $0.190
WFISD Homestead Exemption $25,000 

2015-2016 WFISD Tax Rate (2015 Property Tax Year)
Total Tax Rate of $1.23
Maintenance & Operations $1.040
Debt Service $0.19
WFISD Homestead Exemption $25,000