Tax impact of bond:
NO INCREASE IN THE PROPERTY TAX RATE.
The bond package will NOT increase the property tax rate for Forney ISD homeowners or businesses. In fact, with passage of the bond referendum, our property tax rate will remain 17¢ lower than it was in 2019 because the bonds will be funded primarily by tax revenue from new homes and business coming to our community.
If approved by voters, there will be no increase in the Forney ISD property tax rate.
In fact, with passage of the bond referendum, our property tax rate will remain 17¢ lower than it was in 2019.
As always, homeowners 65 and older who have filed their homestead exemption will never see an increase in their property tax rate.
Forney ISD’s most recent bond, passed by voters in 2019, will be completed on time and under budget. If voters approve the May 2022 bond proposition, Forney ISD is committed to continuing this legacy of efficient fiscal management.
Forney ISD has received the highest rating possible by the state for financial transparency and will continue to work hard for our taxpayers.
IMPORTANT NOTICE – PLEASE READ.
A new state law requires all school bond referendum propositions to include ballot language that reads “This is a tax increase.” The law was put in place in response to school districts struggling to meet the strict financial responsibility standards set by the state. Forney ISD has received the highest rating possible by the state for financial transparency and will continue to work hard for our taxpayers. Despite the ballot language, passage of the bond package will not result in an increase in the property tax rate.