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Rockwall ISD Board decreases tax rate for the 2021-2022 fiscal year

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At their August 16th monthly meeting, the Board of Trustees approved a Maintenance & Operations (M&O) tax rate decrease of 3.64 cents or 3.87% from the prior year’s M&O rate. The Interest & Sinking (I&S) tax rate is the same as the previous year’s rate. The 2021-2022 tax rate is the lowest in 30 years.

The total tax rate (M&O plus I&S) is decreasing by 3.64 cents.  The breakdown of the proposed tax rate is shown below:

                                                                        2021 (This Year)     2020 (Last Year)

              Maintenance & Operations                   $0.9036                 $0.9400  

              Interest & Sinking                                $0.3700                 $0.3700

              TOTAL TAX RATE                                  $1.2736                 $1.3100

              NET DECREASE                                   ($0.0364)


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