Business Office » 2019-2020 Proposed Tax Rate

2019-2020 Proposed Tax Rate

2019-2020 Proposed Tax Rate
 
On the evening of August 19, 2019, Magnolia ISD will propose the adoption of an ad valorem tax rate of $1.3095/$100, consisting of $0.97/$100 for Maintenance and Operations and $0.3395/$100 for Debt Service. This is a $0.07/$100 decrease in the overall tax rate from the preceding tax year.
 
THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S TAX RATE.