Tax Impact

Tax Breakdown for Chapel Hill - Smith County

Age 65 and older will see no tax impact with a HOMESTEAD-EXEMPTION

What if I'm over the age of 65?

Voters over the age of 65 who own a home with a homestead exemption will see a zero tax impact on their property.

Other Tax Exemptions:

  • General Residential

  • Disabled Veteran

  • Survivors of a Disabled Veteran

Tax Rate

Does CHISD have one of the lowest tax rates?

Yes, click below to learn more.

Tax Comparison

Tax Impact Calculator

What's my proposed tax impact?

Click the 'up' and 'down' arrows to match the value of your home and calculate your proposed monthly tax increase.

A rating

CHISD's Financial Status
Chapel Hill ISD was given an A rating in 2022-2023 Financial Accountability for the 19th year in a row. The
School Financial Integrity Rating System of Texas is led by Texas Education Agency.

How is the tax increase calculated?

CHISD's Maintenance and Operations tax rate is set at 91 cents per $100 dollars of property value. The Interest and Sinking (I&S) tax rate is set at 11 cents per $100 of property value. This brings the total tax rate for CHISD to $1.02 cents per $100 of property value.

On Feb. 13, the CHISD School Board of Trustees voted to call for a bond referendum of 113 million dollars to appear before voters in May of 2023.

Approval of the bond will increase property tax rates by 27 cents. For example, a home valued at $100,000 would see an increase of no more than $13.53 per month if all three propositions are approved.

The proposed bond projects are designed to enhance safety, enable growth accommodation across the district and provide students with new facilities.

How are school districts funded?

Texas school districts have three main sources of funding. For CHISD the tax breakdown is as follows:

  • About one percent comes from federal programs and grants which are primarily focused on supporting disadvantaged students.

  • About 53 percent comes from state revenue which are funds distributed to the district by the state, this is based on calculations that consider enrollment totals, student demographics, property valuation, and more.

  • About 46 percent comes from local property taxes.

How are property taxes utilized?

Local property taxes are divided and spent. When local property taxes are collected they are split into two separate funds: M&O and I&S.

M&O funds cover the day-to-day operations of the district including:

  • Salaries

  • Utilities

  • Repairs

  • Transportation Costs and More

    It's important to note that there are only enough M&O funds to cover the day-to-day expenses of the district.

I&S funds cover the debt payments from the construction of:

  • New facilities,

  • Renovations and Additions,

  • Land Purchases and More