BOND UPDATE

The bond webpage will continue to be updated with the latest information as each project progresses. Submit bond questions or comments to info@midlothian-isd.net, or call 972-775-8296.

 

2011 Bond Package

On May 14, 2011, Midlothian ISD voters approved the district's $97.3 million bond package to build high school #2 (phase 1), elementary #7, and an addition to Frank Seale Middle School. 

Components of the Bond Package

High School #2: $74,000,000 (Complete)

Elementary School #7: $20,500,000 (Opens August 2016)

Frank Seale Middle School addition: $2,800,000 (Complete)

 

Bond Finance

Financial Report

Download Fund 695 Report (As of June 2015)

Check Registry

Download Fund 695 Report (As of June 2015)

Bond Sales

September 13, 2011 - $26,800,000

September 29, 2011 - $50,000,000

Debt Service Book

 

Tax Information

How Much Does It Cost A Taxpayer?

Example: A homeowner with a $182,675 home value, after the state-mandated $15,000 exemption plus an additional 10% local exemption, will pay an increase of $212.91 per year if the May 2011 bond passes. See chart below for detailed tax impact.

Estimated Tax Increase

Homestead Value 2010-2011 2011-12 Projected without Bond 2011-12 with Bond Annual Monthly
$50,000 $0.3575 $0.4212 $0.5000 $42.75 $3.56
$100,000 $0.3575 $0.4212 $0.5000 $106.88 $8.91
$150,000 $0.3575 $0.4212 $0.5000 $171.00 $14.25
$182,675* $0.3575 $0.4212 $0.5000 $212.91 $17.74
$200,000 $0.3575 $0.4212 $0.5000 $235.13 $19.59
$250,000 $0.3575 $0.4212 $0.5000 $299.25 $24.94
$300,000 $0.3575 $0.4212 $0.5000 $363.38 $30.28
$350,000 $0.3575 $0.4212 $0.5000 $427.50 $35.63
$400,000 $0.3575 $0.4212 $0.5000 $491.63 $40.97

*Average home value in MISD

Based on current property value. Fluctuations in property value could cause variation in the I&S tax rate.

 

Exemption Information

Local Exemption
MISD is the only school district in Ellis County that provides an additional local 10% exemption.

State Exemption
Homeowners receive a $15,000 state exemption off of the property valuation. After these two deductions you get the taxable value for school taxes. These exemptions only apply to school taxes.

Over 65 and Disabled Homestead Exemption
For taxpayers who are 65 years of age or older, and the disabled, the May 2011 bond package will not increase the school property tax.

Homeowners must apply for the Over 65 or Disabled Homestead Exemption with the Ellis Central Appraisal District. 

Letter from Ellis County Appraisal District

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