Frisco ISD Focus Magazine May 2018 - Page 26

Property Taxes Impact of Rising Values on Public Education A line on each homeowner’s annual tax statement shows the amount due to Frisco ISD. What it doesn’t show is that the state legislature uses local tax dollars to reduce the amount it would otherwise contribute to public education from other sources. The majority of the funds attributable to value growth actually benefit the bottom line of the state’s budget. The average Frisco ISD homeowner saw a $483.46 increase in their tax bill from 2016 to 2017. As a result, the state of Texas will decrease its contribution to FISD in 2018 by $324.52 for the average home.* *Calculation based on one home with one Frisco ISD student and no changes to the state funding formula. 26 | FOCUS