State property tax transparency
Your property taxes help fund our schools, and we are enormously grateful for that.
Unfortunately, the state has been decreasing the amount it contributes towards public education. When property values increase, homeowners and business owners pay more money in taxes. But, while you pay more, the state pays less and uses the savings it gets to fund other expenditures and priorities.
Learn more about tax transparency in the resources below.
Property tax rate history
|Tax year||Fiscal year||M & O tax rate||I & S tax rate||Total tax rate||Change from previous year*|
*Figures in parentheses represent tax decreases.
M & O tax rate = Maintenance & operations tax rate
I & S tax rate = Interest & sinking tax rate
Taxes on average residence
First, the taxable value of the home is determined:
The taxable value is then used to calculate the school taxes on this home:
|Tax Rate per $100/valuation||$1.2563|
|$100/valuation of $175,000 taxable value on "average" home||X 1,750.00|
|Total School Taxes for 2021||= $2,199|
The School Taxes on the comparable home a year ago (2020) would have been $2,433.
The tax levy increase for this home between 19-20 ($2,555) and 20-21($2,199) is -$356.00.
GISD top ten taxpayers
2020 top 10 taxpayers in Garland ISD
|Name||Nature of Property||Assessed Valuation|
|Kraft/Us Foods||Food Packaging||$154,407,520|
|Landmark at Lakeways||Multi-Residential|
|Simon Property Group||Retail||$107,550,220|
|Hc Harmony Hill LLC||Multi-Residential||$82,433,410|
|WRPV XII Firewheel||Multi-Residential||$71,800,000|
Total tax base from top ten taxpayers: $1,208,810,480