Estimated Impact

If passed, Bond 2023 would not increase the district taxes on the average home valued at $200,000 in TMISD. This is partly thanks to the new state compression savings and $100,000 homestead exemption. Homeowners with an average-priced home in Tuloso-Midway ISD would still see an annual savings of $514.20— or minus-$42.85 per month — compared to their 2022 taxes.

The TMISD school board previously approved a 20-percent optional Homestead Exemption to Tuloso-Midway residents, which is in addition to the state’s mandatory homestead exemption.

In 2019, Texas Legislators passed a new law as part of House Bill 3 that requires all bond propositions for any school district to have the phrase ‘THIS IS A PROPERTY TAX INCREASE’’ on all ballot language for bond propositions. Due to this requirement, all voters will see this statement on the official ballot language, even if the tax dollar amount is frozen and will not exceed the tax ceiling.

Homeowners age 65 and older will not be impacted by the passage of the bond propositions if they have filed for and received the Over 65 Homestead Exemption with Nueces County Appraisal District. Their school district taxes will not exceed the frozen dollar amount.