Tax & Financial Information
Responsible Financial Stewardship
Since 2018, Flour Bluff ISD has decreased its total tax rate by 38 cents, demonstrating a strong commitment to responsible financial management.
Annual Reductions: The district has reduced its tax rate by an average of 6.67% per year since 2018.
Low Regional Tax Rates: Even with the proposed bond, Flour Bluff ISD will maintain one of the lowest tax rates in the Corpus Christi area.
*Home owners with the “Over-65 Homestead Exemption” will not incur a tax increase.
Maintaining the Lowest Tax Rates in the Area
The district’s is among the lowest in the region.
Even with the proposed bond, the projected 2025 total tax rate of $0.95 remains one of the lowest tax rates in the Corpus Christi area.
Why This Matters
Flour Bluff ISD maintains one of the lowest tax rates in the area while funding education and facility improvements with minimal financial impact on taxpayers.
Homestead Exemptions
For residents 65 years and older, their school district tax bill will not increase, even if their property value rises (excluding property improvements), as long as they have an approved Homestead and Over-65 Exemption application on file with the Nueces County Appraisal District. The property must also be owned as of January 1st of the tax year.
Tax Impact of the Proposed Bond
Estimated Tax Rate Increase: If the bond is approved, the total tax rate will increase by $0.1810 per $100 of assessed property value.
Projected 2025 Tax Rate: With the bond, the total tax rate is expected to be $0.95, still significantly lower than the 2018 rate of $1.17.
What This Means for Homeowners:
For a taxable property value of $250,000, after exemptions, the estimated tax impact is approximately $37.71 per month.
No Tax Impact for Over-65 Homeowners: Homeowners with an Over-65 Homestead Exemption will not experience a tax increase.
*Home owners with the “Over-65 Homestead Exemption” will not incur a tax increase.
Understanding the Tax Rate
Flour Bluff ISD’s budget is split into two parts: Maintenance and Operations (M&O) and Interest and Sinking (I&S). Each has a specific job.
The M&O fund pays for the district’s daily needs. This includes teacher and staff pay, classroom supplies, electricity, and bus services. It’s what keeps the schools running every day.
The I&S fund, or Bond Funds, pays off debt from voter-approved bonds. This money is used for big projects like building new schools, fixing up old ones, and buying land or equipment. It can’t be used for things like salaries or utility bills.
The M&O fund handles daily costs, while the I&S fund supports long-term projects. Together, they help Flour Bluff ISD run smoothly now and prepare for the future.
The district’s tax rates are $0.67 for M&O and a proposed $0.28 for I&S, totaling $0.95 per $100 of property value.
