Tax Info
UNDERSTANDING THE TAX RATE
What the Proposed Bond Could Mean for Your Taxes
$11.4 Million Proposed Bond
Lorenzo ISD is asking voters to authorize $11.4 million in bonds to fund improvements, equipment and other projects across the district
Proposition A
The issuance of $10,470,000 school building bonds for the following purpose: the construction, acquisition, renovation, improvement and equipment of school buildings in the district and the purchase of school busses: and levying and imposition of taxes sufficient to pay the principal of and interest on the bonds and the costs of any credit agreements. This is a property tax increase
$10,470,000
Proposition B
The issuance of refunding bonds of the Lorenzo Independent School District in an amount not to exceed $930,000 for the purpose of refunding the district’s maintenance tax notes, series 2026, and levying and imposition of taxes sufficient to pay the principal of and interest on the bonds and the costs of any credit agreements. This is a property tax increase.
$930,000
What Does That Look Like?
| Market Value | Monthly | Annual |
|---|---|---|
| $133,887 | $0.00 | $0.00 |
| $175,000 | $18.08 | $217.00 |
| $200,000 | $31.00 | $372.00 |
| $250,000 | $56.88 | $682.00 |
tax impact after the $140,000 homestead exemption.
Projected Tax Impact
Projected Increase: $0.50 projected tax-rate change starting with the 2027-2028 tax bill.
This is a property tax increase. The projected tax-rate impact shown in this brochure is based on the assumptions contained in the District's July 2026 preliminary tax-rate impact analysis.
Voter-Approval Tax Rate Election (VATRE)
VATRE Proposition A will result in an increase of 0% in maintenance & operations tax revenue for the district for the current year as compared to the preceding year.
Proposed Tax Rate
$0.7954 per $100 of Valuation
Proposed Increase:
$0 per $100 of valuation
Rate
VATRE Rate
Understanding VATRE & BOND
| VATRE | BOND | |
|---|---|---|
| Purpose | District Operations | Capital projects / equipment |
| Amount | Tax-rate authorization | $11.4 or $5.7 million |
| Tax Mechanism | M&O (Maintenance & Operations) | I&S (Interest & Sinking Fund) |
| Proposed Impact | $0 Increase in M&O Tax Rate | +$0.50 or +$0.25 (starting with the 27-28 tax bill) |
| Repayment | Annual operating revenue through the M&O tax rate — does not create debt or require repayment | Finances capital projects through the I&S fund, which is used to repay bond debt |