Tax Information & Fiscal Responsibility
TAX IMPACT OF MAY 2026 BOND PROPOSAL
If approved, taxpayers in Friendswood ISD may see a 3.49 cent tax increase per $100 of property value. On a $500,000 home, this equates to approximately $10 a month. To calculate the impact on your home, use the tax calculator below.
*M&O rate to be set by state & District in summer of 2026
How does this compare to the November 2025 bond proposal?
65 and Older Or Disabled
Homeowners age 65 and older or those disabled will not incur an increase of FISD taxes above their current exemption ceiling as long as a homestead and over 65 or disabled exemption have been filed with the Galveston Central Appraisal District or Brazoria Central Appraisal District. Texas law provides a school tax ceiling for homeowners who are 65 and older or disabled, meaning their school district tax bill will not increase above their ceiling as a result of this bond election.
ABOUT SCHOOL DISTRICT TAX RATES
Public school taxes involve two figures, which divide the school district budget into two “buckets.”
Maintenance & Operations
The first bucket is the Maintenance and Operations budget (M&O), which funds daily costs and recurring or consumable expenditures such as teacher and staff salaries, supplies, food and utilities. Approximately 83 percent of the district’s M&O budget goes to teacher and staff salaries.
Interest & Sinking
The second bucket is the Interest and Sinking Fund (I&S), also known as Debt Service, and that is used to repay debt for capital improvements approved by voters through bond elections.
How can Bond Funds be used?
Proceeds from a bond issue can be used for the construction and renovation of facilities, the acquisition of land, and the purchase of capital items such as equipment, technology, and transportation. By law, I&S funds cannot be used to pay M&O expenses, which means that voter-approved bonds cannot be used to increase teacher salaries or pay rising costs for utilities and services
FRIENDSWOOD ISD TAX RATE HISTORy
Currently, Friendswood ISD’s M&O tax rate is $.7869 and the I&S tax rate is $0.2431 for a total tax rate of $1.030. The charts below shows the district’s tax rate over the past 43 years.
FISD is operating at the lowest tax rate in 40+ years and has reduced the overall tax rate by 35.7 cents in the last ten years.
FRIENDSWOOD ISD RECOGNIZED FOR FINANCIAL EXCELLENCE
Friendswood ISD has consistently earned a Superior rating from the Financial Integrity Rating System of Texas.
Friendswood ISD earned an "AA" long-term rating from S&P Global Ratings and is considered financially stable and capable of repaying its debts.
