2024-2025 Tax Rate: $1.15670

(I&S Rate $0.40 / M&O Rate $0.75670)

2023-2024 Tax Rate: $1.15900

(I&S Rate $0.48 / M&O Rate $0.6790)

The overall tax rate for the current school year is slightly lower than last year's tax rate of $1.15900. The current tax rate includes the increase of $0.08 to the M&O rate and the decrease of $0.08 to the I&S rate. 

Due to the commercial and residential growth in Frenship ISD, the current tax rate will generate more revenue at the lower rate. As a result, the propositions will be labeled a “tax increase” on the ballots. Homeowners may also see an increase in their property taxes due to an increase in appraised property values set by the appraisal district.  

Taxpayers 65 & Older

Taxes paid by taxpayers over 65 are capped at the amount paid in the year they turned 65 and cannot increase beyond that amount unless they make improvements to their property. Taxpayers must apply at http://lubbockcad.org/forms

Proven to be Fiscally Responsible

For the last 20 years, Frenship ISD has received the highest rating of financial integrity by the state. Frenship currently holds a “Superior” rating with the highest score in the District’s history. Frenship also received a ‘AAA Bond Rating’ (according to Fitch) showing the District remains fiscally responsible with taxpayer money as well as a history of paying debt on time. Since 2012, Frenship has saved more than $53 million by paying off existing debt early.

Since 2019, the Texas Legislature has not increased the student allotment funding for public schools, despite rising costs, unfunded state mandates, and inflation increasing by 19%.

While many school districts across the state are approving multi-million-dollar deficit budgets, the Frenship ISD Board of Trustees passed a balanced budget that included an average 2% salary increase for all Frenship teachers and staff for the 2024-2025 school year.

Tax Rate History

During the last bond in November of 2020, the tax rate was set at $1.42, $0.26 higher than the current tax rate for 2024-2025. Not only has the tax rate steadily decreased, but the current 2024-2025 tax rate is the lowest since 1993.

2014-2024 Tax Rate History