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Tax Rate Information

Sheldon ISD is one of the only districts in the area that offers 20% off an assessed value for taxes. This is something the School Trustees voted to do for the community more than 20 years ago. 

2022 Tax Rate per $100 Valuation

Funds Rate
General Operating Fund (M&O) $0.7575
Debt Service Fund (I&S) $0.5000
Total Tax Rate $1.2575


A school district's tax rate is made up of two components: Maintenance and Operation (M&O or the General Operating Fund) and Interest and Sinking (I&S or the Debt Service Fund). Adding the two figures together provide the total school tax rate. 


The M&O rate is used to fund day-to-day operations like maintenance of schools and facilities, salaries, and utilities. 


The I&S rate can only be used to make payments on district bonds that fund construction and/or other items like technology and buses.