Wylie ISD will host a public meeting at 7 p.m. Monday, Aug. 18, to present its proposed 2025–26 budget and tax rate, which remains unchanged from last year.

Community members are invited to attend and participate in the discussion, which will outline how the district’s financial plan determines the tax rate to be adopted.

The meeting will be held at the Wylie ISD Administration Building, 951 S. Ballard Ave.The meeting will take place at the Wylie ISD Administration Building, located at 951 S. Ballard Ave.

While no official action may be taken at this meeting, the district notes that the tax rate ultimately adopted—whether during this meeting or a future one—cannot exceed the proposed rate unless a revised notice is published and another public meeting is held.

The proposed total tax rate is $1.2102 per $100 of taxable value, which includes $0.7552 for maintenance and operations and $0.4550 for debt service. The same overall rate was adopted last year.

The district’s proposed budget reflects a 1.99% decrease in maintenance and operations expenditures and a 15.86% increase in debt service costs, leading to a total expenditure increase of 1.08% over the previous fiscal year.

Despite stable tax rates, lower property values are expected to reduce revenue. The total taxable value of all property in the district fell from $11.09 billion last year to approximately $9.97 billion this year. New property values also declined, from $324.2 million to $252.9 million.

A comparison of average residential property taxes shows a decrease from last year. The average taxable home value dropped from $344,416 to $333,812, resulting in a projected $128.33 decrease in annual taxes on the average home.

Under state law, taxes on the homesteads of residents aged 65 and older cannot increase above the amount paid in the year they qualified for the exemption.

The district’s estimated end-of-year unencumbered fund balances include $74.7 million for maintenance and operations and $51.5 million for interest and sinking (debt service) obligations. By law, school districts cannot raise the maintenance and operations tax rate to cover debt service payments.

Residents can find more information about property taxes, proposed rates and scheduled hearings at Texas.gov/PropertyTaxes.

The voter-approval rate for the district is also set at $1.2102. Any rate adopted above this figure would automatically trigger an election.

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