Bond 2025 - Financial Impact
Homeowners 65 or Older
Homeowners 65 or older are not impacted by a tax increase because they qualify to have their property tax levy frozen when they turn 65. The frozen tax levy does not stay in place if a homeowner makes a substantial improvement to their home.
What is the impact at $0.04 I&S Tax Rate Increase?
Market Value
Average market value of a home in RISD, rounded
$500,000
Annual increase
in 2026 tax bill for RISD homeowners under age 65
$124
Monthly increase
in 2026 tax bill for RISD homeowners under age 65
$10.33
Impact at $0.04 I&S Tax Rate Increase
| Home Value | Annual Increase | Monthly Increase |
|---|---|---|
| $200,000 | $16 | $1.33 |
| $300,000 | $52 | $4.33 |
| $400,000 | $88 | $7.33 |
| $500,000 | $124 | $10.33 |
| $600,000 | $160 | $13.33 |
| $700,000 | $196 | $16.33 |
| $800,000 | $232 | $19.33 |
| $900,000 | $268 | $22.33 |
Richardson ISD Tax Rate History
Some information may contain content that is not accessible to all readers. To obtain assistance accessing this information, please contact RISD’s Budget Office at 469-593-0331.
2024-25 Tax Rate Comparison
| District | M&O | Debt Service | Total |
|---|---|---|---|
| Prosper | $0.7552 | $0.5000 | $1.2552 |
| Lancaster | $0.7869 | $0.4375 | $1.2244 |
| Wylie | $0.7552 | $0.4550 | $1.2102 |
| Sunnyvale | $0.7728 | $0.4141 | $1.1869 |
| Cedar Hill | $0.7869 | $0.3410 | $1.1279 |
| Allen | $0.7358 | $0.3900 | $1.1258 |
| McKinney | $0.7552 | $0.3700 | $1.1252 |
| Duncanville | $0.7452 | $0.3605 | $1.1057 |
| Richardson* | $0.7552 | $0.3500 | $1.1052 |
| Mesquite | $0.6969 | $0.4000 | $1.0969 |
| DeSoto | $0.7552 | $0.3100 | $1.0652 |
| Gr Prairie | $0.7552 | $0.3025 | $1.0577 |
| District | M&O | Debt Service | Total |
|---|---|---|---|
| CFB | $0.7552 | $0.2980 | $1.0532 |
| Garland | $0.6669 | $0.3840 | $1.0509 |
| Plano | $0.8051 | $0.2374 | $1.0425 |
| Rockwall | $0.6669 | $0.3600 | $1.0269 |
| Frisco | $0.7552 | $0.2700 | $1.0252 |
| Irving | $0.7179 | $0.2980 | $1.1059 |
| Coppell | $0.7552 | $0.2474 | $1.0026 |
| Dallas* | $0.7552 | $0.2420 | $0.9972 |
| Grape Coll | $0.7369 | $0.1864 | $0.9233 |
| Highland Pk* | $0.6969 | $0.1700 | $0.8669 |
| Average | $0.7440 | $0.3329 | $1.0769 |
Proposed 2025 Bond Program Summary
Some information may contain content that is not accessible to all readers. To obtain assistance accessing this information, please contact RISD’s Budget Office at 469-593-0331.
Fiscal Scorecard
Richardson ISD is one of a handful of Texas school districts that maintain the highest available bond ratings. This lowers the costs of issuance and results in further cost savings as the strong ratings enable RISD to achieve low interest rates on the debt.
AAA Moody’s Investors Service
AA+ Standard & Poor’s
