General
-
School districts are required by state law to ask voters for permission to sell bonds to investors in order to raise the capital dollars required to renovate existing buildings or build a new school. Essentially, it’s permission to take out a loan to build, renovate and pay that loan back over an extended period of time, much like a family takes out a mortgage loan for their home. A school board calls a bond election so voters can decide whether or not they want to pay for proposed facility projects.
-
Recent research by the Environmental Protection Agency suggests that a school’s physical environment can play a major role in academic performance. Leaky roofs and problems with heating, ventilation and air conditioning systems can trigger a host of health problems – including asthma and allergies – that increase absenteeism and reduce academic performance. Research links key environmental factors to health outcomes and students’ ability to perform.
-
Working with the Board of Trustees, teachers, and administrators from across the district, the facilities planning committee developed a list of items to consider for inclusion in a bond package. The District has been evaluating current facilities and equipment, ongoing enrollment, growth, and other district priorities with the Board of Trustees. Learn more here.
-
Under state law, bond funds must be used for items listed on the election ballot. In addition, if the bond passes, the district will invite community members to join a Bond Oversight Committee. This committee will meet regularly to oversee the construction of the bond projects.
-
The school district itself does not set property values. Property values are determined by the Grimes County Appraisal District, an independent government agency responsible for estimating the market value of properties in the county each year.
The Appraisal District looks at things like:
Recent sales of similar homes in your area
Market trends (supply and demand)
Improvements or changes made to your property
Overall neighborhood growth and development
In short: The school district doesn’t control your home’s value—the real estate market and the county appraisal process do. Find out more information here.
-
No, bond funds cannot be used for teacher salaries.
-
If the bond is passed, grades 9-12 will move into the new high school campus, leaving the space in the current D building available for elementary & secondary to takeover. The additional space could be used to redistribute students and relieve overcrowding at the elementary level. The new campus breakdown with be decided later with the help of Iola ISD parent & staff input, as well as the school board & administration.
-
Currently, there is no official announcement from the data center for Grimes County. Discussion about such projects sometimes occurs as part of regional economic development.
If a project like this were to move forward in the future, it could bring both opportunities and considerations for the community:
Potential Benefits:
Increased local tax base: Large commercial developments can contribute additional property tax revenue, which may help support local services, including schools.
Economic activity: New development can create jobs, improve infrastructure, and boost business activity in the area.
Long-term planning opportunities: Growth can allow communities to plan proactively for facilities, roads, and services.
Things to Consider:
Population growth:New development can lead to increased enrollment over time, potentially placing additional demand on school facilities.
Infrastructure needs: Growth can impact roads, utilities, and community services.
Timing and uncertainty: Large projects often take years to develop and may change during planning.
What this means for Iola ISD:
The proposed bond is based on the district’s current facility conditions, enrollment trends, and identified needs today. While future growth is always monitored by the district, no plans for a data center have been confirmed or factored into this bond proposal.Iola ISD will monitor growth and adjust as new information emerges, ensuring taxpayer funds are spent responsibly.
Taxes
-
If you qualify for an age 65+ or disabled person residence homestead exemption, the tax ceiling is the amount you pay in the year you qualified for your exemption. The school district taxes on your residence homestead may go below, but not above the ceiling amount.
-
A school district’s tax rate is comprised of two components: the Maintenance & Operations tax (M&O) and the Interest & Sinking tax (I&S). The M&O rate is used to operate the school district including salaries, utilities, furniture, supplies, food, gas, etc. The I&S rate is used to pay off school construction bonds. Bond sales only affect the I&S rate.
-
Texas legislature passed laws in 2019 requiring all school bond elections to include the following language on the ballot: “THIS IS A PROPERTY TAX INCREASE”. The state mandates all bond ballots to include this language, regardless of what individual exemptions each voter may have.
-
You can apply for the homestead exemption here.
-
If the voters approve the bond, there will be a $0.3098 I&S tax impact. For the average home in Iola ISD valued at $365,802 that would be an impact of $58.29 a month.
*Based on data from the Grimes County Appraisal District