Bond Election Called
February 12, 2024: The CISD Board of Trustees unanimously called for a proposition bond election in the amount of $8,440,000 (Proposition A) and $5,320,000 (Proposition B) to be held on May 4, 2024. The bond proposal is a comprehensive plan that addresses facilities as well as Career and Technology Education (CTE) Vocational Trades Program needs. It was developed through an in-depth process that included parents, non-parents, district staff, students, community leaders, and business owners.
To learn more about the bond projects, tax rates or voting information, click the buttons below or the navigation menu at the top of the page.
The District’s current total ad valorem tax rate is $0.8836 per $100 of assessed valuation, which is made up of a maintenance and operations tax rate of $0.7236 per $100 of assessed valuation and a debt service tax rate of $0.16 per $100 of assessed valuation of taxable property in the District.
Elementary Wing & Renovations (Proposition A) = $8,440,000
CTE Vocational Trades Building (Proposition B) = $5,320,000
$0.8836
CURRENT 2023-2024 TAX RATE
$0.83
PROPOSED ESTIMATED TAX RATE (PROP A+B)
Citizens 65+ School Tax Impact
Property taxes for citizens 65 years or older who have filed the “Over 65 Homestead Exemption” will not increase above the tax ceiling because of the bond proposal. Under the “Over 65 Homestead Exemption” taxes are frozen at the dollar amount of the year the individual turned 65 and regardless of future tax rate increases and assuming no improvements are made to the homestead property, the tax levy for the 65-year-old will not increase beyond the ceiling dollar amount. If decreases in property value, tax rate declines, or change in exemptions cause the tax levy to fall below the ceiling amount, the over 65 taxpayers will pay the lower tax bill.
Individuals 65 years of age or older automatically qualify for the "Over 65 Homestead Exemption" based on their date of birth on the initial homestead application. If you are unaware if your date of birth is filed on your homestead application, please call the Colorado County CAD at (979) 732-8222 and their office can assist you with confirming if your taxes can be frozen.