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Tax Information

The total bond proposal is $386,000,000. The estimated tax impact on property owners is 2 cents per $100 valuation. For the average CISD homeowner, that is $3.17 monthly to the average Canutillo home. There is zero tax impact to senior citizens.

 2 cents tax increase   image depicting $3.17   Image depicting $0
Canutillo Bond 2024 would add no more than 2 cents to the CISD tax rate.   Monthly to the average Canutillo home valued at $289,000.   Zero tax impact to senior citizens or qualifying disabled homeowners

Tax Calculator

If approved, Canutillo Bond 2024 would add no more than 2 cents to the current CISD tax rate. For the average Canutillo home, which is valued at $288,196, that means an annual school tax increase of $38 per year.

Use the Canutillo Bond 2024 calculator below to determine the tax impact for your household. Simply type in the valuation of your property and hit enter.


Homestead Exemption

For residents 65-years and older, their school district tax bill will not increase, even if their property values increase (excluding property improvements) as long as an approved Homestead and Over-65 Exemption application is on file with the El Paso County Central Appraisal District, and the property has been owned as of Jan. 1 of the tax year.

Understanding the Tax Rate

Public school taxes involve two figures which divide the school district’s budget into two “buckets.” The first is the Maintenance & Operations (M&O) budget, also known as the General Fund. The M&O fund is used to pay for the day-to-day operations of a district and includes items such as salaries, utilities, food, gas, supplies, etc. Approximately 88% of Canutillo ISD’s M&O budget is spent on personnel salaries, benefits, daily operations and related costs.

The second is the Interest & Sinking (I&S) budget or Debt Service. This fund is used to repay debt for capital improvements approved by voters through bond elections. As a comparison, this fund is similar to a mortgage or home improvement loan. I&S funds may only be used to repay debt.

Proceeds from a bond issue can be used for the construction and renovation of facilities, the acquisition of land and the purchase of capital items, such as equipment, technology and transportation. By law, I&S funds cannot be used for the M&O budget, which means voter-approved bonds cannot be used to increase salaries or to pay rising costs of utilities or services.

Canutillo ISD’s current M&O rate is $0.7605 and the I&S rate is $0.40, for a total district tax rate of $$1.1605 per $100 of property value.




Proposition A


THE ISSUANCE OF NOT TO EXCEED $379,000,000 OF CANUTILLO INDEPENDENT SCHOOL DISTRICT SCHOOL BUILDING BONDS FOR THE PURPOSES OF DESIGNING, CONSTRUCTING, RENOVATING, IMPROVING, UPGRADING, UPDATING, ACQUIRING, AND EQUIPPING SCHOOL FACILITIES, THE PURCHASE OF THE NECESSARY SITES FOR SCHOOL FACILITIES,]AND THE LEVYING OF A TAX SUFFICIENT TO PAY THE PRINCIPAL AND INTEREST ON THE BONDS AND THE COSTS OF ANY CREDIT AGREEMENTS EXECUTED IN CONNECTION WITH THE BONDS. THIS IS A PROPERTY TAX INCREASE.
 

Proposition B


THE ISSUANCE OF NOT TO EXCEED $7,200,000 OF CANUTILLO INDEPENDENT SCHOOL DISTRICT REFUNDING BONDS FOR THE PURPOSE OF REFINANCING THE PRINCIPAL, INTEREST, AND REDEMPTION PREMIUM ON CERTAIN PREVIOUSLY ISSUED MAINTENANCE TAX NOTES OF THE DISTRICT STYLED “CANUTILLO INDEPENDENT SCHOOL DISTRICT MAINTENANCE TAX NOTES, SERIES 2020” AND THE LEVYING OF A TAX SUFFICIENT TO PAY THE PRINCIPAL AND INTEREST ON THE BONDS AND THE COSTS OF ANY CREDIT AGREEMENTS EXECUTED IN CONNECTION WITH THE BONDS. THIS IS A PROPERTY TAX INCREASE.