Wylie Independent School District will hold a public meeting Monday, June 15 to discuss the district’s proposed 2026-27 budget and tax rate, according to a public notice released by the district.

The meeting is scheduled for 6 p.m. at the Wylie ISD Administration Building, 951 S. Ballard Ave. Residents are invited to attend and participate in the discussion regarding the proposed budget and tax rate before trustees take action.

District officials are proposing to keep the total tax rate unchanged from the current year at $1.1752 per $100 valuation. The proposed rate is made up of $0.7552 for maintenance and operations and $0.42 for debt service tied to voter-approved bonds.

Although the tax rate would remain the same, the district’s proposed budget reflects changes in spending and property values across the district.

According to the notice, total expenditures in the proposed budget would increase 11.69% compared with the previous fiscal year. Maintenance and operations spending is projected to decrease 1.71%, while debt service expenditures are expected to increase 79%.

The district’s total taxable property value is estimated at $10.81 billion for the current tax year, down slightly from approximately $10.98 billion last year. New taxable property value is estimated at about $180.7 million, compared with roughly $249.1 million the previous year.

Wylie ISD’s total appraised property value is listed at approximately $14.2 billion, compared with $15.28 billion during the preceding tax year.

For homeowners, the district estimates taxes on the average residence would decrease slightly. Based on an average taxable home value of $332,530, taxes are projected at $3,907.89 annually, a decrease of $13.74 from the previous year.

The notice also states the district has approximately $629.1 million in outstanding bonded indebtedness.

Under Texas law, the district’s voter-approval tax rate is $1.181698 per $100 valuation. If the district adopts a rate above that threshold, voter approval would be required through an election. The proposed rate remains below that level.

The district estimates ending the current fiscal year with approximately $76.2 million in maintenance and operations fund balances and $48.6 million in interest and sinking fund balances.

See page 2A for the notice of the proposed tax rate. Additional information regarding property taxes and proposed tax rates is available through the state’s property tax database at Texas.gov/PropertyTaxes.

Stay informed, and support your local community newspaper, subscribe to  The Wylie News.