Tax Rate NotificationPublic school taxes involve two figures, which divide the school district's budget into two “buckets.” The first bucket is the Maintenance and Operations budget (M&O), which funds daily costs and recurring or consumable expenditures such as teacher and staff salaries, supplies, food, gas and utilities. Approximately 85 percent of the district’s M&O budget goes to teacher and staff salaries. The second bucket is the Interest and Sinking budget (I&S), also known as Debt Service, and that is used to repay debt for longer-term capital improvements approved by voters through bond elections.

For the 2023 tax year, Pleasant Grove ISD’s I&S tax rate is $.365, and the M&O tax rate is $0.7297 for a total tax rate of $1.0947 per $100,000 of certified property value or a decrease of $0.17 from the prior year. The table below shows the district’s tax rate for five years.

 

Maintenance & Operations	Debt Service	Total Tax Rate
2024	$ 0.7020	$ 0.365	$ 1.067
2023	$ 0.7290	$ 0.365	$ 1.094
2022	$ 0.9013	$ 0.365	$ 1.266
2021	$ 0.9965	$ 0.365	$ 1.362
2020	$ 1.0165	$ 0.365	$ 1.382