Frequently Asked Questions
How will this bond impact my taxes?
There will be no tax rate increase. However, individual property tax bills may increase due to appraised values beyond the control of MVISD.
If Bond 2024 does not have a tax rate increase, how will the $290M be funded?
The district will be able to fund the $290M bond without increasing the tax rate because of the increase in property values. The main reason for the increase in property values is because of the new homes being built in the school district. Each new home increases the the value of that property which increases the amount of taxes collected enabling the district to fund additional bonds.
We just had a bond in 2023. Why are we having another bond election in 2024?
High School #2 was the only new school included in Bond 2023. Bond 2024 would add a new middle school and two elementary schools, addressing MVISD’s future enrollment projections and anticipated exceeded capacity at those campuses.
Will MVISD have a bond election every year?
Bond 2024 aims to address the needs of the district for the next few years with the goal that MVISD would not have to hold another bond election until that time.
Where will Middle School #3, Elementary #7 and Elementary #8 be built?
The location of each MVISD campus will be selected based on areas of the district that are most populated. The district currently plans for middle school #3 to be built on the eastern side of the school district and is under contract for land in that area.
Why does the ballot say this is a property tax increase if there is no increase in the tax rate?
Please note that the sentence “This is a property tax increase” on the ballot is a legal requirement. MVISD does not anticipate any increase in the tax rate, but individual tax bills may go up as a result of increasing appraised values. The appraisal districts set the appraised value; MVISD does not.
Where would new students go if this bond doesn't pass?
If Bond 2024 does not pass, additional portables will need to be added on existing campuses to accommodate the exceeding capacities. This could also impact class sizes on the campuses.