According to the Texas Education Agency, a district's property tax rate consists of a maintenance and operations (M&O) tax rate and, if applicable, an interest and sinking (I&S) tax rate. The M&O tax rate provides funds for maintenance and operations. The I&S tax rate provides funds for payments on the debt that finances a district's facilities. The calculation of state funding for school districts is tied to tax effort; thus, tax rates provide an essential component in the state's school finance formulas. Texas Education Agency School District Property Values and Tax Rates.

From 2012 to 2014, the tax rate for Centerville Independent School District (ISD) consisted solely of a Maintenance and Operations (M&O) rate of $1.04. With the passage of the 2014 Bond for the construction of a new elementary school, an Interest and Sinking (I&S) rate of $0.2880 was added that year. This raised the total tax rate for 2014 to $1.33.

In 2015, the I&S rate was reduced to $0.2735, while the M&O rate remained at $1.04, bringing the total tax rate down to $1.31. The I&S rate increased slightly to $0.2800 in 2016, with the M&O rate unchanged at $1.04, resulting in a total tax rate of $1.32. These rates remained steady through Fiscal Year 2018.

In 2019, the M&O rate decreased to $0.9700, with the I&S rate holding steady at $0.2880, leading to a total of $1.25. The M&O rate continued to decline in the following years. In 2020, the M&O rate decreased further to $0.9200, while the I&S rate remained at $0.2880, resulting in a total of $1.20.

In Fiscal Year 2021, the I&S rate increased to $0.2915, but the M&O rate decreased to $0.9100, keeping the approved total at $1.20. In 2022, the M&O rate dropped to $0.8500, while the I&S rate rose to $0.3436, maintaining a total of $1.20.

Fiscal Year 2023 saw a reduction in the overall tax rate to $1.1378, with the M&O rate at $0.6692 and the I&S rate at $0.4686. In 2024, the M&O rate decreased further to $0.6669, while the I&S rate remained at $0.4686, bringing the overall rate to $1.1355.

For this year, 2025, the approved rate remains unchanged at $1.1355, comprising an M&O rate of $0.6690 and an I&S rate of $0.4686.

Centerville ISD Tax History Table (PDF)