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Homeowners who apply for a homestead exemption through the El Paso Central Appraisal District will receive two exemptions off the value of their property. First, the YISD 20 percent exemption is applied to total value of the property. After that, the standard $25,000 exemption offered by the State of Texas is subtracted from that new value to create the homeowner's overall taxing value for YISD taxing purposes. The YISD tax rate, which is approved annually by the Board of Trustees, is then multiplied for every $100 of valuation to determine the overall tax burden that is payable to the district.
For example, a homeowner that owns a property that is valued at $100,000 applies for a homestead exemption. The YISD 20 percent exemption is first applied, bringing the value of the home to $80,000. Then, the statewide exemption of $25,000 is subtracted, making the taxable value of the home $55,000. By multiplying YISD's current tax rate of $1.46 per $100 of value, this homeowner's tax burden for that year will $803.
The chart below provides a detailed look into this calculation compared to neighboring school districts. As the chart demonstrates, the tax burden for the YISD homeowner is lower than the other two districts.
Please note that the 20 percent exemption ONLY applies to the Ysleta Independent School District.
