Yes, in any year, if the taxable appraised value of a property increases or decreases from the previous year, then the actual amount of taxes due on a property would increase or decrease that year, even if the tax rate stays the same. The taxable appraised value of a property is NOT related to or impacted by a bond proposition or the property tax rate. Under Texas law, the amount of property taxes due each year is based on two primary factors – the property tax rate and the taxable appraised value. The property tax rate is set by a taxing entity, such as New Braunfels ISD. The appraised value is determined by a separate entity called an appraisal district. In New Braunfels ISD’s area, it’s the Comal Appraisal District and the Guadalupe Appraisal District. The taxable appraised value is the appraised value of a property after any eligible exemptions are applied to the property. NBISD ’24 Bond would not increase New Braunfels ISD’s debt service tax rate (I&S tax rate), so without a change in property tax rate, the primary factor that could change how much tax is due on a property compared to a previous year is whether the taxable appraised value changes (which is determined by the Comal Appraisal District and the Guadalupe Appraisal District; not New Braunfels ISD) .