Lexington ISD Bond - Aged 65 & Older Tax Information
The school taxes of Lexington ISD residents aged 65 and older who have filed for the Over-65 Homestead Exemption will not be affected by the passage of the bond. By law, they only pay their “frozen amount”, aka tax ceiling, which is the amount of school taxes they paid the year they turned 65. However, current state legislation could reduce their tax ceiling even further, allowing them to pay even less than they have been.