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Finance » Tax Collections & Tax Rate

Tax Collections & Tax Rate

The District's property tax rate is made up of a Maintenance & Operations tax rate often referred to as M&O, and a Debt Service tax rate.  The M&O tax rate provides funds for the operating expenditures of the school district.  The Debt Service tax rate provides funds for payments on the debt that finances the districts' facility and larger, capital needs. 
Adopted Lovejoy ISD Tax Rate $1.4429
$0.9429 Maintenance and Operations (General)
$  .5000 Interest and Sinking (Debt Service)
$1.4429 Total Adopted Tax Rate

Our certified net taxable value is $3,650,882,269.

*Collin County will be processing and mailing out tax bills reflecting the tax rate adopted by the Board of Trustees on November 16, 2022, reflecting voter rejection of the VATRE rate.
For questions please contact Kenneth Maun, Collin County Tax Assessor Collector.

Their office is located at:

2300 Bloomdale Rd
McKinney, TX 75071
email: [email protected]
Tax Clerk
Phone # : 972-547-5020
Fax # 972-547-5040
Metro: 469-362-5801