TEA revises tax rate and MCR template
In a Public School Funding Update released on June 24, 2026, TEA announced a revision to the Tax Rate and MCR Template available on the State Funding webpage. The updated template corrects the prepopulated data in Cell D7, "TY 2025 Value Lost to the Local Optional Homestead Exemption," on the LPVS worksheet tab. Districts that downloaded the original version of the template should replace it with the revised version before estimating their Tax Year 2026 Maximum Compressed Rate (MCR) and related tax rate calculations.
TEA noted that the template is provided for technical assistance purposes only and does not replace the requirement for districts to complete the Local Property Value Survey (LPVS) in order for TEA to calculate and approve an official MCR.
As a reminder, the LPVS will open July 18. MoakCasey will host a webinar Friday, July 17 to guide districts through this submission (more details on that will be emailed out in early July).
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