By Brittany Anderson
DSISD – Dripping Springs ISD is lowering its tax rate for 2021, and proposing to set the rate at $1.3103, but the average taxable value of homes within the district has risen in one year by 20.63%.
Last year’s average taxable value of residences within the district was $387,560 compared to this year at $467,544.
The tax rate for 2020 was $1.3332.
Interim CFO Larry Keiser presented the Dripping Springs ISD tax rate resolution during the DSISD agenda review board meeting on Monday.
The tax rate per $100 valuation for the district for tax year 2021 is $1.3103, with $0.9603 for maintenance and operations, and $0.3500 payment of principal and interest on debts.
The resolution states that this tax rate will raise more taxes for maintenance and operations than last year’s tax rate, but because of the increases in valuations within the district.
The board will adopt the tax rate resolution during their regular board meeting on Sept. 27.
