With both districts seeing a rise in their property tax bases in the last few years, Spring and Klein ISDs each approved a reduction in their property tax rates in October.

The SISD board of trustees approved a rate of $1.51 per $100 valuation at a board meeting Oct. 14, according to SISD officials.

The rate was 6 cents lower than the 2013–14 rate and 3 cents lower than the previously projected tax rate.

"The district was able to decrease the tax rate lower than originally projected because we are experiencing almost a 20 percent increase in overall property values, including an average increase of 13 percent in residential property values over last year," SIS chief financial Officer Christine Porter said.

SISD's tax rate had been $1.57 per $100 for the last three years.

The KISD board of trustees also approved a lower tax rate of $1.39 per $100 valuation—a 4-cent decrease from last year—at its Oct. 13 meeting.

Despite the drops in property tax rates, the districts could receive more funding in property tax revenue this year thanks to an increasing tax base. KISD's appraised taxable value is estimated to increase $1.7 billion this year while SISD anticipates an increase in taxable value of about $1.1 billion.