After seeing a 6% increase in Spring ISD’s certified property values, the district’s financial office will recommend a tax rate decrease for the upcoming fiscal year that trustees will consider proposing Oct. 12.
“We are proposing to the board on Tuesday evening a decrease of 5% in our tax rate—a $0.07 decrease,” Chief Financial Officer Ann Westbrooks said at the board’s Oct. 8 workshop.
The district’s certified property values for the 2021-22 fiscal year total $16.4 billion, according to Westbrooks. The total tax rate the district will be recommending to trustees is $1.3128 per $100 valuation, while the current tax rate is $1.3843.
The district received its certified property values Aug. 20, and it is required to adopt a tax rate by the later option of Sept. 30 or 60 days after receiving its values, Westbrook said.
