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.
