The Dripping Springs ISD Board of Trustees unanimously approved the 2025 tax rate of $1.1052 (per $100 of certified property value) at the Sept. 22 meeting.
The district’s tax rate remained unchanged from 2024 and has decreased by more than 41 cents since 2018. Due to the anticipated increase in the homestead exemption on the November ballot, the average DSISD homeowner is expected to pay approximately $6,847 in property taxes—down from $7,206 last year.
The total tax rate of $1.1052 consists of two parts: $0.7552 for Maintenance and Operations and $0.35 for Interest and Sinking. The Maintenance and Operations (M&O) portion covers district operating costs, such as salaries and benefits, utility bills, and supplies, and is subject to recapture. The Interest and Sinking (I&S) rate generates revenue that can only be used to pay off voter-approved debt.
Property tax bills are a product of the tax rate and the property value. Therefore, a property owners’ tax bill could increase even when the tax rate remains the same or decreases.
In June, the DSISD Board of Trustees unanimously approved a $104.2 General Fund budget, less recapture, including 83 percent for payroll for nearly 1,200 district employees. The remaining 17 percent of the budget is used towards classroom supplies, utilities, professional development, transportation, safety, travel and contracted services.
The 2025 tax rate presentation from Monday’s meeting can be found here.