2023-24 Annual Financial Report
2022-23 Annual Financial Report
2021-22 Annual Financial Report
2020-21 Annual Financial Report
2019-20 Annual Financial Report

2023-24 FIRST Report (based on 2023 fiscal year data)
2022-23 FIRST Report (based on 2022 fiscal year data)
2021-22 FIRST Report (based on 2021 fiscal year data)
2020-21 FIRST Report (based on 2020 fiscal year data)
2019-20 FIRST Report (based on 2019 fiscal year data)

There are two components to the total tax rate. The first component of the total tax rate is the Maintenance & Operations (M&O) rate. The tax collections from this part of the tax rate provide revenues to fund the District’s daily operating costs such as payroll for teachers and staff, supplies, transportation, and utilities. School districts and cities fall under different laws when it comes to adopting a tax rate. Cities have flexibility in setting their tax rate, whereas the largest portion of a school district’s M&O tax rate, the Maximum Compressed Rate (MCR), is capped by the state legislation that the Governor signed into law in June 2019.  

The second component is the Interest & Sinking (I&S) rate. These tax collections provide the funds necessary to pay the interest and principal on outstanding bonds issued by the district over the years. Per State law, these tax collections can only be used for the retirement of debt. The funds that result from the issuance of bonds are referred to as bond or capital project funds and can only be used to build and maintain district facilities and to fund other capital improvements and equipment, such as technology and buses. It is important to note that these funds cannot be used on teacher salaries. Once construction and/or projects are completed, any funds that remain from the issuance of bonds can be used for new projects allowable under the bond orders or the retirement of debt. The Board must approve the use of remaining bond funds.  

Visit Texas.gov/PropertyTaxes to find a link to your local property tax database on which you can easily access information regarding your property taxes, including information regarding the amount of taxes that each entity that taxes your property will impose if the entity adopts its proposed tax rate. Your local property tax database will be updated regularly during August and September as local elected officials propose and adopt the property tax rates that will determine how much you pay in property taxes.

Property taxes for Dripping Springs ISD are collected by Hays County. Property owners will receive one consolidated bill from Hays County. Tax payments are not accepted at the Dripping Springs ISD Administration Building but should be either mailed or taken to one of the Hays County Tax Offices. The mailing address for Hays County Tax Office is:

Jenifer O’Kane
Hays County Tax Office
712 S Stagecoach Trail, Suite 1120
San Marcos, TX 78666-6073

Tax payment questions should be addressed to the Hays County Tax Office at 512.393.5545. 

Physical locations can be found at the Hays County Tax Assessor/Collector.

Tax Code Sections 26.04(e-2) and 26.18