What is our current tax rate?
The 1996-97 DISD tax rate is $1.52 per $100 assessed value on property. Of that amount, $1.284 is dedicated to district operation and maintenance costs. The remaining 23.60 is designated for the repayment of funds used for construction and other capital improvements, or debt service. The DlSD’s debt service tax rate has averaged 25.59 cents over the past ten years. The current bond proposal would restructure and extend our existing bond debt to keep our debt service tax rate under the 10-year average of 25.59 as long as our appraised value remains constant.
