The Board of Trustees on Tuesday approved the lowest property tax rate in more than 20 years, adopting a 2022 total tax rate of $1.25 per $100 valuation – down 6 cents from last year’s rate.
The amount is based on the combined .85-cent Maintenance and Operations tax rate and .4-cent Interest and Sinking tax rate, which is used to pay the debt service requirements on outstanding bonds.
Annually, the district proposes a tax rate when the next year’s general operating and debt service budgets are approved in the spring, but the tax rate is not approved until fall, after the Harris County Appraisal District provides the certified property appraisal rolls.
Tax bills are mailed out in early October to all district households. For more information about Spring ISD’s tax rate, click here.