Tax Rate 2022

DeSoto ISD Confirms 2022 Tax Rate
Posted on 08/24/2022
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During the August 22, 2022 meeting of the DeSoto ISD Board of Trustees, the tax rate for the 2022/23 school year was presented in a public hearing open for discussion.  No members of the public appeared to discuss any area of the proposal. 


Since the tax rate proposed was not greater than the proposed tax rate in the originally published notice, as presented at the Public Meeting on the Budget and Proposed Tax Rate on June 27, 2022, a new public notice was not required.


The Maintenance & Operations (M&O) rate computation considers the nominal increase in taxable values and state compression. The Interest & Sinking (I&S) tax rate considers the tax revenue necessary to cover the current year’s debt payments.


The motion presented and approved by the Board was that the property tax rate be decreased by the adoption of a tax rate of $1.2582, which is 9.3% less than the previous year’s tax rate.  The motion further stated that the rate is adopted in two separate parts: $0.94290 for the M&O tax rate and $0.31530 for the I&S tax rate.


While the tax rate applied has been reduced, the anticipated tax proceeds are expected to increase due to the elevated valuation of properties within the DeSoto ISD boundaries.