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LISD Board Approves 2021 Tax Rate Decrease

Christina Courson

AUGUST 23, 2021

LISD Board Approves 2021 Tax Rate Decrease

At the regular Board meeting Monday evening, the Lockhart Independent School District’s Board of Trustees approved the 2021 total tax rate of $1.1297 per $100, a decrease of 3.74 cents from last year’s rate of $1.1671 per $100. 

In 2018, the district tax rate was $1.3324 per $100. In the past three years, the Board steadily decreased the tax rate each year with a total decrease of 20.3 cents since 2018. 

Although the Board approved a tax rate decrease, the total amount of estimated tax revenue for 2021 has increased due to local rising property values. While the tax rate is at its lowest since 2018, local taxpayers will see an increase in their collected school tax due to the increased property values.  

Chief Financial Officer Nicole Dean shared that an average taxable value of a local residence last year was $133,597 with a tax rate of $1.1671. This year, the average taxable value of a local residence is $150,788. Even though the tax rate has decreased to $1.1297, the increase in property values will result in an average annual increase of $144.24 in school district taxes for taxpayers. The increase in local tax revenue will result in the district receiving less state funding.

LISD’s 2021 tax rate is lower than neighboring San Marcos CISD’s rate of $1.170782 per $100 and Hays CISD’s rate of $1.3597 per $100.

“We are grateful to the Board for decreasing the rate for our local taxpayers,” said Superintendent Mark Estrada. “Because property values continue to increase regionally, we will each still experience an increase in total taxes collected. However, it will be less than it would have been because of the action the Board took this evening to lower the tax rate.”