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Del Valle ISD trustees adopt lower tax rate

Del Valle ISD trustees adopt lower tax rate
Christopher Weddle

On Tuesday, September 20, 2022 the Del Valle ISD Board of Trustees approved the proposed maximum Maintenance & Operations tax rate of $.8546 and the Interest & Sinking tax rate of $.3300 for a total maximum tax rate of $1.1846 for 2022.

The approved Maintenance & Operations (M & O) tax rate is 1.7 cents lower than last year’s rate. The M&O rate covers the district’s general operating cost including staff salaries, supplies, and building maintenance.

The approved Interest & Sinking (I & S) tax rate is .3300 which is the same as last year’s rate. The I&S rate pays for district debt from bonds primarily for building construction, land, buses, and technology.

The overall tax rate for residents of Del Valle ISD is 27.6 cents lower than it was in 2017, which is about an 18% lower rate compared to 5 years ago.