The San Marcos CISD Board of Trustees adopted a new tax rate for fiscal year 2026-27. The new rate features a reduction from the previous year’s rate, decreasing the amount taxpayers will owe each month.
The whole story: The Board adopted a tax rate of $0.8902 per $100 of taxable value during a Sept. 21 meeting, reducing the overall rate by 12.5 cents from the fiscal year 2025-26 rate of $1.0152 per $100 of taxable value.
The yearly taxes owed for a property worth $250,000 in taxable value will be reduced by approximately $312.50 if the taxable value remains the same as in FY 2025-26, said SMCISD Board Member Juan Miguel Arredondo in a statement.
The details: The total tax rate is composed of the Maintenance and Operations, or M&O, rate and the Interest and Sinking, or I&S, rate.