Denton ISD Decreases Tax Rate for Fifth Consecutive Year
For the fifth consecutive year, Denton ISD has decreased its tax rate. Denton ISD’s Board of School Trustees adopted the tax rate of $1.1592 – a nearly $0.19 decrease – for 2023-2024 at a meeting on Tuesday night.
The tax rate decrease will save local taxpayers $185.40 per $100,000 value on their home. The median home price in Denton County is roughly $370,000, meaning the decrease will save the average homeowner nearly $700 per year starting in 2024.
“Denton ISD has an extensive history of sound fiscal management while being good stewards of tax dollars,” said Dr. Jamie Wilson, Denton ISD Superintendent of Schools. “Denton County is the fifth-fastest growing county in the United States, and that growth allows us to lower our tax rate and provide additional savings to each taxpayer in our community.”
Since 2018-2019, Denton ISD has decreased its tax rate over $0.38. The district’s tax rate in 2022-2023 was $1.3446.
Compared to the district’s tax rate of $1.54 from five years ago, the $1.1592 tax rate for 2023-2024 saves the average homeowner more than $1,400 per year.
Denton ISD continues to rank as one of the fastest growing school districts in the Dallas/Fort Worth metroplex based on new home closings. According to the United States Census Bureau, one person is moving to Denton County every three minutes.