Trustees in Richardson ISD adopted a new tax rate at their Sept. 8 meeting. (Courtesy Fotolia)

The average Richardson ISD homeowner will likely see property tax payments rise despite unanimous board approval of a slightly lower tax rate.

The tax rate for school year 2020-21 is $1.4047 per $100 of assessed property value, which is a decrease from the rate of $1.41835 for school year 2019-20. The new rate will result in an annual increase of $163.76 for the average RISD taxpayer, which is 1.64% more than the average 2019 payment, according to Chief Financial Officer David Pate.

Read more at Community Impact.