Virtually all area school district tax rates have dropped their tax rates approximately 20% for 2007 with the new House Bill 1 that is now law in Texas. There is no more "Robin Hood" and all school districts are essentially the same in their operations and maintenance tax. The tax rate for Lewisville Independent School District which includes Flower Mound Schools was reduced from $1.77 per hundred 2 years ago to $1.37 per hundred this year. Hundreds of thousands of homeowners will have significant tax reductions this year across the state.