Let $V$ be a variety of type $\tau$. A hypersubstitution which preserves all identities of $V$ is called a $V$-proper hypersubstitution. The set $P(V)$ of all $V$-proper hypersubstitutions forms a monoid, which is a submonoid of the monoid of all hypersubstitutions of type $\tau$. The hypersubstitutions in $P(V)$ can be partitioned according to an equivalence relation $\sim_V$ first introduced by P \l onka. The authors introduce the name "degree of proper hypersubstitutions with respect to $V$" for the number $d_p(V)$ of distinct equivalence classes under this relation, and study the properties of this parameter.