ACC adopts tax rate for fiscal year 2019-20

On Sept. 16, Austin Community College set its tax rate for fiscal year 2019-20.

On Sept. 16, Austin Community College set its tax rate for fiscal year 2019-20.

On Sept. 16, the Austin Community College board of trustees adopted its fiscal year 2019-20 tax rate.

The board set the rate at $0.1049 cents per $100 of taxable property value. The district continues to provide a $5,000 homestead exemption for all residential taxpayers and a $160,000 exemption for seniors and taxpayers with disabilities.

The owner of a median-priced property—currently, a value of $353,265—in the city of Austin who receives the homestead exemption would pay $365.33 per year in ACC property taxes in accordance with the adopted tax rate.

The district proposed a tax rate Aug. 6 of $0.105 cents per $100 of taxable value, but at the time the rate was proposed, Neil Vickers, ACC executive vice president of finance and administration, said there was “nuance” in the debt service rate because the Travis Central Appraisal District had yet to certify its appraisal rolls.

ACC adopted its $406 million budget in July, about 60% of which the district says is funded by property taxes. Revenue from tuition and fees makes up approximately 19% of the budget, the district says.

ACC has estimated $22.61 million more in property tax revenue this year than it had in FY 2018-19, which will help the district fund a 5.07% increase in expenses.


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