San Jacinto College trustees to consider $0.01 drop for FY 2023-24 tax rate

San Jacinto College’s proposed tax rate for fiscal year 2023-24 would represent a roughly $0.01 decrease year over year if approved by trustees in October. However, the tax rate could still equate to a $5 increase in taxes for the average homeowner, college system documents show.

What you need to know

SJC’s board of trustees discussed the college system’s proposed tax rate of $0.1462 per $100 valuation for FY 2023-24 during a Sept. 11 board meeting. The proposed tax rate is about 6% less than the FY 2022-23 tax rate of $0.1556 per $100 valuation.

While the proposed tax rate is less than the FY 2022-23 tax rate, the average home value has increased by about 9%, according to SJC documents.

• The average home in SJC’s boundaries is worth $170,800 for FY 2023-24 compared to $157,169 for FY 2022-23.
• The average taxpayer is expected to pay $249.70 in taxes for FY 2023-24 compared to $244.56 in FY 2022-23 if SJC’s board approves the proposed tax rate in October.

Stay tuned

A public hearing will be held on the tax rate before it is adopted, SJC officials said Sept. 11, and trustees will consider adopting the tax rate on Oct. 2.