Austin Community College trustees unanimously approved a rate of $0.103643 per $100 of valuation on Sept. 14, up from $0.1034 last year, according to a district announcement. Because property values fell more than the rate rose, college officials said in a district release that the average bill will effectively drop about 2.2% and the average homestead bill by about 1%.
What it means for you
Officials said the owner of an average home will pay about $5 less to the college this year, totaling about $557, down from $562 last year. On a $500,000 homestead, the ACC portion is about $513, according to the district's property tax page. Bills could still rise for homes whose values held steady or went up.
The details
The new rate is below ACC's no-new-revenue rate of $0.105924, district documents show, so the college will collect less from existing property. State law does not consider that a tax increase. The same documents show values on property taxed in both years fell about 1.6%.
District officials said the slight increase is tied to debt on the $770 million bond voters approved in 2022. At the time, ACC said it could repay the bond without raising its rate if values kept rising, according to its bond FAQ. The debt portion remains close to its 2022 level, according to the district's 2023 tax rate worksheet.
Some context
Property taxes fund about 67% of ACC's $583 million budget, the district said. When trustees approved that budget in July, officials said property tax revenue was down for the first time in 17 years, Community Impact reported.
"At a time when many Texans are facing higher costs, we're pleased that the average ACC property tax bill will decrease," Board Chair Sean Hassan said in the release.
What's next
ACC makes up about 6% of the bill on a $500,000 Austin homestead, according to a Community Impact analysis. Austin ISD, the city, Travis County and Central Health make up the rest.
Bills typically go out in the fall and are due Feb. 1, 2027, since Jan. 31 falls on a Sunday, according to the Travis County Tax Office.
