Collin College board of trustees will vote on a lower rate along with the annual budget Aug. 23. Trustees voted to a lower tax rate of 8.196 cents per $100 of property value down to 8.122 cents Aug. 2. The vote signals their intent to adopt the lower rate during the Aug. 23 meeting. Until that date there will be two scheduled public hearings. The first public hearing will be held at noon Aug. 11 at the Central Park Campus at 2200 W. University Dr., McKinney. The second hearing will be held at 5:30 p.m. Aug. 16 at the Collin Higher Education Center at 3452 Spur 399, McKinney. While the proposed tax rate is lower, Collin College will be collecting more tax dollars, Collin College CFO Kenneth Lynn said. "Our property values have gone up. So even though the tax rate will go down, because tax values are up it will give us more tax dollars," Lynn said. If trustees adopt the proposed tax rate, taxes would increase compared with 2015 taxes by $1.4 million. For the past 16 years, Collin College has either lowered or kept the tax rate steady, according to college officials. Collin College has the fourth-lowest tax rate of the 50 community colleges in Texas.