Collin College adopts fiscal year 2019-20 tax rate, budget

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Collin County residents can count on paying the same property tax rate to Collin College this fiscal year.

The college approved a tax rate of $0.081222 per $100 valuation for fiscal year 2019-20 during an Aug. 27 board meeting. This is the second year in a row the college has operated at this tax rate. Before FY 2018-19, the college was operating at a slightly lower rate of $0.07981 per $100 valuation.

An average Collin County household will pay $305.52 in property taxes to Collin College this year. This number is based on the average home value of $376,164, according to the 2019 homestead market value.

During the meeting, the college also adopted its FY 2019-20 general fund budget, which totals $212.5 million. Slightly more than $118.6 million of this budget comes from property tax revenue, according to the college.

The budget includes operating expenses, maintenance, employee salary increases, hiring of new staff members and more.

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Emily Davis
Emily graduated from Sam Houston State University with a degree in multi-platform journalism and a minor in criminal justice in Spring 2018. During her studies, Emily worked as an editor and reporter at The Houstonian, SHSU's local newspaper. Upon graduation, she began an editorial internship at Community Impact Newspaper in DFW, where she was then hired as Community Impact's first McKinney reporter in August. Three fun facts about Emily: 1.) She is a lover of mystery novels, movies, TV shows and podcasts. 2.) She has an 11-year-old, 3-pound Pomeranian. 3.) She loves lacrosse, and was captain and then coach of her high school team.
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