The overview
The proposed tax rate for Collin County residents is $0.08122 per $100 of assessed value, according to district documents. This would be the fourth year in a row the college has operated at this tax rate, according to Collin County tax records.
The rate is broken down into two funds.
- The maintenance and operations, or M&O, rate goes toward the funding of daily operational costs for the college system. The proposed M&O rate is $0.07500 per $100 of assessed value.
- The debt service rate helps the college system pay off its interest and principal on debts. The proposed FY 2025-26 rate is $0.00622 per $100 of assessed value.
The college’s board of trustees will hold a public hearing Aug. 26 for the proposed tax rate of $0.08122 per $100 of assessed value. The meeting will be held at 5:30 p.m. in the Collin Higher Education Center Board Room located at 3452 Spur 399, McKinney.
