The gist
The college’s board of trustees unanimously approved a tax rate of $0.08122 per $100 valuation during an Aug. 26 board meeting. This is the fourth year in a row the college has operated at this tax rate, according to Collin County tax records.
Breaking it down
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 approved M&O rate is $0.075 per $100 of assessed value.
- The debt service rate helps the college system pay off its interest and principal on debts. The FY 2025-26 rate is $0.00622 per $100 of assessed value.