Tax Notices

Notice of Public Hearing on Tax Increase

The Houston Community College will hold two public hearings on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 1.28 percent (percentage by which proposed tax rate exceeds lower of rollback tax rate or effective tax calculated under Chapter 26, Tax Code). Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted.

The first public hearing will be held on September 22, 2016 at 3:30 PM at HCC Administration Building, 3100 Main Street, 2nd Floor Auditorium.

The second public hearing will be held on September 29, 2016 at 12:00 PM at HCC Administration Building, 3100 Main Street, 2nd Floor Auditorium.

The members of the governing body voted on the proposal to consider the tax increase as follows:

FOR: Dr. Adriana Tamez
Zeph Capo
Neeta Sane
Dr. Carolyn Evans-Shabazz
Dr. John P. Hansen
Eva L. Loredo
AGAINST: Robert Glaser Dave Wilson
PRESENT and not voting:    
ABSENT: Christopher W. Oliver  

The average taxable value of a residence homestead in Houston Community College last year was $244,929. Based on last year's tax rate of $0.101942 per $100 of taxable value, the amount of taxes imposed last year on the average home was $249.69.

The average taxable value of a residence homestead in Houston Community College this year is $265,262. If the governing body adopts the effective tax rate for this year of $0.099000 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $262.61.

If the governing body adopts the proposed tax rate of $0.100263 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $265.96.

Members of the public are encouraged to attend the hearings and express their views.

Effective and Rollback Tax Rate Calculations

2016 Property Tax Rates in Houston Community College

This notice concerns the 2016 property tax rates for Houston Community College. It presents information about three tax rates. Last year's tax rate is the actual tax rate the taxing unit used to determine property taxes last year. This year's effective tax rate would impose the same total taxes as last year if you compare properties taxed in both years. This year's rollback tax rate is the highest tax rate the taxing unit can set before taxpayers start rollback procedures. In each case these rates are found by dividing the total amount of taxes by the tax base (the total value of taxable property) with adjustments as required by state law. The rates are given per $100 of property value.

Last year's tax rate:

Last year's operating taxes $139,629,827
Last year's debt taxes $48,575,325
Last year's total taxes $188,205,152
Last year's tax base $184,619,834,808
Last year's total tax rate $0.101942/$100

This year's effective tax rate:

Last year's adjusted taxes (after subtracting taxes on lost property) $186,859,718
÷ This year's adjusted tax base (after subtracting value of new property) $188,745,312,028
=This year's effective tax rate $0.099000/$100

(Maximum rate unless unit publishes notices and holds hearings.)

This year's rollback tax rate:

Last year's adjusted operating taxes (after subtracting taxes on lost property and adjusting for any transferred function, tax increment financing, state criminal justice mandate, and/or enhanced indigent healthcare expenditures) $138,334,532
÷ This year's adjusted tax base $188,745,312,028
=This year's effective operating rate $0.073292/$100
x 1.08=this year's maximum operating rate $0.079155/$100
+ This year's debt rate $0.024986/$100
= This year's total rollback rate $0.104141/$100

Statement of Increase/Decrease

If Houston Community College adopts a 2016 tax rate equal to the effective tax rate of $0.099000 per $100 of value, taxes would increase compared to 2015 taxes by $3,200,532.

Schedule A - Unencumbered Fund Balance

The following estimated balances will be left in the unit's property tax accounts at the end of the fiscal year. These balances are not encumbered by a corresponding debt obligation.

Type of Property Tax Fund Balance
  0

Schedule B - 2016 Debt Service

The unit plans to pay the following amounts for long-term debts that are secured by property taxes. These amounts will be paid from property tax revenues (or additional sales tax revenues, if applicable).

Description of Debt Principal or Contract Payment to be Paid from Property Taxes Interest to be Paid from Property Taxes Other Amounts to be Paid Total Payment
Limited Tax Refunding Bonds, Series 2011 6,150,000 4,380,250 0 10,530,250
Limited Tax G.O. Bonds, Series 2013 3,995,000 17,461,328 0 21,456,328
Limited Tax Refunding Bonds, Series 2016 0 808,192 0 808,192
Maintenance Tax Notes, Series 2006 590,000 227,925 0 817,925
Maintenance Tax Notes, Series 2008 2,480,000 192,500 0 2,672,500
Maintenance Tax Notes, Series 2009 865,000 374,419 0 1,239,419
Maintenance Tax Notes, Series 2010 2,175,000 1,794,425 0 3,969,425
Maintenance Tax Notes, Series 2011 1,575,000 1,717,325 0 3,292,325
Maintenance Tax Notes, Series 2011A 785,000 801,325 0 1,586,325
Maintenance Tax Refunding Bonds, Series 2016 0 1,168,476 0 1,168,476

 

Total required for 2016 debt service $47,541,165
- Amount (if any) paid from Schedule A $0
- Amount (if any) paid from other resources $0
- Excess collections last year $0
= Total to be paid from taxes in 2016 $47,541,165
+ Amount added in anticipation that the unit will collect only 98.41% of its taxes in 2016 $768,118
= Total debt levy $48,309,283

This notice contains a summary of actual effective and rollback tax rates' calculations. You can inspect a copy of the full calculations at 3100 Main Street, 12th Floor, Houston TX 77002. Name of person preparing this notice: Teri Zamora Title: Sr. Vice Chancellor Finance and Administration Date Prepared: 09/01/2016

 

Truth in Taxation FAQ

What is the Effective Tax Rate?

The effective tax rate is a calculated rate that would provide the taxing unit with about the same amount of revenue it received in the year before on properties taxed in both years. If property values rise, the effective tax rate will go down and vice versa.

What is the Rollback Tax Rate?

The rollback rate provides the taxing unit with about the same amount of tax revenue from the previous year, plus an extra eight percent increase, in addition to sufficient funds to pay debts in the coming year.

Why must HCC hold two public hearing if the tax rate will not increase?

A taxing unit, other than a water district or small taxing unit which is covered by special provisions, must publish special notices and hold two public hearings before adopting a tax rate that exceeds the lower of the rollback rate or the effective tax rate.