Tax Notices

Notice of Adopted Tax Rate

Houston Community College ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE.

THE TAX RATE WILL EFFECTIVELY BE RAISED BY 2.59 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $-2.61.

*Note: The total tax rate for 2013 is the same as the previous year’s tax rate of $0.097173. To comply with Chapter 26 of the property tax code, because the tax rate exceeds the Effective Tax Rate for 2013, two public hearings were held. The 2013 tax rate for maintenance and operations is $0.077055 per $100 of assessed valuation. The debt service tax rate is $0.020118 per $100 of assessed valuation.

Notice of Tax Revenue Increase

The Houston Community College conducted public hearings on October 1, 2013 and October 10, 2013 on a proposal to increase the total tax revenues of the Houston Community College from properties on the tax roll in the preceding year by 5.90 percent.

The total tax revenue proposed to be raised last year at last year's tax rate of $0.097173 for each $100 of taxable value was $130,999,085.

The total tax revenue proposed to be raised this year at the proposed tax rate of $0.097173 for each $100 of taxable value, excluding tax revenue to be raised from new property added to the tax roll this year, is $137,431,578.

The total tax revenue proposed to be raised this year at the proposed tax rate of $0.097173 for each $100 of taxable value, including tax revenue to be raised from new property added to the tax roll this year, is $139,359,741.

The Houston Community College is scheduled to vote on the tax rate that will result in that tax increase at a public meeting to be held on October 17, 2013 at HCC Administration Building, 3100 Main St., 2nd Floor Auditorium at 4:00 pm.

Notice of Public Hearing on Tax Increase

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 5.90 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 October 1, 2013 at 4:00 pm at HCC Administration Building, 3100 Main St., 2nd Floor, Seminar Room A.

The second public hearing will be held on October 10, 2013 at 3:30 pm at HCC Administration Building, 3100 Main St., 2nd Floor, Seminar Room A.

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

FOR:

Bruce A. Austin, Chair

Sandie Mullins, Vice Chair

Eva Loredo, Secretary

Yolanda Navarro Flores

Herlinda Garcia

Carroll G. Robinson

Neeta Sane

AGAINST:

PRESENT and not voting:

ABSENT:

Leila Feldman

Christopher W. Oliver

The average taxable value of a residence homestead in Houston Community College last year was $154,196. Based on last year's tax rate of $0.097173 per $100 of taxable

value, the amount of taxes imposed last year on the average home was $149.84.  The average taxable value of a residence homestead in Houston Community College this year is $158,043. If the governing body adopts the effective tax rate for this year of $0.091756 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $145.01.

If the governing body adopts the proposed tax rate of $0.097173 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $153.58.  Members of the public are encouraged to attend the hearings and express their views.

Effective and Rollback Tax Rate Calculations

2013 Property Tax Rates in Houston Community College

This notice concerns the 2013 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. 

List year's tax rate:

Last year's operating taxes

$107,407,306

Last year's debt taxes

$23,591,779

Last year's total taxes

$130,999,085

Last year's tax base

$134,810,168,462

Last year's total tax rate

$0.097173/$100

This year's effective tax rate:

Last year's adjusted taxes

(after subtracting taxes on lost property)

$129,770,670

÷ This year's adjusted tax base

(after subtracting value of new property)

$141,429,798,657

=This year's effective tax rate

$0.091756/$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)

$106,230,155

÷ This year's adjusted tax base

$141,429,798,657

=This year's effective operating rate

$0.075112/$100

x 1.08=this year's maximum operating rate

$0.081120/$100

+ This year's debt rate

$0.020118/$100

= This year's total rollback rate

$0.101238/$100



Statement of Increase/Decrease

If Houston Community College adopts a 2013 tax rate equal to the effective tax rate of

$0.091756 per $100 of value, taxes would increase compared to 2012 taxes by $591,917.

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 - 2013 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 Bonds, Series

2003

455,000

11,375

0

 

466,375

Limited Tax Refunding

Bonds, Series 2011

6,760,000

5,173,100

0

 

11,933,100

Maintenance Tax Notes,

Series 2006

525,000

364,950

0

 

889,950

Maintenance Tax Notes,

Series 2008

2,170,000

2,004,064

0

 

4,174,064

Maintenance Tax Notes,

Series 2009

775,000

464,619

0

 

1,239,619

Maintenance Tax Notes,

Series 2010

1,935,000

2,051,500

0

 

3,986,500

Maintenance Tax Notes,

Series 2011

1,395,000

1,899,113

0

 

3,294,113

Maintenance Tax Notes,

Series 2011A

695,000

889,925

0

 

1,584,925

PFC Lease Revenue Bonds,

Series 2006

0

1,283,572

0

 

1,283,572

Total required for 2013 debt service

 

 

$28,852,218

- 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 2013

 

 

$28,852,218

+ Amount added in anticipation that the unit will collect only 100.00% of its taxes in 2013

 

 

 

 

$0

= Total debt levy

 

 

 

$28,852,218

 

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, Houston, Texas 77002.

Name of person preparing this notice: Renee Byas

Title: Acting Chancellor

Date Prepared: 09/10/2013

Truth in Taxation FAQ

Will HCC increase the tax rate for 2013?

No. There will be no increase to the current tax rate for 2013. The tax rate adopted by the Board of Trustees in 2012 is $0.097173. As presented to the community during the bond election process, HCC will not increase the current tax rate for tax year 2013. The tax rate will remain at $0.097173 for 2013, which is the current tax rate adopted by the HCC Board of Trustees in 2012. (See Attachment A for rate comparison by home value)

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.