Tax Notices

Effective and Rollback Tax Rate Calculations

2015 Property Tax Rates in Houston Community College

This notice concerns the 2015 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

$127,089,579

    Last year's debt taxes

$49,207,937

    Last year's total taxes

$176,297,516

    Last year's tax base

$164,933,591,543

    Last year's total tax rate

$0.106890/$100

This year's effective tax rate:

 

    Last year's adjusted taxes
    (after subtracting taxes on lost property)

$174,916,830

   ÷ This year's adjusted tax base
    (after subtracting value of new property)

$175,627,923,638

   =This year's effective tax rate

$0.099595/$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)

$125,797,672

   ÷ This year's adjusted tax base

$175,627,923,638

   =This year's effective operating rate

$0.071627/$100

    x 1.08=this year's maximum operating rate

$0.077357/$100

    + This year's debt rate

$0.026311/$100

    = This year's total rollback rate

$0.103668/$100

Statement of Increase/Decrease
If Houston Community College adopts a 2015 tax rate equal to the effective tax rate of $0.099595 per $100 of value, taxes would increase compared to 2014 taxes by $2,794,067.

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 - 2015 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 Bond, Series 2011

5,865,000

4,666,875

0

10,531,875

Limited Tax G.O. Bonds, Series 2013

3,015,000

18,553,244

0

21,568,244

Maintenance Tax Notes, Series 2006

570,000

321,250

0

891,250

Maintenance Tax Notes, Series 2008

2,360,000

1,811,464

0

4,171,464

Maintenance Tax Notes, Series 2009

835,000

404,094

0

1,239,094

Maintenance Tax Notes, Series 2010

2,090,000

1,890,600

0

3,980,600

Maintenance Tax Notes, Series 2011

1,505,000

1,786,800

0

3,291,800

Maintenance Tax Notes, Series 2011A

750,000

832,025

0

1,582,025

  Total required for 2015 debt service

$47,256,352

 

- 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 2015

$47,256,352

 

+ Amount added in anticipation that the unit will collect only 99.88% of its taxes in 2015

$56,776

 

= Total debt levy

$47,313,128

 

             

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 St., Houston, TX 77002.
Name of person preparing this notice: Teri Zamora  
Title: Vice Chancellor Finance & Planning
Date Prepared: 09/02/2015 

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 2.36 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, 2015 at 3:30 p.m. at HCC Administration Building, 3100 Main Street, 2nd Floor Auditorium. The second public hearing will be held on October 1, 2015 at 3:30 p.m. 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: Robert Glaser
Sandie Mullins
Dave Wilson

Eva L. Loredo
Dr. Carolyn Evans-Shabazz

AGAINST: Zeph Capo Neeta Sane
PRESENT and not voting:    
ABSENT: Christopher W. Oliver Dr. Adriana Tamez
     

  
The average taxable value of a residence homestead in Houston Community College last year was $173,076. Based on last year's tax rate of $0.106890 per $100 of taxable value, the amount of taxes imposed last year on the average home was $185.00. The average taxable value of a residence homestead in Houston Community College this year is $196,764. If the governing body adopts the effective tax rate for this year of $0.099595 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $195.97. If the governing body adopts the proposed tax rate of $0.101942 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $200.59. Members of the public are encouraged to attend the hearings and express their views.

Notice of Adopted 2015 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 5.59 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $-1.43.

*Note: The total tax rate adopted for 2015 is $0.101942 which is 4.6% less than the previous year’s tax rate of $0.106890. To comply with Chapter 26 of the property tax code, because the total tax rate exceeds the total Effective Tax Rate for 2015, two public hearings were held. The 2015 tax rate for maintenance and operations is $0.075631 per $100 of assessed valuation. The debt service tax rate is $0.026311 per $100 of assessed valuation.

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.