Truth in Taxation

Tax Notices 2021

Notice of Adopted 2021 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 8.00 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $2.13.

The adopted tax rate is greater than the no-new-revenue rate. Houston Community College’s adopted total tax rate is reduced by 1.2% compared to last year’s tax rate.  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.

As shown in the chart below, the adopted tax rate of $0.099092 is the total of the Maintenance and Operations (M & O) tax rate of $0.081340 and the Debt Service tax rate of $ 0.017752.

 

 

Tax Rate

2021

Proposed Tax Rate

2020

Adopted Tax Rate

 

Difference

M&O $ 0.081340 $ 0.079205 $ 0.002135 2.7%
Debt 0.017752 0.021058 (0.003306) -15.7%
Total Rate $ 0.099092 $ 0.100263 $ (0.001171) -1.2%

 

The debt service tax rate is lower than last year’s rate as the principal and interest payments for fiscal year 2022 are lower than the amounts due in fiscal year 2021.  In contrast, the M & O tax rate is slightly higher than last year’s M &O rate.

 

Notice of Public Hearing on Tax Increase

A tax rate of $0.099092 per $100 valuation has been proposed by the governing body of Houston Community College.

 

PROPOSED TAX RATE $0.099092 per $100
NO-NEW-REVENUE TAX RATE $0.095133 per $100
VOTER-APPROVAL TAX RATE $0.099092 per $100

 

The no-new-revenue tax rate is the tax rate for the 2021 tax year that will raise the same amount of property tax revenue for Houston Community College from the same properties in both the 2020 tax year and the 2021 tax year.

The voter-approval rate is the highest tax rate that Houston Community College may adopt without holding an election to seek voter approval of the rate.

The proposed tax rate is greater than the no-new-revenue tax rate. This means that Houston Community College is proposing to increase property taxes for the 2021 tax year.

A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON October 6, 2021 AT 3:30 PM AT ADMINISTRATION BUILDING, 3100 MAIN STREET, 2ND FLOOR AUDITORIUM, HOUSTON, TX

The proposed tax rate is not greater than the voter-approval tax rate. As a result, Houston Community College is not required to hold an election at which voters may accept or reject the proposed tax rate. However, you may express your support for or opposition to the proposed tax rate by contacting the members of the Houston Community Board of Trustees of Houston Community College at their offices or by attending the public hearing mentioned above.

YOUR TAXES OWED UNDER ANY OF THE RATES MENTIONED ABOVE CAN BE CALCULATED AS FOLLOWS:

Property tax amount= (tax rate) x (taxable value of your property)/100

FOR the proposal:

Dr. John P. Hansen

Monica Flores Richart

Dr. Adriana Tamez

Eva L. Loredo

Dr. Reagan Flowers

Rhonda Skillern-Jones

Robert Glaser

Dr. Pretta VanDible Stallworth

AGAINST the proposal:   
PRESENT and not voting:   
ABSENT: Dr. Cynthia Lenton-Gary 

The 86th Texas Legislature modified the manner in which the voter-approval tax rate is calculated to limit the rate of growth of property taxes in the state.

Visit Texas.gov/PropertyTaxes to find a link to your local property tax database on which you can easily access information regarding your property taxes, including information about proposed tax rates and scheduled public hearings of each entity that taxes your property

The following table compares the taxes imposed on the average residence homestead by Houston Community College last year to the taxes proposed to be imposed on the average residence homestead by Houston Community College this year.

 

 20202021Change
Total tax rate (per
$100 of value)
$0.100263 $0.099092 decrease of -0.001171, or
-1.17%
Average homestead
taxable value
$253,344 $265,226 increase of 11,882, or
4.69%
Tax on average
homestead
$254.01 $262.82 increase of 8.81, or 3.47%
Total tax levy on all
properties
$215,530,523 $228,909,086 increase of 13,378,563, or
6.21%

 

For assistance with tax calculations, please contact the tax assessor for Houston Community College at 713- 718-8464 or , or visit www.hccs.edu for more information.

The proposed tax rate is greater than the no-new-revenue rate. Houston Community College’s proposed tax rate is 1.2% lower than last year’s tax rate. 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.

 

Notice About 2021 Tax Rates

Notice About 2021 Tax Rates

Property Tax Rates in Houston Community College

This notice concerns the 2021 property tax rates for Houston Community College. This noticeprovides information about two tax rates used in adopting the current tax year's tax rate. The no-new-revenue tax rate would Impose the same amount of taxes as last year if you compare propertiestaxed in both years. In most cases, the voter-approval tax rate is the highest tax rate a taxing unit canadopt without holding an election. In each case, these rates are calculated by dividing the totalamount of taxes by the current taxable value with adjustments as required by state law. The rates aregiven per $100 of property value.

 

This year's no-new-revenue tax rate: $0.095133/$100
This year's voter-approval tax rate: $0.099092/$100

 

To see the full calculations, please visit https://www.hccs.edu/about-hcc/truth-in-taxation/ for a copy of the Tax Rate Calculation Worksheet.

 

Unencumbered Fund Balance

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

Type of FundBalance
  0

 

Current Year Debt Service

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

Description of DebtPrincipal 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 General
Obligation Bonds, Series

6,290,000

379,750

0

6,669,750

2013
Limited Tax Refunding

0

699,700

0

699,700

Bonds, Series 2016
Limited Tax Refunding

0

1,499,300

0

1,499,300

Bonds, Series 2020
Limited Tax Refunding

7,055,000

2,160,725

0

9,215,725

Bonds, Series 2021A
Limited Tax Refunding

0

9,177,486

0

9,177,486

Bonds, Series 2021B
Maintenance Tax Refunding

2,650,000

1,017,000

0

3,667,000

Bonds, Series 2016
Maintenance Tax Refunding

4,010,000

1,312,000

0

5,322,000

Bonds, Series 2020
Maintenance Tax Refunding
Bonds, Series 2021A

2,510,000

1,445,400

0

3,955,400

 

Total required for 2021 debt service

$40,206,361

- Amount (if any) paid from funds listed in
unencumbered funds 

$0 

- Amount (if any) paid from other resources

$0 

- Excess collections last year

$0 

= Total to be paid from taxes in 2021

$40,206,361 

+ Amount added in anticipation that the unit will
collect only 98.04% of its taxes in 2021

$803,799 

= Total debt levy

$41,010,160

 


This notice contains a summary of actual no-new-revenue and voter-approval calculations ascertified by Marshall B. Heins, Interim Sr. Vice Chancellor of Finance & Administration/CFO onAugust 19, 2021

 

Tax Rate Information

Houston Community College
Tax Rates and Taxable Valuations

Tax YearFiscal YearMaintenance and OperationsDebt ServiceTotal Tax RateTaxable Assessed Value
2016 2016-2017 $  0.075277 $  0.024986 $  0.100263 $  193,339,074,426
2017 2017-2018 $   0.076652 $  0.023611 $  0.100263 $  200,293,148,122
2018 2018-2019 $  0.076751 $  0.023512 $  0.100263 $  203,020,604,127
2019 2019-2020 $  0.077832 $  0.022431 $  0.100263 $  211,806,878,420
2020 2020-2021 $  0.079205 $  0.021058 $  0.100263 $  224,723,075,150

 

Houston Community College
Budgeted Tax Revenues (In Millions)

Tax YearFiscal YearMaintenance and OperationsDebt ServiceTotal Budgeted Tax Revenue
2019 2019-2020 $  161,568 $  46,790 $  208,358
2020 2020-2021 $  161,778 $  46,397 $  208,175
2021 2021-2022 $  181,895 $  40,206 $  222,101

 

Approved Exemptions

Houston Community College
Approved Homestead Exemptions

Exemption TypeHistoricalCurrent Approved Tax Year 2021
Tax Year 2017Tax Year 2018Tax Year 2019Tax Year 2020
Over 65 or Disabled  $120,000 $120,000 $120,000 $120,000 $120,000
Homestead  $5,000 or 10% of appraised value (whichever is greater   $5,000 or 10% of appraised value (whichever is greater)  $5,000 or 15% of appraised value (whichever is greater)  $5,000 or 15% of appraised value (whichever is greater)  $5,000 or 15% of appraised value (whichever is greater) 

 

Houston Community College Board of Trustees

TrusteeDistrictAddressPhoneEmail

Trustee Monica Flores Richart

District I

3100 Main, 12th Floor, 12D13
Houston, Texas 77002

713.718.8398 monica.richart@hccs.edu

Trustee Rhonda Skillern-Jones

District II

3100 Main, 12th Floor, 12D13
Houston, Texas 77002

713.718.8398 rhonda.skillernjones@hccs.edu

Dr. Adriana Tamez

District III

3100 Main, 12th Floor, 12D13
Houston, Texas 77002

713.718.8398 adriana.tamez2@hccs.edu

Dr. Reagan Flowers

District IV

3100 Main, 12th Floor, 12D13
Houston, Texas 77002

713.718.8398 reagan.flowers@hccs.edu

Trustee Robert Glaser

District V

3100 Main, 12th Floor, 12D13
Houston, Texas 77002

713.718.8398 robert.glaser@hccs.edu

Dr. John P. Hansen

District VI

3100 Main, 12th Floor, 12D13
Houston, Texas 77002

713.718.8398 john.hansen@hccs.edu

Dr. Cynthia Lenton-Gary

District VII

3100 Main, 12th Floor, 12D13
Houston, Texas 77002

713.718.8398 cynthia.lentongary@hccs.edu

Trustee Eva L. Loredo

District VIII

3100 Main, 12th Floor, 12D13
Houston, Texas 77002

713.718.8398 eva.loredo@hccs.edu

Dr. Pretta VanDible Stallworth

District IX

3100 Main, 12th Floor, 12D13
Houston, Texas 77002

713.718.8398 pretta.vandible@hccs.edu 

 

 

Tax Notices 2020

Notice of Adopted 2020 Tax Rate

NOTICE OF ADOPTED 2020 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 7.48 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $1.

 

The proposed tax rate is greater than the no-new-revenue rate. Houston Community College’s adopted tax rate is the same as last year’s tax rate. 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.

As shown in the chart below, the adopted tax rate of $0.100263 is the total of the Maintenance and Operations (M & O) tax rate of $0.079205 and the Debt Service tax rate of $ 0.021058.

 

Tax Rate2020
Adopted Tax Rate
2019
Adopted Tax Rate
Difference
M&O $    0.079205 $    0.077832 $    0.001373 1.8%
Debt 0.021058 0.022431 (0.001373) -6.1%
Total Rate $    0.100263 $    0.100263 $    (0.000000) 0.0%

 

The debt service tax rate is lower than last year’s rate as the principal and interest payments for fiscal year 2021 are lower than the amounts due in fiscal year 2020. In contrast, the M & O tax rate is slightly higher than last year’s M &O rate.

 

Notice About 2020 Tax Rate

Property Tax Rates in Houston Community College

This notice concerns the 2020 property tax rates for Houston Community College. This notice provides information about two tax rates. The no-newrevenue tax rate would impose the same amount of taxes as last year if you compare properties taxed in both years. The voter-approval tax rate is the highest tax rate a taxing unit can adopt without holding an election. In each case, these rates are calculated by dividing the total amount of taxes by the current taxable value with adjustments as required by state law. The rates are given per $100 of property value.

This year's no-new-revenue tax rate: $0.094800

This year's voter-approval tax rate: $0.100647

 

To see the full calculations, please visit https://www.hccs.edu/about-hcc/truth-in-taxation/ for a copy of the Tax Rate Calculation Worksheets.


 

Unencumbered Fund Balances

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

Type of Fund

Balance

Current Year 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 upcoming 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
 
7,500,000 3,034,250 0 10,534,250
Limited Tax General
Obligation Bonds Series 2013
 
5,185,000 14,609,594 0 19,794,594
Limited Tax Refunding
Bonds Series 2016
 
0 699,700 0 699,700
Limited Tax Refunding
Bonds Series 2020
 
0 1,499,300 0 1,499,300
Maintenance Tax Notes
Series 2011
 
1,925,000 1,368,575 0 3,293,575
Maintenance Tax Notes
Series 2011A
 
935,000 651,400 0 1,586,400
Maintenance Tax
Refunding Bonds Series 2016
 
2,520,000 1,146,250 0 3,666,250
Maintenance Tax
Refunding Bonds Series 2020
 
3,815,000 1,507,625 0 5,322,625

 
Total required for 2020 debt service        46,396,694 
- Amount (if any) paid from funds listed in unencumbered funds       0
- Amount (if any) paid from other resources       0
- Excess collections last year       0
= Total to be paid from taxes in 2020       46,396,694
collect only 98.04% of its taxes in 2020       927,555
= Total debt levy       47,324,249

 

This notice contains a summary of the no-new-revenue and voter-approval calculations as certified by Janet Wormack, Ed.D., Senior Vice Chancellor of Finance & Administration and CFO on September 4, 2020.

Download the 2020 Tax Notice as a PDF

 

Tax Notices 2019

Notice of Adopted 2019 Tax Rate

he Houston Community College Board of Trustees, on Wednesday, September 4, 2019, adopted a tax rate of $0.100263 for tax year 2019. This tax rate is the same as the 2018 tax rate adopted by the Board of Trustees and less than the calculated 2019 Effective Tax Rate of $0.100679.

As shown in the chart below, the adopted tax rate of $0.100263 is the total of the Maintenance and Operations (M & O) tax rate of $0.077832 and the Debt Service tax rate of $0.022431

 

Tax Rate2019 Adopted Tax Rate2018 Adopted Tax RateDifference
M&O $ 0.077832 $ 0.076751 $ 0.001081
Debt 0.022431 0.023512 (0.001081)
Total Rate $ 0.100263 $ 0.100263 $ (0.000000)

 

Download the Tax Notice as PDF

 

 

2019 Property Tax Rates in Houston Community College

This notice concerns the 2019 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

$161,673,535

Last year's debt taxes

$49,527,278

Last year's total taxes

$211,200,813

Last year's tax base

$210,646,811,885

Last year's total tax rate

$0.100263/$100

 

This year's effective tax rate:

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

$209,559,578

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

$208,146,063,014

 = This year's effective tax rate
(Maximum rate unless unit publishes notices and holds hearings.)

$0.100679/$100

 

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)

$160,092,573

÷ This year's adjusted tax base

$208,146,063,014

=This year's effective operating rate

$0.076914/$100

x 1.08 = this year's maximum operating rate

$0.083067/$100

+ This year's debt rate

$0.022431/$100

= This year's total rollback rate

$0.105498/$100

 

Statement of Increase/Decrease

If Houston Community College adopts a 2019 tax rate equal to the effective tax rate of $0.100679 per $100 of value, taxes would increase compared to 2018 taxes by $2,044,234.


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 FundBalance
  0

 

Schedule B - 2019 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 Bond Series 2011

7,130,000

3,400,000

0

10,530,000

Limited Tax Bond Series 2013

4,180,000

16,822,819

0

21,002,819

Limited Tax Bond Series 2016

0

699,700

0

699,700

Maintenance Tax Note Series 2006

670,000

143,744

0

813,744

Maintenance Tax Note Series 2009

970,000

267,731

0

1,237,731

Maintenance Tax Note Series 2010

2,470,000

1,492,000

0

3,962,000

Maintenance Tax Note Series 2011

1,830,000

1,462,450

0

3,292,450

Maintenance Tax Note Series 2011A

885,000

696,900

0

1,581,900

Maintenance Tax Note Series 2016

2,400,000

1,269,250

0

3,669,250

 

Total required for 2019 debt service

$46,789,594

- 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 2019

$46,789,594

+ Amount added in anticipation that the unit will collect only 98.48% of its taxes in 2019

$722,179

= Total debt levy

$47,511,773

 

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:

Carin Hutchins
Title: AVC Finance & Accounting
Date Prepared: 08/28/2019

 

Tax Notices 2018

Notice of Adopted 2018 Tax Rate

The Houston Community College Board of Trustees, on Wednesday, October 3, 2018, adopted a tax rate of $0.100263 for tax year 2018. This tax rate is the same as the 2017 tax rate adopted by the Board of Trustees and less than the calculated 2018 Effective Tax Rate of $0.103082.

As shown in the chart below, the adopted tax rate of $0.100263 is the total of the Maintenance and Operations (M & O) tax rate of $0.076751 and the Debt Service tax rate of $0.023512.

Tax Rate2018 Tax Rate Proposed2017 Tax Rate CurrentDifference
M & O $ 0.076751 $ 0.076652 $ 0.000099
Debit $ 0.023512 $ 0.023611 $ (0.000099)
Total $ 0.100263 $ 0.100263 $ (0.000000)

 

Tax Notices 2017

Notice of Adopted 2017 Tax Rate

The Houston Community College Board of Trustees, in a special meeting on Thursday, October 12, 2017, adopted a tax rate of $0.100263 for tax year 2017. This tax rate is the same as the 2016 tax rate adopted by the Board of Trustees and less than the calculated 2017 Effective Tax Rate of $0.101130.

As shown in the chart below, the adopted tax rate of $0.100263 is the total of the Maintenance and Operations (M & O) tax rate of $0.076652 and the Debt Service tax rate of $0.023611.

 Tax Rate

2017 Adopted Tax Rate

2016 Adopted Tax Rate

Increase
(Decrease)

% Increase
(Decrease)

M & O

$0.076652

$0.075277

$0.001375

1.8%

Debt

$0.023611

$0.024986

$(0.001375)

-5.5%

Total

$0.100263

$0.100263

$0.000000

0.0%

The debt service tax rate is lower than last year’s rate as the principal and interest payments for fiscal year 2017 are lower than the amounts due in fiscal year 2016.  In contrast, the M & O tax rate is slightly higher than last year’s M &O rate.  In compliance with the Chapter 26, Tax Code we are providing notice to the public that THE 2017 M & O TAX RATE ADOPTED WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE.

THE TAX RATE WILL EFFECTIVELY BE RAISED BY 1.03 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $1.37. 

 

Notice of 2017 Proposed Tax Rate

Houston Community College Notice of 2017 Proposed Tax Rate

The Houston Community College Board of Trustees, on Thursday, September 7, 2017, voted to approve the proposed tax rate of $0.100263 for tax year 2017. The proposed tax rate is the same tax rate as last year’s 2016 tax rate and less than the calculated 2017 Effective Tax Rate of $0.101130. In accordance with Chapter 26 of the property tax code, if the total tax rate proposed does not exceed the calculated Effective Tax Rate for 2017 then no public hearings are required.

The Board of Trustees is scheduled to adopt the tax rate on Thursday, October 12, 2017 at 3:30 p.m. at the HCC Administration Building, 3100 Main Street, 2nd Floor Auditorium.

As shown in the chart below, the proposed tax rate of $0.100263 is the total of the proposed Maintenance and Operations (M & O) tax rate of $0.076652 and the Debt Service tax rate of $0.023611.

 

Tax Rate
2017 Tax Rate
Proposed
2016 Tax Rate
Current
Increase
(Decrease)
% Increase
(Decrease)
M & O $0.076652 $0.075277 $0.001375 1.8%
Debt $0.023611 $0.024986 $(0.001375) -5.5%
Total $0.100263 $0.100263 $0.000000 0.0%

 

Total tax revenues from properties on the tax roll in the preceding tax year will decrease by -0.86 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 decrease at a greater or lesser rate, or even increase, 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 average taxable value of a residence homestead in Houston Community College last year was $265,776. Based on last year's tax rate of $0.100263 per $100 of taxable value, the amount of taxes imposed last year on the average home was $266.47.

The average taxable value of a residence homestead in Houston Community College this year is $287,832. If the governing body adopts the effective tax rate for this year of $0.101130 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $291.08.


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 $288.59.


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

FOR:

Eva Loredo

Carolyn Evans-Shabazz

 

Neeta Sane

Zeph Capo

 

Robert Glaser

John Hansen

 

Adriana Tamez

 

AGAINST:

Dave Wilson

 

PRESENT and not voting:

None

 

ABSENT:

Christopher Oliver

 

 

Effective and Rollback Tax Rate Calculations

2017 Property Tax Rates in Houston Community College

This notice concerns the 2017 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 $149,657,532
Last year's debt taxes $49,674,443
Last year's total taxes $199,331,975
Last year's tax base $198,809,107,048
Last year's total tax rate $0.100263/$100
This year's effective tax rate:
 
Last year's adjusted taxes (after subtracting taxes on lost property) $197,980,939
÷ This year's adjusted tax base (after subtracting value of new property) $195,767,586,722
= This year's effective tax rate $0.101130/$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) $148,528,332
÷ This year's adjusted tax base $195,767,586,722
= This year's effective operating rate $0.075870/$100
x 1.08=this year's maximum operating rate $0.081939/$100
+ This year's debt rate $0.023611/$100
= This year's total rollback rate $0.105550/$100

 

Statement of Increase/Decrease

If Houston Community College adopts a 2017 tax rate equal to the effective tax rate of $0.101130 per $100 of value, taxes would increase compared to 2016 taxes by $3,224,486.

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 - 2017 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 2011  6,455,000 4,078,875 0 10,533,875 
Limited Tax Bonds Series 2013  3,580,000 17,206,519 0 20,786,519 
Limited Tax Bonds Series 2016 0 699,700 0 699,700 
Maintenance Tax Notes Series 2006  615,000 197,066 0 812,066
Maintenance Tax Notes Series 2008  2,610,000  65,250   0 2,675,250 
Maintenance Tax Notes Series 2009  890,000   347,538   0 1,237,538 
Maintenance Tax Notes Series 2010   2,285,000 1,705,775  0 3,990,775  
Maintenance Tax Notes Series 2011  1,655,000   1,636,575  0  3,291,575 
Maintenance Tax Notes Series 2011A  815,000   769,325  0 1,584,325
Maintenance Tax Notes Series 2016    0 1,443,500   0 1,443,500  

 

 

Total required for 2017 debt service 

$47,055,123

- 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 2017  

$47,055,123 

+ Amount added in anticipation that the unit will collect only 99.50% of its taxes in 2017 

$236,458 
= Total debt levy  $47,291,581 

 

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 & Administration
Date Prepared: 08/24/2017

 

Truth in Taxation FAQ

Texas 86th Legislative Truth-in-Taxation (TNT) Changes

During the 86th Texas legislative session, the Truth-in-Taxation guidelines were updated.

Click here for a brief overview of the guidelines.

 

New Language:

  • Special Taxing Unit: Community Colleges now fall into this category
  • The effective tax rate is now entitled the no-new-revenue rate (NNRR)
  • The rollback tax rate is now entitled the voter-approval-rate (VAR).

 

What is a Special Taxing Unit?

New entity type (Special Taxing Unit):
Includes junior college districts
  • Special Taxing Units can still use the 8% trigger for voter-approval elections
  • Adopting a tax rate above the voter-approval rate automatically triggers an election (no voter petition required)
  • The De minimis tax rate does not apply to Special Taxing Units

 

What is the No New Revenue Rate (NNRR)?

The no-new-revenue-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 NNRR will go down and vice versa.

 

What is the Voter Approval Rate (VAR)?

The voter approval rate is a tax rate that 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 bond obligations funded by taxes in the coming year. It is the highest tax rate a taxing unit can adopt without holding an election.

 

When is HCC required to hold a public hearing?

If the proposed tax rate exceeds or is greater than the NNRR or VAR, then HCC must hold one public hearing/meeting. The tax rate can be adopted after the public hearing but must be adopted within 7 days.

The governing body of a taxing unit other than a school district may not adopt a tax rate that exceeds the lower of the voter-approval tax rate or the no-new-revenue tax rate calculated as provided by this chapter until the governing body has held a public hearing on the proposed tax rate and has otherwise complied with Section 26.06 and Section 26.065.

 

What adopted tax rate triggers an election or petition?

The adopted tax rate is:

BELOW voter-approval tax rate → No election required

ABOVE voter-approval tax rate → Election required