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Financial Impact

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San Jacinto College is committed to providing affordable, high quality academic and workforce training programs. The College is committed to its role of being good stewards of taxpayer funds by maintaining the highest standards of fiscal reporting and employing good business practices.

Community colleges in Texas are funded differently than public four-year colleges and universities, which receive a designated portion from the state for facilities. Community college funding comes from student tuition and fees, state funding based on performance measures, and property taxes. Our property taxes have the following components: 1) general maintenance and operations; and 2) debt service to support construction and facility enhancements. Maintaining a low tax rate for taxpayers in the San Jacinto College District is a priority for the College. For the last four years, San Jacinto College has maintained the same low tax rate, at 18.6 cents per $100 valuation, for its citizens.

The proposed bond referendum would have no more than a 3 cent increase to most taxpayers in the College's taxing district, while most senior citizens would not experience a tax increase. The following information outlines the proposal.

2015 Bond Proposal Master Plan

Project totals: $425 million

Projects Central North South Maritime Phase II
Facility
Needs

 
Total
New Construction 116,205,000 22,845,000 50,198,000     189,248,000
Renovation 42,190,000 33,928,000 46,758,000     122,876,000
Infrastructure 12,322,000 23,072,000 19,482,000     54,876,000
College
Development
and Assessment
      28,000,000 30,000,000 58,000,000
2015 Bond Total 170,717,000 79,845,000 116,438,000 28,000,000 30,000,000 425,000,000

*Does not include construction currently in progress (Center for Industrial Technology, new library)

San Jacinto College Tax Rate History

(per $100 of valuation)

The San Jacinto College taxing district includes the Channelview, Deer Park, Galena Park, La Porte, Pasadena, and Sheldon Independent School Districts as well as a portion of Humble and Pearland ISDs.

Fiscal Year Operating Tax Rate Debit Service Tax Rate Total
2014-2015 $0.127 $0.059 $0.186
2013-2014 $0.126 $0.060 $0.186
2012-2013 $0.122 $0.064 $0.186
2011-2012 $0.119 $0.067 $0.186
2010-2011 $0.114 $0.062 $0.176

Financial Impact on Homeowners

Assessed Value Homestead Exemption** Taxable Assessed Value Maximum Rate Increase Maximum Annual Increase Maximum Monthly Increase
$100,000 $5,000 $95,000 $0.03 $28.50 $2.38
$150,000 $5,000 $145,000 $0.03 $43.50 $3.63
$200,000 $5,000 $195,000 $0.03 $58.50 $4.88
$250,000 $5,000 $245,000 $0.03 $73.50 $6.13

Senior Citizens and Disabled Taxpayers

Assessed Value Homestead Exemption** Add'l Exemption over 65 or Disabled** Taxable Assessed Value Maximum Rate Increase Maximum Annual Increase Maximum Monthly Increase
up to $132,500 $5,000 $127,500 - $0.03 - -
$150,000 $5,000 $127,500 $17,500 $0.03 $5.27 $0.44
$200,000 $5,000 $127,500 $67,500 $0.03 $20.25 $1.69
$250,000 $5,000 $127,500 $117,500 $0.03 $35.25 $2.94

** A homeowner is eligible for a Homestead or Disability Exemption in accordance with provisions of the Texas Property Tax Code and must apply for the exemption with the Harris County Appraisal District. San Jacinto College’s practice has been to mitigate the tax impact on our senior citizens and disabled by increasing the tax exemption for these citizens. San Jacinto College intends to continue this practice.