San Jacinto College Board of Trustees approves tax rate
PASADENA, Texas – At the regularly scheduled meeting of the San Jacinto College Board of Trustees on Monday, Oct. 5, 2009, Board members adopted the 2009 tax rates for the College District.
The Board voted to approve a total tax rate of 17.0800 cents per $100 valuation, which is lower than the effective tax rate of 17.0806 cents. The rate is made up of an assessment for operations (11.4293 cents) and a separate assessment for principal and interest due (5.6507 cents) during the coming year on outstanding general obligation bonds. Based on certified property valuations and the approved tax rate, operating revenue for the 2009-2010 fiscal year is estimated to decrease by approximately $1.4 million and debt service revenue is expected to increase by approximately $3.3 million due to the sale of bonds for construction projects as approved by voters in May 2008. Much of the infrastructure, needs assessment, and design work for science, allied health, and transportation center buildings is underway and the College plans to break ground on these projects beginning in the first quarter of 2010.
Property owners may see an increase in their tax bills if the taxable appraised value of their property increased from 2008 to 2009. However, senior citizens and taxpayers eligible for the disability exemption will not experience an increase. In June 2009, the District’s Board of Trustees authorized a $20,000 increase (from $102,500 to $122,500) in the over 65 and disability exemptions.
San Jacinto College serves more than 27,000 students in over 140 degrees and certificates in university transfer and technical programs. The College also serves the community through workforce training. Students come with various goals and aspirations and we are committed to their success. San Jacinto College. Your Goals. Your College.
For more information about San Jacinto College, visit www.sanjac.edu or call 281-998-6150.