Board of Trustees approves 2020 property tax rate

 

PASADENA, Texas — The San Jacinto College Board of Trustees approved the 2020 ad valorem property tax rate for the College District during its regularly scheduled meeting on Monday, Oct. 5, 2020.

The rate approved by the Board is 16.9358 cents per $100 valuation of taxable property located within the San Jacinto Community College District, which is approximately $0.008 below the year prior rate. It is comprised of an assessment for maintenance and operations (11.1738 cents) and a separate debt service tax rate (5.7620 cents).

“As taxpayers ourselves, the Board of Trustees understands the impact that any tax increase at this time could have on our communities, so it was important that we look at a tax rate that would not increase the burden on our taxpayers, yet generate the same amount of revenue as the previous year. This no-new-revenue tax rate does that,” said Mrs. Marie Flickinger, San Jacinto College Board of Trustees Chair.

The no-new-revenue tax rate is less than last year’s total tax rate because the College’s certified tax values increased from 2019 to 2020. The debt tax rate is slightly lower than last year’s rate due to the refinancing of general obligation bonds in Fiscal Year 2019.

The average taxable value of a residence homestead in San Jacinto Community College District this year is $129,366. With the adopted rate of 16.9358  cents per $100 of taxable value, the amount of taxes imposed this year on the average home would be $219.

About San Jacinto College

Surrounded by monuments of history, evolving industries, maritime enterprises of today, and the space age of tomorrow, San Jacinto College has served the citizens of East Harris County, Texas, since 1961. San Jacinto College is among the top 10 community colleges in the nation as designated by the Aspen Institute for Community College Excellence, and was named an Achieving the Dream Leader College of Distinction in 2020. The College serves approximately 45,000 credit and non-credit students annually, and offers more than 200 degrees and certificates across eight major areas of study that put students on a path to transfer to four-year institutions or enter the workforce. San Jacinto College’s impact on the region totals $1.3 billion in added income, which supports 13,044 jobs. The College is fiscally sound, holding bond ratings of AA and Aa2 by Standard & Poor’s and Moody’s.

For more information about San Jacinto College call 281-998-6150, visit sanjac.edu or join the conversation on Facebook and Twitter.