Board of Trustees Adopts 2012-13 Property Tax Rate

The Austin Community College District Board of Trustees adopted the 2012-13 (FY2013) property tax rate at its September meeting. The rate is $0.0951 (approximately 9 and a half cents) per $100 valuation.

The rate is 0.3 percent above the FY2012 rate, but the average residential tax bill will go down by almost a dollar.

The board set this year’s standard homestead exemption at one percent of the home’s value or $5,000, whichever is greater. The exemption for seniors or homeowners with disabilities is an additional $115,000. It is among the most generous exemptions in the region.

“ACC’s work would not be possible without our taxpayers, and the college is committed to delivering an outstanding return on your investment,” says Dr. Barbara Mink, chair of the Board of Trustees. “With your support, we are able to serve about 45,000 credit students each semester and provide the lowest-cost college education in the Central Texas area.”

The board also approved partial tax exemptions for FY2013 for properties designated as historical landmarks. Municipalities within the ACC District that participate in historical landmark programs include the cities of Austin and Round Rock.

The maintenance and operations portion of the tax rate is $0.09, a cap that cannot increase without voter approval. It funds instructional programs, student support services, and facility maintenance, among other things.

The FY2013 tax rate also includes $0.0051 for debt service. The debt service rate fluctuates on an annual basis depending on the amount of revenue needed to cover the debt service payment. ACC’s recent tax rate history is as follows:

FY2013Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $ 0.0951

FY2012Â Â Â Â Â Â Â Â Â Â Â Â Â Â $ 0.0948

FY2011Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $ 0.0951

FY2010Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $ 0.0946

FY2009Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $ 0.0954

FY2008Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $ 0.0958

The ACC taxing district includes the city of Austin as well as the Austin, Leander, Manor, Del Valle, Round Rock, Elgin, and Hays school districts.

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