{"id":46577,"date":"2023-08-22T15:45:41","date_gmt":"2023-08-22T20:45:41","guid":{"rendered":"https:\/\/sites.austincc.edu\/newsroom\/?p=46577"},"modified":"2023-08-22T15:45:42","modified_gmt":"2023-08-22T20:45:42","slug":"acc-trustees-proposed-new-tax-rate-for-2023-24","status":"publish","type":"post","link":"https:\/\/sites.austincc.edu\/newsroom\/2023\/08\/22\/acc-trustees-proposed-new-tax-rate-for-2023-24\/","title":{"rendered":"ACC Trustees proposed new tax rate for 2023-24"},"content":{"rendered":"<p>The Austin Community College District (ACC) Board of Trustees has proposed the tax rate for the college for 2023-24.&nbsp;<\/p>\n<p>The tax rate of $0.0986 (9.86 cents) per $100 valuation consists of $0.0854 for Maintenance and Operation and $0.0132 for Debt Service.&nbsp;<\/p>\n<p>If the proposed rate is approved, the annual amount of taxes imposed on an average home within the ACC district valued at approximately $504,461 would be $497 for the year.<\/p>\n<p>A public hearing on the proposed tax rate will be held during the board\u2019s September 18 meeting.<\/p>\n<p><a href=\"http:\/\/www.austincc.edu\/propertytaxes\" target=\"_blank\" rel=\"noopener\">ACC provides the following property tax exemptions for homeowners<\/a>:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Homestead exemption<\/strong>: ACC provides a $5,000 homestead exemption to all residential taxpayers (or 1% of property value, whichever is greater).<\/li>\n<\/ul>\n<ul class=\"wp-block-list\">\n<li><strong>Exemption for seniors (65+) and homeowners with disabilities: <\/strong>The college also provides an additional $75,000 exemption for seniors and homeowners with disabilities, for a total homestead exemption of $80,000.00.&nbsp;<\/li>\n<\/ul>\n<ul class=\"wp-block-list\">\n<li><strong>Tax Freeze for seniors (65+) and homeowners with disabilities: <\/strong>In 2021, the ACC Board of Trustees enacted a tax ceiling\/freeze for seniors and homeowners with disabilities. The ceiling freezes ACC taxes at the amount paid in the year that you qualify for the exemption. The college taxes on a home may go below the ceiling, but not above.<\/li>\n<\/ul>\n<p>Contact<a href=\"https:\/\/drive.google.com\/file\/d\/1rXzFcrIZybSBwlBS1Y4oA-aYI-KpT5uF\/view?usp=sharing\" target=\"_blank\" rel=\"noopener\"> your county&#8217;s taxing district<\/a> for information on how to apply for the exemption or to verify that the exemption is being applied.<\/p>\n<p><strong>Annual Budget<\/strong><\/p>\n<p>About 68 percent of ACC\u2019s annual budget comes from its property tax revenue. Other funding is through student tuition and fees and state funding.&nbsp;<\/p>\n<p>In July, ACC Board of Trustees approved a $491 million budget for fiscal year 2023-24. The budget includes funds for the operation of new facilities and raises for all employees.<\/p>\n<p>Tuition and fees continue to remain unchanged for the tenth straight year and remain at just $67 per credit hour for in-district students.\u00a0<\/p>\n<p>For more information about the college\u2019s budget and tax rate, visit the <a href=\"https:\/\/www.austincc.edu\/offices\/finance-and-administration\/property-taxes#:~:text=Exemption%20for%20seniors%20(65%2B),of%20%24185%2C000%20for%20those%20taxpayers.\" target=\"_blank\" rel=\"noopener\">ACC Property Taxes webpage<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Austin Community College District (ACC) Board of Trustees has proposed the tax rate for the college for 2023-24.&nbsp; The tax rate of $0.0986 (9.86 cents) per $100 valuation consists of $0.0854 for Maintenance and &hellip; <a href=\"https:\/\/sites.austincc.edu\/newsroom\/2023\/08\/22\/acc-trustees-proposed-new-tax-rate-for-2023-24\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3930,"featured_media":46465,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12,13,15,17,18],"tags":[2172,2195,2049,274,383,1966,2338],"class_list":["post-46577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-and-community","category-current-students","category-facstaff-news","category-news-and-announcements","category-official-acc-press-releases","tag-acc-board","tag-acc-board-of-trustees","tag-board-meeting","tag-board-of-trustees","tag-budget","tag-exemptions","tag-property-taxes"],"acf":[],"_links":{"self":[{"href":"https:\/\/sites.austincc.edu\/newsroom\/wp-json\/wp\/v2\/posts\/46577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.austincc.edu\/newsroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sites.austincc.edu\/newsroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sites.austincc.edu\/newsroom\/wp-json\/wp\/v2\/users\/3930"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.austincc.edu\/newsroom\/wp-json\/wp\/v2\/comments?post=46577"}],"version-history":[{"count":0,"href":"https:\/\/sites.austincc.edu\/newsroom\/wp-json\/wp\/v2\/posts\/46577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sites.austincc.edu\/newsroom\/wp-json\/wp\/v2\/media\/46465"}],"wp:attachment":[{"href":"https:\/\/sites.austincc.edu\/newsroom\/wp-json\/wp\/v2\/media?parent=46577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.austincc.edu\/newsroom\/wp-json\/wp\/v2\/categories?post=46577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.austincc.edu\/newsroom\/wp-json\/wp\/v2\/tags?post=46577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}