Board of Trustees approves 2017 property tax rates
10.03.2017 | By Amanda Fenwick
PASADENA, Texas – The San Jacinto College Board of Trustees approved the 2017 ad valorem property tax rate for the College District during its regularly scheduled meeting on Monday, Oct. 2, 2017.
The rate approved by the Board is 18.3335 cents per $100 valuation of taxable property located within the San Jacinto Community College District, which is approximately $0.001 above the year prior rate. It is comprised of an assessment for maintenance and operations (12.8828 cents) and a separate assessment for principal and interest due (5.4507 cents) during the coming year on outstanding general obligation bonds.
“The Board of Trustees understands the impact that a tax increase has on our community, as each of us are taxpayers in the district as well,” said Mrs. Marie Flickinger, San Jacinto College Board of Trustees Chair. “This rate is a slight increase over last year, and is the same as the calculated effective rate for 2017.”
Based on certified property tax values for 2017 from the Harris County Appraisal District (HCAD), the adopted maintenance and operating tax rate is adequate to support the budgeted operating tax revenues of $66.74 million, which represents approximately 39.5 percent of the College’s unrestricted operating revenue budget for the fiscal year 2017-2018. San Jacinto College, like other Texas community colleges, is primarily funded based on three major revenue sources: property taxes, state appropriations, and tuition and fees.
The average taxable value of a residence homestead in San Jacinto Community College District this year is $104,959. With the adopted rate of $0.183335 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $192.43.
About San Jacinto College
Surrounded by monuments of history, industries and maritime enterprises of today, and the space age of tomorrow, San Jacinto College has been serving the citizens of East Harris County, Texas, since 1961. As a fiscally sound institution, the College currently holds bond ratings of AA and Aa2 by Standard & Poor’s and Moody’s, respectively. San Jacinto College is a 2017 Aspen Prize for Community College Excellence Rising Star Award recipient and an Achieving the Dream Leader College. Approximately 45,000 credit and non-credit students each semester benefit from a support system that maps out a pathway for success. The College offers eight areas of study that prepare a diverse body of students to transfer to four-year colleges or universities or enter the workforce with the skills needed to support the growing industries along the Texas Gulf Coast. San Jacinto College graduates contribute nearly $690 million each year to the Texas workforce.