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TARRANT COUNTY COLLEGE: Notice of Public Hearing on Tax Increase for 2020

Taxes

Tarrant County College issued the following announcement on Sept. 1

A tax rate of .13017 per $100 valuation has been proposed by the governing body of Tarrant County College.

  • Proposed Tax Rate: $0.130170 per $100
  • No-New Revenue Tax Rate: $0.129698 per $100
  • Voter-Approval Tax Rate: $0.149729 per $100
The no-new-revenue tax rate is the tax rate for the 2020 tax year that will raise the same amount of property tax revenue for Tarrant County College from the same properties in both the 2019 tax year and the 2020 tax year.

The voter-approval tax rate is the highest tax rate that Tarrant County College may adopt without holding an election to seek voter approval of the rate.

The proposed tax rate is greater than the no-new-revenue tax rate. This means that Tarrant County College is proposing to increase property taxes for the 2020 tax year.

Public Hearing Scheduled for September 17, 2020

A public hearing on the proposed tax rate will be held on September 17, 2020, at 6 p.m. at Tarrant County College Trinity River Campus in room TRTR 4202 at 300 Trinity River Campus Circle, Fort Worth, TX 76102.

The proposed tax rate is not greater than the voter-approval tax rate. As a result, Tarrant County College is not required to hold an election at which voters may accept or reject the proposed tax rate. However, you may express your support for or opposition to the proposed tax rate by contacting the members of the Tarrant County College District Board of Tarrant County College at their offices or by attending the public meeting mentioned above.

Your taxes owed under any of the above rates can be calculated as follows: property tax amount=(tax rate) X (taxable value of your property)/100

The members of the governing body voted on the proposed tax increase as follows:

For

  • Conrad Heede
  • Diane Patrick
  • Teresa Ayala
  • Gwendolyn Morrison
  • William Greenhill
  • Michael Evans
  • Kenneth Barr
Against

None.

Present and Not Voting

None.

Absent

None.

The 86th Texas Legislature modified the manner in which the voter-approval tax rate is calculated to limit the rate of growth of property taxes in the state.

The following table compares the taxes imposed on the average residence homestead by Tarrant County College last year to the taxes proposed to be imposed on the average residence homestead by Tarrant County College this year:

 20192020Change

Total Tax Rate (per $100 of value)$0.130170$0.130170Decrease of $0.000000 or 0.00%
Average homestead taxable value$218,983$222,898Increase of 1.78%
Tax on average homestead$285$290Increase of $5 or 1.78%
Total tax levy on all properties$249,589,701$250,192,598Increase of $602,897 or 0.24%

For assistance with tax calculations, please contact the tax assessor for Tarrant County College at 817-884-1100 or tax@tarrantcounty.com, or visit www.tarrantcounty.com for more information.

Original source can be found here.

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