The Central Texas College Board of Trustees will hold two public hearings on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 7.864302 percent (percentage by which proposed tax rate exceeds lower of rollback tax rate or effective tax calculated under Chapter 26, Tax Code). Individual taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted.

The first public hearing is next Tuesday August 15 at 1 p.m. in the board room of the Anderson Campus Center (Bldg. 156). The second public hearing is Tuesday, August 22 at 11:30 a.m. in the same location.

The members of the Board of tTrustees  voted on the proposal to consider the tax increase as follows:
For: Mari Meyer, Jimmy Towers, Dr. Scott Isdale, Elwood H Shemwell, Bill Beebe
Against: BG (RET) Rex Weaver, Don Armstrong
Present and not voting: None
Absent: None

The average taxable value of a residence homestead last year in the Central College District was $130,519. Based on last year's tax rate of $0.136600 per $100 of taxable value, the amount of taxes imposed last year on the average home was $178.29.

The average taxable value of a residence homestead this year the Central Texas College District is $138,103. If the governing body adopts the effective tax rate for this year of $0.129700 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $179.12. If the governing body adopts the proposed tax rate of $0.139900 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $193.21.

Members of the public are encouraged to attend the hearings and express their views.

* "Appraised value" is the amount shown on the appraisal roll and defined by Section 1.04(8), Tax Code.
** "New property" is defined by Section 26.012(17), Tax Code.

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