On Oct. 1, the Lone Star College System board of trustees unanimously approved a fiscal year 2026-27 total tax rate of $0.1058 per $100 valuation.
This rate is $0.0002 lower than the previous fiscal year's rate and is budgeted to generate $356.2 million in tax revenue.
Diving deeper: The total tax rate consists of two parts:
An M&O rate of $0.0839 per $100 valuation for college operations, including employee salaries and utilities
An I&S rate of $0.0219 per $100 valuation to pay off bond debt, with leaders hoping to pay off $404 million in debt by approximately 2030 or 2031
What you should know: Taxpayers in the Harris Central Appraisal District are expected to see a drop in their college system property tax bill. However, some taxpayers in the Montgomery Central Appraisal District and the San Jacinto County Appraisal District are expected to see higher bills due to increased median property values.