Austin Community College trustees unanimously approved a tax rate of $0.103643 per $100 of valuation, up from $0.1034 last year. Because property values fell, the average bill will drop about 2.2%, and the average homestead bill will drop about 1%. The owner of an average home will pay about $557, down from $562 last year.
The details: The new rate is below the college's no-new-revenue rate, meaning it will collect less from existing property. District officials said the slight rate increase is tied to debt on a $770 million bond voters approved in 2022. Property taxes fund about 67% of the college's $583 million budget.
What's next: Tax bills typically go out in the fall. They are due Feb. 1, 2027, because Jan. 31 falls on a Sunday.