Tarrant County College is considering a property tax rate increase.<\/p>\n
The college proposed raising the rate from 11.228 cents to 12 cents per $100 valuation. For every $100,000 in taxable value, the difference would add $7.72 annually to a TCC tax bill.\u00a0<\/p>\n
TCC\u2019s Aug. 6 proposal comes as the college faces lower state funding and pressure to keep tuition and fees flat<\/a>, along with a nearly $40 billion drop in certified property values. Trustees are weighing whether to raise the rate on property owners while reconsidering exemptions and economic development commitments that reduce the college\u2019s revenue.<\/p>\n Trustees are scheduled to consider the proposed tax rate Aug. 20. That will be followed by public hearings and a Sept. 24 final vote. The tax rate must be approved before Sept. 30.<\/p>\n Chief Financial Officer Pamela Anglin said she entered this budget cycle expecting the opposite: that TCC could begin relying less on property owners.<\/p>\n