Collin College trustees were scheduled to vote Tuesday, Aug. 28, on a proposed property tax rate that equals the rollback rate and is more than the 2017 levy.
The board held the second of two required public hearings on the tax rate last week.
Property tax for 2018 will be 8.1222 cents per $100 assessed valuation. The 2017 rate was 7.981 cents and the effective tax is 7.4929. The effective rate is the levy required to raise the same amount of tax revenue as was generated in the prior year.
Property taxes are expected to bring in $109.5 million toward the general fund budget of $221.4 million. Last year, property taxes generated $96 million.
By Joe Reavis • [email protected]