Board of Trustees approves 2024 property tax rates
PASADENA, Texas — The San Jacinto College Board of Trustees approved the 2024 tax rate for the College District during its regularly scheduled October meeting.
The rate approved by the Board is 15.4868 cents per $100 valuation of taxable property located within the San Jacinto Community College District, which is approximately $0.008673 (5.93%) above the prior year’s rate. It is comprised of an assessment for maintenance and operations (10.6954 cents) and a separate debt service tax rate (4.7914 cents). The approved 2024 tax rate is higher than the calculated no-new-revenue tax rate of $0.149818. The no-new-revenue tax rate is the rate that provides the taxing unit with about the same amount of revenue it received in the previous year, less the estimated refunds from disputed values. The total tax rate for 2023 was $0.146195. The no-new-revenue tax rate is more than last year’s total tax rate because the College’s certified tax values decreased by .6 percent from tax year 2023 to 2024.
The approved 2024 tax rate of $0.154868 is less than the voter-approval rate of $0.158151. The voter-approval rate provides approximately the same amount of tax revenue as received the previous year (less estimated refunds from disputed values), plus an extra 8% increase, in addition to sufficient funds to pay debts in the coming year. This conservative change results in a new rate between the College’s no-new-revneue and the voter-approval rates.
For calendar year 2024, the average taxable value of a residence homestead in the San Jacinto Community College District is $181,988. With the adoption by the governing body of a tax rate of $0.154868 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $281.84.
About San Jacinto College
Surrounded by monuments of history, evolving industries, maritime enterprises of today, and the space age of tomorrow, San Jacinto College has served the people of East Harris County, Texas, since 1961. The College is one of the top 10 community colleges in the nation as designated by the Aspen Institute and was named an Achieving the Dream Leader College of Distinction in 2020. The College is a Hispanic-Serving Institution that spans five campuses, serving more than 45,000 credit and non-credit students annually. It offers more than 200 degrees and certificates across eight major areas of study that put students on a path to transfer to four-year institutions or enter the workforce. The College is fiscally sound, holding bond ratings of AA and Aa2 by Standard & Poor’s and Moody’s.
