Lone Star College board approves unchanged tax rate

The Lone Star College Board of Trustees voted to maintain the tax rate at 10.78 cents per $100 property valuation for the 2020 fiscal year, the same tax rate as last year.

The board passed the recommended tax rate Thursday, via WebEx. The rate has not changed compared to last year but because the property values of LSC have gone up, the same rate will bring in more revenue for the college system than last year.

“We are projecting a six percent growth rate in appraised values, once all final rolls are received,” said Jennifer Mott, vice chancellor and CFO for finance and administration during her tax rate presentation to the board.

In Montgomery County, property tax values for LSC property are projected to increase from $56.9 billion in fiscal year 2020 to $60.3 billion in fiscal year 2021. The appraised values of LSC property in Harris, Montgomery, and San Jacinto Counties overall is projected to go up by six percent.

The board held a public hearing on the proposed tax rate on Oct. 1 before voting to approve the proposed tax rate on Oct. 8.

Since the 86th state Legislature passed Senate Bill 2, starting tax year 2020 taxing entities are now required to post taxpayer information like budget information, property tax revenue budget, and property tax rates, among other information, in a public place. This information for Lone Star College can be found at www.lonestar.edu/Taxpayer-Information.htm.

The state now also requires that if the proposed tax rate will generate additional revenue, it should be called a tax rate increase. This year’s rate has not increased, but the revenue generated from the same rate has increased.

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