The Austin Community College District Board of Trustees has voted to lower the college’s tax rate for the next year. The new tax rate of 10.48 cents per $100 valuation is less than the 2020 rate of 10.58 cents due to a decreased debt service rate, the district said.
“The ACC debt service rate remains among the lowest of all community colleges across the state,” says Dr. Nan McRaven, ACC Board of Trustees chair. “We are proud to deliver exceptional services to our
community at a low cost to taxpayers. Our new and expanded tax exemptions will also help ease the burden for homeowners in the district.”
ACC’s 2021-22 tax exemptions include:
- $5,000 homestead exemption to all residential taxpayers (or 1% of property value, whichever is greater).
- Senior/Disabled Homestead Exemption: In June, Trustees unanimously approved a freeze on property tax homestead exemption for senior taxpayers and homeowners with disabilities. In addition to the $5,000 homestead exemption, ACC increased its Senior/Disabled homestead exemption by $16,000 to $180,000.
Based on the adopted rate, the annual amount of taxes imposed on an average home valued at approximately $430,000 will be $416.62 for the year.
