TAX RATE FOR MAINTENANCE & OPERATIONS
THE CITY OF COLLEGE STATION ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S TAX RATE. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 2.416364% AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $10.37.
PROPERTY TAXES
The property tax rate as of October 1, 2009 for the City of College Station is set at 43.94¢ per $100 of assessed valuation. Property taxes fund the General Fund and are used to make payments on the City’s Debt Service Fund. The breakdown of the tax rate is as follows:
| Debt Service: |
0.229433 |
52.2% |
| General Fund: |
0.209967 |
47.8% |
| Total |
$0.439400 |
100% |
The 43.94¢ rate reflects the City’s portion of the tax rate and does not include taxes collected for College Station Independent School District or Brazos County. A break out of the tax rate for all taxing entities is as follows from the Brazos County Appraisal District:
| College Station |
$ 0.43940 |
20.2% |
| Brazos County |
0.48000 |
22.1% |
| CSISD |
1.25341 |
57.7% |
| Total |
$2.17281 |
100% |
The City property tax rate is among the lowest in the state for Cities with a population between 50,000 and 100,000. The table at right is a comparison of tax rates for similarly sized Texas cities, as well as benchmark cities that the City of College Station uses for comparison purposes.
SALES TAX RATES
| College Station |
1.50% |
| Brazos County |
0.50% |
| State of Texas |
6.25% |
| Total |
8.25% |
FRANCHISE TAXES
Incorporated businesses in Texas are subject to the state franchise tax. Corporations pay either $2.50 per $1,000 in taxable capital, or a 4.5% tax on earned surplus, whichever amount is greater.