City of College Station

Notice of Adopted 2021 Tax Rate

Posted on 08/13/2021

NOTICE OF ADOPTED 2021 TAX RATE

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 2.50 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $0.01.

Notice About 2021 Tax Rates

Property Tax Rates in City of College Station
This notice concerns the 2021 property tax rates for City of College Station. This notice provides information about two tax rates used in adopting the current tax year's tax rate. The no-new-revenue tax rate would Impose the same amount of taxes as last year if you compare properties taxed in both years. In most cases, the voter-approval tax rate is the highest tax rate a taxing unit can adopt without holding an election. In each case, these rates are calculated by dividing the total amount of taxes by the current taxable value with adjustments as required by state law. The rates are given per $100 of property value.

This year's no-new-revenue tax rate:     $0.518885/$100
This year's voter-approval tax rate:       $0.562519/$100

To see the full calculations, please visit https://brazos.countytaxrates.com for a copy of the Tax Rate Calculation Worksheet.

Unencumbered Fund Balance
The following estimated balances will be left in the unit's accounts at the end of the fiscal year. These balances are not encumbered by a corresponding debt obligation.

Type of Fund                                                                       Balance
GENERAL FUND                                                                 38,209,177
GENERAL DEPT SERVICES FUND                                    8,487,089

Current Year Debt Service
The following amounts are for long-term debts that are secured by property taxes. These amounts will be paid from upcoming property tax revenues (or additional sales tax revenues, if applicable).



Total required for 2021 debt service: $44,581,131
- Amount (if any) paid from funds listed in unencumbered funds: $0
- Amount (if any) paid from other resources: $23,939,505
- Excess collections last year: $0
= Total to be paid from taxes in 2021: $20,641,626
+ Amount added in anticipation that the unit will collect only 100.00% of its taxes in 2021: $0
= Total debt levy: $20,641,626

This notice contains a summary of actual no-new-revenue and voter-approval calculations as certified by Kristeen Roe, CTA, PCAC, Brazos County Tax Assessor/Collector on August 3, 2021.