Notice About 2022 Tax Rates


Property Tax Rates in McLennan Community College

This notice concerns the 2022 property tax rates for McLennan Community College. 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:
$0.132445/$100
This year's voter-approval tax rate:
$0.143523/$100

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.

Testing Center Contacts
Type of Fund Balance
Maintenance & Operating 14,808,744
Interest & Sinking 0

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).
Current Year Debt Service
Description of Debt Principal or Contract Payment to be Paid from Property Taxes Interest to be Paid from Property Taxes Other Amounts to be Paid Total Payment
Tax Bond Series 2013 3,045,000 990,900 500 4,036,400
Tax Bond Series 2015 0 717,500 750 718,250
Tax Bond Series 2021 195,000 726,914 750 922,664

 

Total required for 2022 debt service $5,677,314
- Amount (if any) paid from funds listed in
unencumbered funds
$0
- Amount (if any) paid from other resources $0
- Excess collections last year $46,140
= Total to be paid from taxes in 2022 $5,631,174
+ Amount added in anticipation that the unit will
collect only 99.00% of its taxes in 2022
$56,880
= Total debt levy $5,688,054

This notice contains a summary of actual no-new-revenue and voter-approval calculations as certified by Randy H. Riggs, McLennan County Tax Assessor Collector on August 3, 2022.

Visit Texas.gov/PropertyTaxes to find a link to your local property tax database on which you can easily access information regarding your property taxes, including information about proposed tax rates and scheduled public hearings of each entity that taxes your property.

The 86th Texas Legislature modified the manner in which the voter-approval tax rate is calculated to limit the rate of growth of property taxes in the state.