ELPCC : Notice Of Meeting To Vote On Tax Rate

El Paso TX

05 August, 2021

4:07 PM

Description

Press release from the El Paso Community College: August 5, 2021 A tax rate of $ 0.134760 per $100 valuation has been proposed by the governing body of El Paso County Community College District. PROPOSED TAX RATE NO-NEW-REVENUE TAX RATE VOTER-APPROVAL TAX RATE $ 0.134760 per $100 $ 0.134760 per $100 $ 0.145914 per $100 The no-new-revenue tax rate is the tax rate for the 2021 tax year that will raise the same amount of property tax revenue for El Paso Community College from the same properties in both the 2020 tax year and the 2021 tax year. The voter-approval rate is the highest tax rate that El Paso Community College may adopt without holding an election to seek voter approval of the rate. The proposed tax rate is not greater than the no-new-revenue tax rate. This means that El Paso Community College is not proposing to increase property taxes for the 2021 tax year. A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON August 18, 2021 at 5:00PM at Via Teleconference (epcc.edu/Administration/BoardOfTrustees/meetings-and-ann). The proposed tax rate is also not greater than the voter-approval tax rate. As a result, El Paso Community College is not required to hold an election to seek voter approval of the rate. However, you may express your support for or opposition to the proposed tax rate by contacting EPCC Board of Trustees of El Paso Community College at their offices or by attending the public meeting mentioned above. YOUR TAXES OWED UNDER ANY OF THE TAX RATES MENTIONED ABOVE CAN BE CALCULATED AS FOLLOWS: Property tax amount = ( tax rate ) x ( taxable value of your property ) / 100 (List names of all members of the governing body below, showing how each voted on the proposal to consider the tax increase or, if one or more were absent, indicating absences.) FOR the proposal: N/A AGAINST the proposal: N/A PRESENT and not voting: N/A ABSENT: N/A The 86th 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. The following table compares the taxes imposed on the average residence homestead by El Paso Community College last year to the taxes proposed to the be imposed on the average residence homestead by El Paso Community College this year. Total tax rate (per $100 of value) 2020 adopted tax rate 0.139859 2021 proposed tax rate 0.134760 2021 average taxable value of residence homestead 146,670 2020 amount of taxes on average taxable value of residence homestead 191.15 2020 levy 64,708,955 (2021 proposed rate x current total value)/100 (If the tax assessor for the taxing unit maintains an internet website) For assistance with tax calculations, please contact the tax assessor for El Paso Community College at (915) 771-2300 or [email protected], or visit epcounty.com for more information. (If the tax assessor for the taxing unit does not maintain an internet website) For assistance with tax calculations, please contact the tax assessor for El Paso Community College at (915) 771-2300 or [email protected]. This press release was produced by the El Paso Community College. The views expressed here are the author's own.