News & Press Releases

Archived News: 2019


NOTICE OF PUBLIC HEARING ON TAX INCREASE


Posted: July 31, 2019

McLennan Community College will hold two public hearings on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 6.08 percent (percentage by which proposed tax rate exceeds lower of rollback tax rate or effective tax calculated under Chapter 26, Tax Code). Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted.
The first public hearing will be held on August 14, 2019 at 6:00 p.m. at Northwood House at McLennan Community College, 1609 College Drive, Waco, TX 76708.
The second public hearing will be held on August 19, 2019 at 6:00 at Northwood House at McLennan Community College, 1609 College Drive, Waco, TX 76708.
The members of the governing body voted on the proposal to consider the tax increase as follows:
FOR: Mr. K. Paul Holt Mr. Earl Stinnett
Ms. Pauline Chavez Mr. Doug McDurham
Mr. Ricky Turman Ms. Elizabeth Palacios
Ms. Geneva Watley
AGAINST: None
PRESENT and not voting: None
ABSENT: None
The average taxable value of a residence homestead in McLennan County last year was $133,100. Based on last year's tax rate of $0.147696 per $100 of taxable value, the amount of taxes imposed last year on the average home was $196.58.
The average taxable value of a residence homestead in McLennan County this year is $145,646. If the governing body adopts the effective rate for this year of $0.139228 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $202.78.
If the governing body adopts the proposed tax rate of $0.147696 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $215.11.
Members of the public are encouraged to attend the hearings and express their views.