Cedar Creek Lake

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TVCC wants to hike property taxes

by

David Webb is a veteran journalist who has written for the mainstream and alternative media for three decades. He is now a freelancer who lives in the Cedar Creek Lake area.




Trinity Valley Community College’s Board of Directors want to raise the property tax rate by almost one cent.


The proposed rate, which would increase from 12.674 cents per $100 valuation to 13,567 cents, which is an amount just below a tax rollback election trigger. The trigger rate would be 13.567344.


The effective tax rate, which is the amount needed to generate the same revenue as last year, would be 12.5624 cents because property values increased this year, according to appraisal districts.


In announcing the proposed increase in taxes, the board set two public hearings at the college’s administration offices in Athens. They will be Aug. 22 and Sept. 12.


The board increased taxes in 2015 from 10.36 cents per $100 valuation to the current rate, which gave the district a $11.526,875 budget compared to the previous year’s $9,250,652 budget.


The board will also consider the new fiscal year budget at the Aug. 22 meeting at 7:30 p.m. in the Orval Pirtle Administration Building.


The rollback rate is 13.567344, just fractionally above the rate proposed by the board.


According to public notices, the average value of a home in the district rose from $103,685 last year to $105,939 this year. In that scenario, the tax rate on an average home would increase from $131.41 to $143.73, an adjustment of $12.32.




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