Notice About 2022 Tax Rates

​Property Tax Rates in Dallas College

This notice concerns the 2022 property tax rates for Dallas 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

$0.105608/$100

This year's voter-approval tax rate

$0.115900/$100

 

To see the full calculations, please visit wwws.dallascollege.edu/about/financial/Pages/default.aspx for a copy of the Tax Rate Calculation Worksheet.

 

Unencumbered Fund Balances

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

Type of Fund

Balance

General Fund Balance

6,000,000

 

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).

Description of Debt

Debt Service

Principal or Contract Payment to be Paid from Property Taxes

65,525,000

Interest to be Paid from Property Taxes

4,475,000

Other Amounts to be Paid

0

Total Payment

70,000,000

 
Total required for 2022 debt service$70,000,000
- Amount (if any) paid from funds listed in
unencumbered funds
$0
- Amount (if any) paid from other resources$0
- Excess collections last year$0
= Total to be paid from taxes in 2022$70,000,000
+ Amount added in anticipation that the unit will
collect only 100.07% of its taxes in 2022
$-48,966
= Total debt levy$69,951,034
 

This notice contains a summary of actual no-new-revenue and voter-approval calculations as certified by John R. Ames, Tax Assessor/Collector on 08/09/2022.

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.

 

Accessibility

Dallas College is committed to ensuring accessibility of its digital technology and is actively working to increase the accessibility of this webpage and electronic documents. Should you experience any difficulty in accessing information on this webpage, please contact Diana Wilder at 972-860-7710 or DianaWilder@dallascollege.edu.