The average property tax bill will NOT increase under the new rate.

The Austin Community College District (ACC) Board of Trustees adopted a new tax rate for 2024-25 during its regular board meeting on Monday, September 9. The new rate of $0.1013 (10.13 cents) per $100 valuation consists of $0.0881 for Maintenance and Operations and $0.0132 for Debt Service. 

It remains the lowest among all Texas community colleges and means the average property tax bill won’t increase for ACC taxpayers. 

The College also continues to offer numerous tax exemptions, including: 

  • Homestead exemption: ACC provides a $5,000 homestead exemption to all residential taxpayers (or 1% of property value, whichever is greater).
  • Exemption for seniors (65+) and homeowners with disabilities: The College also provides an additional $75,000 exemption for seniors and homeowners with disabilities, for a total homestead exemption of $80,000.
  • Commercial property owners: Commercial properties are taxed at the same rate as residential property; however, per Texas Property Tax Code, commercial properties are taxed on both real property and personal property, while residential properties are only taxed on real property.
  • Tax freeze for seniors (65+) and homeowners with disabilities: ACC offers a tax ceiling/freeze for seniors and homeowners with disabilities. The ceiling freezes your ACC taxes at the amount you pay in the year that you qualify for the exemption. The college taxes on your house may go below the ceiling, but not above.

To apply for an exemption or to verify that the exemption is being applied, residents are encouraged to contact their county’s taxing district.

Annual Budget

This summer, Trustees approved a $534 million budget for fiscal year 2024-25. About 67 percent of the annual budget comes from property tax revenue. Other funding comes through state appropriations and student tuition and fees which remains unchanged for the 11th consecutive year.

According to 2024-25 tuition and fee rates published by the Texas Higher Education Coordinating Board, ACC students who live in-district pay among the lowest rates in the state compared with other area institutions. 

“I don’t know how many colleges can say for they have kept tuition and fees the same for over a decade. I am proud of this board’s commitment to support all of our students  — and a big part of that is making college affordable,” said Dr. Barbara Mink, ACC board chair, at the time of the vote.

For more information about the college’s budget and tax rate, visit the ACC Property Taxes webpage.