The document outlines College Station's FY21 ad valorem tax rate adoption process, including holding public hearings in August and adopting the tax rate at their August 27th city council meeting. It proposes keeping the total tax rate the same at 53.4618 cents per $100 assessed valuation, with a 0.5001 cent decrease to the debt service fund rate and a matching 0.5001 cent increase to the general fund rate. The document also provides the no new revenue and voter approval tax rates for FY21.

1. FY21 AD VALOREM TAX RATE ADOPTION
August 27, 2020
City of College Station

2. Taxing Unit
Affected by a
Disaster
Tax Office
No New
Revenue and
Voter Approval
Rate Provided to
City
Council
Meeting
Proposed Ad
Valorem Tax
Rate and
Budget Public
Hearings
Council
Meeting
FY21 Budget
Adoption
FY21 Tax Rate
Adoption
2
August
27th
August
13th
Aug 7thJuly 27th
thru July
29th
July 7th
TAX RATE DEVELOPMENT CALENDAR
Budget
Workshops

3. PROPOSED PROPERTY TAX RATE
3
Current Rate Change Proposed FY21
Debt Service Fund 22.1444 (0.5001) 21.6443
General Fund 31.3174 0.5001 31.8175
53.4618 0.0000 53.4618
No New Revenue Rate 49.5757 54.1991
Voter Approval Rate 53.4618 56.9888
*Rates above are stated cents per $100 assessed valuation

4. 4
TAX RATE ADOPTION
Required Actions
• Tax Rate Ordinance Adoption
• Must be adopted as two
separate components
General Fund (M&O) 31.8175
Debt Service (I&S) 21.6443
Required wording for adoption is
at your place