Fast Facts > Financial Highlights > 2018 Property Tax Rates in Dallas County Community College

2018 Property Tax Rates in Dallas County Community College

This notice concerns the 2018 property tax rates for Dallas County Community College. It presents information about three tax rates. Last year's tax rate is the actual tax rate the taxing unit used to determine property taxes last year. This year's effective tax rate would impose the same total taxes as last year if you compare properties taxed in both years. This year's rollback tax rate is the highest tax rate the taxing unit can set before taxpayers start rollback procedures. In each case these rates are found by dividing the total amount of taxes by the tax base (the total value of taxable property) with adjustments as required by state law. The rates are given per $100 of property value.

Last year's tax rate:

Last year's operating taxes

$241,142,081

Last year's debt taxes

$46,925,321

Last year's total taxes

$288,067,402

Last year's tax base

$231,867,385,180

Last year's total tax rate$0.124238/$100

This year's effective tax rate:

Last year's adjusted taxes (after subtracting taxes on lost property)$286,368,862
÷ This year's adjusted tax base$245,990,690,293
=This year's effective tax rate (Maximum rate unless unit publishes notices and holds hearings.)$0.116414/$100

This year's rollback tax rate:

Last year's adjusted operating taxes (after subtracting taxes on lost property and adjusting for any transferred function, tax increment financing, state criminal justice mandate, and/or enhanced indigent health care expenditures)$239,720,384
÷ This year's adjusted tax base$245,990,690,293
=This year's effective operating rate$0.097451/$100
x 1.08=this year's maximum operating rate$0.105247/$100
+ This year's debt rate$0.020000/$100
= This year's total rollback rate$0.125247/$100

Statement of Increase/Decrease

If Dallas County Community College adopts a 2018 tax rate equal to the effective tax rate of $0.116414 per $100 of value, taxes would increase compared to 2017 taxes by $5,295,360.

Schedule A - Unencumbered Fund Balance

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

Type of Property Tax FundBalance
General Fund balance220,493,039

Schedule B - 2018 Debt Service

The unit plans to pay the following amounts for long-term debts that are secured by property taxes. These amounts will be paid from property tax revenues (or additional sales tax revenues, if applicable).

Description of DebtPrincipal or Contract Payment to be Paid from Property TaxesInterest to be Paid from Property TaxesOther Amounts to be PaidTotal Payment
Debt41,272,4208,762,357365,22350,400,000
Total required for 2018 debt service$50,400,000
- Amount (if any) paid from Schedule A$0
- Amount (if any) paid from other resources$0
- Excess collections last year$0
= Total to be paid from taxes in 2018$50,400,000
+ Amount added in anticipation that the unit will collect only 100.00% of its taxes in 2018$0
= Total debt levy$50,400,000

This notice contains a summary of actual effective and rollback tax rates' calculations. You can inspect a copy of the full calculations at 1201 Elm Street, Suite 2600, Dallas TX 75270.

Name of person preparing this notice: John R. Ames, PCC, CTA Title: Dallas County Tax Assessor/Collector

Date Prepared: 07/31/2018

Download a PDF version of this information (PDF - 81KB).