What is on the ballot?

South Texas College is asking voters in Hidalgo and Starr counties to vote on two propositions:

Proposition 1:

The issuance of $159,028,940 in bonds for the construction and equipping of college buildings

Proposition 2:

3 cents additional annual tax for the maintenance and operation of the college

Note:

Senior Citizens 65 and older and the Disabled who have filed the proper tax exemption with the appropriate County Tax Office are exempt from the property tax increase as a result of this election. More info

What will it cost property owners?

1/2 cent: Will be used for 20 year debt payment on $159,028,940 in bonds for construction and equipping of college buildings to accommodate increased student enrollment.  

3 cents:  Will be used for maintenance and operation of the college to accommodate increased student enrollment and expanded facilities  

Additional Cost to Property Owners

If the value of your taxable property is: Tax Per Month Tax Per Year
$50,000 $1.46 $17.50
$100,000 $2.92 $35.00
$150,000 $4.38 $52.50
$200,000 $5.83 $70.00

What Is The Current Tax Rate For STC

–  Debt payment for current construction bonds from 2001

11¢ – Maximum tax rate approved by voters for maintenance and operation of the College

15¢ – Total Tax Rate

CANNOT BE INCREASED WITHOUT VOTER APPROVAL.

The bottom line...

 
Tax Per Month Tax Per Year Tax Per Year
Construction Bond Payment 4 cents ½ cent 4½ cents
Maintenance & Operation 11 cents 3 cents 14 cents
TOTAL 15 cents 3½ cents 18½ cents

CANNOT BE INCREASED WITHOUT VOTER APPROVAL.

Impact on Senior Citizens

On October 24, 2005, the Board of Trustees of South Texas College froze property taxes on the homesteads of elderly (age 65 and over) and disabled residents. The STC Board established that any increases to its levied tax rate would not apply to the homestead of elderly or disabled voters who have been approved for the exemption by the county in which their property resides.

This freeze is available to qualified residents who file Form 50-114, Application for Residence Homestead Exemption, with the appraisal district for the county in which the property is located.

The proposed Bond and Maintenance election will raise property tax rates by approximately 3 ½ cents per $100 valuation. However, for those qualified under this residence homestead exemption, the proposed Bond and Maintenance election will not increase their primary residence property tax rate.

The State of Texas authorizes this exemption through Tax Code 1.13 and §11.131. Please contact your County Tax Assessor for more information on Form 50-114, Application for Residence Homestead Exemption.

Download Homestead Exemption Application