TJC Holds Public Hearing on Tax Increase

TYLER — The Tyler Junior College Board of Trustees Thursday will hold the second of two public hearings on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 33.57%. College officials point out that your individual taxes may increase at a greater or lesser
rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted. The second public hearing will be held Thursday at 11:00 a.m. in the Board Room of the White Administrative Services Center on the TJC main campus.

The average taxable value of a residence homestead in the Tyler Junior College District last year was $129,446. Based on last year�s tax rate of .136950 per $100 of taxable value, the amount of taxes imposed last year on the average home was $177.28. The average taxable value of a residence homestead in the Tyler Junior College District this year is $125,771. If the governing body adopts the effective tax rate for this year of .138983 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $174.80. If the governing body adopts the proposed tax rate of .182926 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $230.07. College officials say members of the public are encouraged to attend the hearing and express their views.