Lone Star College System announces reduced tax rate for 2013-14

Lone Star College System News

Published on: September 11, 2013
HOUSTON (Sept.11, 2013) The
Lone Star College System Board of Trustees approved a decrease in the property tax
rate to 11.60 cents per $100 property evaluation for the 2013-14 tax year, a 3
percent decrease from the previous year.
We are pleased to be in the
position to reduce the tax rate which will benefit LSCS taxpayers, said Dr.
Richard Carpenter, LSCS chancellor. Lone Star College System is committed to
providing a first class education while keeping costs in line. This reduction
for 2013-14 is the sixth time in the last 10 years that the board has lowered
the property tax rate for LSCS taxpayers.
Board members approved the
recommendation to lower the tax rate at the regular board meeting on Sept. 5.
The tax rate drops to 11.60
cents per $100 property valuation from the previous level of 11.98 cents per
$100 property valuation. A LSCS homeowner with a house valued at $100,000 would
pay $116 annually in taxes based on the new tax rate, compared to $120
previously (not including any exemptions which would lower the taxes further.)
Taxes are frozen for disabled
residents and those over 65 years of age residing in the LSCS service area as
part of the systems $75,000 property tax exemption and tax freeze, where the
actual dollar amount owed is frozen as of the date the taxpayer qualifies for
the exemption even if the property value increases.
It is our responsibility as
members of the Lone Star College System board to make sure this organization is
as efficient as possible, with dollars being invested only in necessary
operations and projects, said David Holsey, chair of the LSCS board. Im
proud to say that the administrative cost at LSCS under Dr. Carpenters tenure
has dropped several times in the last few years as a percentage of the total budget
and is now one of the lowest of all community colleges.
As this area grows, our …

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