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Tax Rate

PROPOSED FY 21 ANNUAL BUDGET

On Aug. 27, College Station City Council voted unanimously to adopt the proposed budget. The also council voted unanimously to adopt a FY 21 property tax rate of $0.534618 per $100 of assessed value, which is the same as the FY 20 rate.

FY21 Budget Cover



>> BLOG: Podcast series explores city's FY 21 proposed budget






NOTICE ABOUT 2020 TAX RATES

This notice concerns the 2020 property tax rates for City of College Station. This notice provides information about two tax rates. The no-new-revenue tax rate would impose the same amount of taxes as last year if you compare properties taxed in both years. The voter-approval tax rate is the highest tax rate a taxing unit can adopt without holding an election. In each case, these rates are calculated by dividing the total amount of taxes by the current taxable value with adjustments as required by state law. The rates are given per $100 of property value.

>> Click here to view the full notice

PROPERTY TAXES

The property tax rate as of October 1, 2019 for the City of College Station will be set at 53.4618¢ per $100 of assessed valuation. Property Taxes fund the General Fund and are used to make payments on the City’s Debt Service Fund. The breakdown of the tax rate is as follows:

Debt Service:       0.221444         41.4%
General Fund:     0.313174          58.6%
Total                    $0.534618        100.0%

The 53.4618¢ rate reflects the City’s portion of the tax rate and does not include taxes collected for College Station Independent School District or Brazos County. A break out of the tax rate for all taxing entities is as follows from the Brazos County Appraisal District:

College Station    $ 0.534618
Brazos County        0.497500
CSISD                        1.238916
Total                         $2.271034

>> Click here for more details about the tax rate.
>> Click here to view the ordinance.


SALES TAX RATES

College Station:  1.50%
Brazos County:   0.50%
State of Texas:     6.25%
Total:                   8.25%

 

FRANCHISE TAXES

Incorporated businesses in Texas are subject to the state franchise tax. Corporations pay either $2.50 per $1,000 in taxable capital, or a 4.5% tax on earned surplus, whichever amount is greater. 

HOTEL OCCUPANCY TAXES

Chapter 1, General Provisions, Section 11 of the Code of Ordinances authorizes the City of College Station to levy a Hotel Occupancy Tax equal to 7% of the consideration paid by the occupant of any hotel where the cost of occupancy is at the rate of $2.00 or more per day.

For more information on Hotel Occupancy Taxes .

For more information on city and county sales & use taxes you can visit: window.state.tx.us/taxinfo/local


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