Notice of Public Hearing of the Tax Rate
A tax rate of $0.145980 per $100 valuation has been proposed by the governing body of Grayson College.
- PROPOSED TAX RATE
- $0.145980 per $100
- NO-NEW-REVENUE TAX RATE
- $0.145482 per $100
- VOTER-APPROVAL TAX RATE
- $0.158319 per $100
The no-new-revenue tax rate is the tax rate for the 2025 tax year that will raise the same amount of property revenue for Grayson College from the same properties in both the 2024 tax year and the 2025 tax year.
The voter-approval rate is the highest tax rate that Grayson College may adopt without holding an election to see voter approval of the rate.
The proposed tax rate is greater than the no-new-revenue tax rate. This means that Grayson College is proposing to increase property taxes for the 2025 tax year.
A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON AUGUST 26, AT 3:45PM IN THE STUDENT SUCCESS CENTER BOARDROOM.
The proposed tax rate is not greater than the voter-approval tax rate. As a result, Grayson College is not required to hold an election at which voters may accept or reject the proposed tax rate. However, you may express your support for or opposition to the proposed tax rate by contacting the members of the Office of the President of Grayson college at their offices or attending the public hearing mentioned above.
YOUR TAXES OWED UNDER ANY OF THE TAX RATES MENTIONED ABOVE CAN BE CALCULATED AS FOLLOWS:
Property tax amount + (tax rate) X (taxable value of your property) / 100
| FOR the proposal: |
Mrs. Jackie Butler, Mrs. Paula Cavender, Mr. Jared Johnson, Dr.John Spies, Mr. Terrence Steele |
|---|---|
| AGAINST the proposal: | None |
| PRESENT and not voting: | None |
| ABSENT: | Mr. Ronnie Cole, Dr. Debbie Plyler |
The 89th Legislature modified the manner in which the voter-approval tax rate is calculated to limit the rate of growth of property taxes in the state.
The following table compares the taxes imposed on the average residence homestead by Grayson College last year to the taxes proposed to be imposed on the average residence homestead by Grayson College this year.
| Category | 2024 | 2025 | Change |
|---|---|---|---|
| Total tax rate
(per $100 of value) |
$0.145990 | $0.14598 | -$0.0007% |
| Average homestead taxable value | $276,983 | $300,429 | 21.15% |
| Tax on average homestead | $404.37 | $438.57 | 8.46% |
| Total tax levy on all properties | $30,688,947 | $37,443,479 | 22.01% |
For assistance with tax calculations, please contact the tax assessor for Grayson College at 903.464.8630 or publicinformation [at] grayson [dot] edu , or visit grayson.edu.