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Notice of Meeting to Vote on the Tax Rate

PROPOSED TAX RATE
$0.145970 per $100
NO-NEW-REVENUE TAX RATE
$0.152660 per $100
VOTER-APPROVAL TAX RATE
$0.163129 per $100

The no-new-revenue tax rate is the tax rate for the 2026 tax year that will raise the same amount of property tax revenue for Grayson College from the same properties in both the 2026 tax year and the 2027 tax year.

The voter-approval tax rate is the highest tax rate that Grayson College may adopt without holding an election to seek voter approval of the rate.

The proposed tax rate is lower than the no-new-revenue tax rate. As a result, Grayson College is not proposing an increase in property taxes for the 2026 tax year.

A public meeting to vote on the proposed tax rate will be held on August 26, 2026 at 3:45 p.m. in the Student Success Center Boardroom, 6101 Grayson Drive, Denison, Texas.

The proposed tax rate is also not greater than the voter-approval tax rate. As a result, Grayson College is not required to hold an election to seek voter approval of the rate. However, you may express your support for or opposition to the Board of Trustees of Grayson College at their offices or by attending the public meeting mentioned above.

Your taxes owed under any of the above rates can be calculated as follows:

Property tax amount + (tax rate) * (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. Terrence Steele

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.

- 2025 2026 Change
Total tax rate (per $100 of value) $0.145980 $0.145970 00.1%
Average homestead taxable value $300,429 $314,667 4.74%
Tax on average homestead $438.57 $459.32 4.73%
Total tax levy on all properties $37,443,479 $38,562,917 2.99%

For assistance with tax calculations, please contact the tax assessor for Grayson College at 903.893-8297 or publicinformation [at] grayson [dot] edu or visit grayson.edu.