Financial Impact
Since 2018, the Collin College tax rate has stayed at $0.08122 and was anticipated
to stay at the same rate with the passage of the 2026 bond.
Financial Transparency
Economic studies show that Collin College has a $1.1 billion impact on the local economy. This bond planned to expand spaces to prepare more students for high-wage, high-demand jobs.
Since 2018, the Collin College tax rate has stayed at $0.08122 and was anticipated to stay at the same rate with the passage of the 2026 bond.
Tax Exemptions
Homestead Exemption
In 2023, the Collin College Board of Trustees approved a new residential tax exemption
rate and formalized the change by adopting a resolution notifying the Collin County
Central Appraisal District.
Collin County homeowners qualify for a reduction in taxes from the new exemption rate. The exemption is equal to the greater of $5,000 or a 20% exemption of the appraised value of a residential homestead.
Collin County homeowners qualify for a reduction in taxes from the new exemption rate. The exemption is equal to the greater of $5,000 or a 20% exemption of the appraised value of a residential homestead.
Over 65 Exemption
- The Board of Trustees also approved property tax exemptions of $100,000 for residents over 65 years of age or disabled individuals.
- To check your exemption status and the Collin College tax amount for the current year, go to the Collin Central Appraisal District property search at esearch.collincad.org, or call their office at 469.742.9200.
Delaying Implementation Increases Construction Costs
Delaying implementation of the bond program exposes Collin College to escalating construction
costs, which are estimated to increase the total cost of the proposed bond projects
by an additional 8% or approximately $48 million per year.
Ballot Language For College Propositions
- Ballot language will include the statement "THIS IS A TAX INCREASE."
- Sample Ballot:
- THIS IS A TAX INCREASE; the issuance of $600,000,000 in bonds for college facilities used for workforce training, career and technical education, and academic instruction, and the levy of taxes sufficient to pay the principal and interest on the bonds.