Seibel Foundation Student Residences

Galveston College Board of Regents reduces tax rate, trims budget

Galveston Community College District homeowners will see a significant decrease in property taxes paid to Galveston College in 2020.

Following an Aug. 17 public hearing, the board adopted a no-new-revenue tax rate of $.159188/$100 for the 2020 tax year, which reflects a 7 percent decrease from the 2019 rate of $0.171188/$100 and remains under the voter-approved rate of $0.172680/$100.

The no-new-revenue tax rate evaluates the relationship between taxes for the prior year and for the current year based on a tax rate that would produce the same amount of taxes (no new taxes), if applied to the same properties that are taxed in both years.

This is the second year in a row the Galveston College board has reduced the district’s tax rate. In 2018, the tax rate was .176188/100.

In addition to the tax rate, board members approved a 2020-2021 college budget of $23,366,745, which reflects a reduction of $275,250 – or 1.2 percent – compared to the 2019-2020 budget of $23,641,995.