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Collin College Passes Homestead Exemption

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Collin College Passes Homestead Exemption

August 23, 2017 - Yesterday, the Collin College Board of Trustees passed a new residential homestead exemption. The exemption is equal to the greater of $5,000 or a one percent exemption of the appraised value of a residential homestead. The new homestead exemption will be effective beginning with the 2018 tax year.

Currently, the college offers property tax exemptions of $30,000 for residents over 65 years of age and $20,000 for disabled individuals.

"Collin County has some of the most desirable schools and neighborhoods in the area, and property values are on the rise. Collin College is mindful of the tax impact to homeowners because of the rising values," said Dr. Neil Matkin, Collin College district president. "We are always looking for ways to enhance our community, and this is one way we can help our taxpayers."

The college plans to continue to offer the new homestead exemption in future tax years. For more information about the college, visit www.collin.edu.

Collin College serves more than 53,000 credit and continuing education students annually and offers more than 100 degrees and certificates. The only public college in the county, Collin College is a partner to business, government and industry, providing customized training and work force development. In addition, the college operates the Collin Higher Education Center, which serves 3,100 additional students each year in partnership with The University of Texas at Dallas, Texas Woman's University, Texas A&M Commerce, Texas Tech and the University of North Texas.