VC board sets tax increase
Sept. 14, 2009 at 4:14 a.m.
The Victoria College board set the 2009-10 tax rate at its meeting Monday. The tax rate increased from 14.45 cents per $100 valuation to 15.34 cents.
This would mean that taxes on a home valued at $100,000 would increase about $9 a year, or about 75 cents a month.
"Most of the increase of the tax will be covered by increases of fees by students. About 80 percent," said VC President Tom Butler. "Only about 20 percent will be covered by local tax payers."
Higher operating costs were the main reasons for the tax increase, Butler said.
Tax bills, which are usually mailed in October, are due by Jan. 31.