Finance
Overview
Understanding the impact of the Reimagine Midland College Bond Program
Did You Know?
Texas public universities receive State funds for bricks and mortar, community colleges do not.
Community college funding sources include: philanthropy, corporate giving, revenue bonds, and general obligation bonds.
Breaking down the Tax Impact
Midland College represents 5.46% of your total tax burden. A successful bond will raise your taxes by 3.27%.
Understanding Your Home Appraisal
Property appraisals and valuations are determined by Midland County, not Midland College.
To better understand how property appraisals are determined, visit the Midland County Appraisal District website or contact their office for more information.
Bond and Tax History
In its more than 50-year history, Midland College has sought and passed three bonds totaling $53.2 million. The last bond election for Midland College was in 2005.
Tax Rate History
Over the past twenty years, Midland College has reduced its tax rate by 63.07% from 0.2247 in 2005 to 0.08298 in 2024.
$450 Million Bond Proposal
The Midland College 2025 Bond Proposal includes funding for Applied Technology, Health Sciences, Campus Renewal, and Safety and Security.
Bond Proposal Breakdown
Applied Technology: $277.5M
Health Sciences: $43M
Campus Renewal: $119.5M
Safety & Security: $10M
Total: $450M
Proposed Tax Rate
The proposed bond includes a tax rate increase of $0.04972, bringing the total rate to $0.1328 per $100 of property valuation. Even with this increase, the new rate remains $0.0919 lower than the tax rate following the passage of the 2005 bond. For a home valued at $100,000, this equates to an estimated $4.14 per month.
