How is ACCs tax rate determined?
ACC’s maintenance and operations (M&O) tax is capped at the voter-approved rate of 9 cents. The ACC Board of Trustees sets the M&O rate within the cap annually; trustees also set the rate for the retirement of facilities bonds. The total tax rate, currently set at $0.0951, is less than the state average of 15 cents.7 The tax rate cap has been raised only once in the history of the college, with voter approval. Any future change to the M&O tax cap would also require voter approval.
