Amarillo College Regents Adopt 2026 Property Tax Rate
The Amarillo College Board of Regents on Tuesday adopted a 2026 property tax rate of $0.24670 per $100 of taxable property value. For the average single-family residence in the Amarillo College taxing district, the annual college property tax bill will increase by $45.06 for the year.
Despite the higher tax rate, Amarillo College expects to receive approximately $1 million less in property tax revenue, for a total of approximately $35 million. Total property values in the College’s taxing district increased by approximately $50 million, but increased property tax ceilings for homeowners resulted in a net decrease of approximately $149 million in taxable property value.
The tax rate was adopted as the College also navigates a significant reduction in state funding. Amarillo College expects to receive approximately $17.3 million in state formula funding, down about $2.3 million from the previous year’s $19.6 million. While the College has excelled in meeting performance metrics, the reduction is the result of a change in how incentives for community college performance funding are calculated.