File Your Income Taxes, Receive Property Tax Credit
Property taxpayers who support Southeast Community College have the opportunity to take advantage of a tax credit when filing their income taxes.
Starting in fiscal year 2024-25, community colleges will get a distribution of funds to replace the property taxes loss. The colleges will maintain levying authority for capital improvement funds. For fiscal year 2025-26 and thereafter, the amount distributed to a community college is the amount in the prior year, increased by 3.5% or the percentage increase in the Reimbursable Educational Units (REUs) of the community college area, whichever is greater. REUs refer to course weighting.