The Fort Bend County Municipal Utility District No. 115 (FBC MUD 115) will hold a public hearing on the proposed tax rate for the 2024 tax year. This hearing is scheduled for Monday, September 23, 2024, at 9:30 a.m. at 202 Century Square Blvd., Sugar Land, Texas, or by videoconference via Microsoft Teams.
Key Details About the Proposed Tax Rate
- Proposed Tax Rate: The proposed rate for 2024 is $0.320 per $100 of value, a decrease from last year’s rate of $0.350 per $100, reflecting a reduction of $0.030 per $100.
- Impact on Average Homestead: The average appraised residence homestead value has increased from $587,973 to $647,519. With the proposed tax rate, the tax on the average residence homestead is expected to slightly increase from $1,749.22 to $1,761.25, resulting in an annual increase of $12.03.
Taxpayer Rights and Participation
Taxpayers should note that if the combined debt service, operation, and maintenance tax rate causes taxes on the average homestead to increase by more than 3.5%, an election will be required to approve the rate. This aligns with Section 49.23602 of the Water Code, reflecting legislative efforts to manage property tax growth.
How to Get More Information
Your participation is important, as changes in your property’s value relative to others will impact your tax rate. For more detailed information about the proposed tax rate and its impact, visit Texas.gov/PropertyTaxes where you can find links to local property tax databases and hearing schedules.
For further questions regarding the proposed tax rate, please refer to the official document or contact the tax office at (281) 499-1223.