Notice of Public Hearing on Tax Rate
Residents of Fort Bend County Water Control and Improvement District No. 3 (WCID #3) should be aware of the upcoming public hearing regarding the proposed tax rate for the 2024 tax year. The hearing is scheduled for September 20, 2024, at 11:30 A.M., and will be held at 7930 W. Grand Parkway, Suite 100, Richmond, TX.
What’s New?
The proposed tax rate for 2024 is $0.555 per $100 of property value, which is a slight decrease from the previous year’s rate of $0.560 per $100. Although the tax rate is decreasing by 0.89%, the average appraised value of homes in the district has increased from $739,634 to $800,699. This means that, despite the lower tax rate, the average homeowner will see an increase of approximately $301.92 in their annual property tax bill, a 7.28% increase from last year.
Why It Matters
Understanding these changes is important for managing your financial planning. Even with a reduced tax rate, the increase in property values can lead to a higher tax bill. This shift highlights the importance of staying informed about property tax assessments and how they impact your overall tax obligations.
Get Involved
The public hearing is an opportunity for residents to express their opinions and learn more about how the proposed tax rate might affect them. It’s crucial to participate in these discussions, as they directly impact your finances and the allocation of tax burdens across the district.
For more detailed information, including specific figures and potential impacts, please refer to the full notice provided by Fort Bend County W.C.I.D. #3. Staying informed and involved is key to ensuring that your voice is heard in decisions that affect our community.