Notice of Public Hearing on Tax Rate – October 28, 2024
The Trail of the Lakes M.U.D. is set to host a public hearing concerning the proposed tax rate for the tax year 2024. This important meeting is scheduled for October 28, 2024, at 12:00 p.m. It will be held at 2929 Allen Parkway, Suite 3450, Houston, TX 77019.
For those unable to attend in person, options to join via dial-in at +1(312) 757-3121, Access Code: 291-268-477 or through videoconference at this link are available.
The proposed tax rate for the upcoming year is set to remain constant at $0.60000 per $100 of value, identical to last year’s rate. This proposal indicates no percentage increase or decrease in the tax rate itself.
However, due to changes in property appraisals, the average residence homestead value has risen from $252,716 last year to $268,838 this year, leading to an increase in the projected tax bill from $1,516.29 to $1,613.02, which equates to a 6.37% annual increase in taxes if the proposed rate is adopted.
For more details on this proposed rate and its implications on your property taxes, please refer to the full document available here.
State of Texas also offers access to local property tax databases where you can find comprehensive information about your taxes, including proposed rates and other relevant public hearings.
The upcoming hearing represents a crucial opportunity for property owners to voice their opinions and learn more about the future financial implications on their property taxes.
