Residents of Montgomery County Municipal Utility District No. 113, take note! The district has announced a proposed decrease in the property tax rate for the upcoming year. This change could result in substantial savings for many homeowners in our community.

The Proposed Change

For the 2024 tax year, Montgomery County MUD 113 is proposing to lower the tax rate from $0.64000 to $0.56000 per $100 of property value. This represents a significant 12.50% decrease in the tax rate.

What This Means for Homeowners

While property values in our area have seen a slight increase, the lower tax rate is expected to more than offset this rise for many homeowners. According to the district’s calculations:

  • The average home value has increased from $556,421 to $562,964
  • Due to the lower tax rate, the average homeowner could see a decrease of about $189.87 in their annual property tax bill
  • This represents a 6.40% decrease in taxes for the average residence homestead

Public Hearing Details

Interested in learning more or voicing your opinion? A public hearing on this proposed tax rate has been scheduled for:

Your Rights as a Taxpayer

It’s important to note that if the final adopted tax rate would result in a tax increase of more than 8% on the average residence homestead, voters have the right to petition for an election to potentially reduce the operation and maintenance tax rate.

Stay Informed

For more detailed information about how this change might affect your specific property, review the attached notice and visit Texas.gov/PropertyTaxes. This website provides links to local property tax databases where you can access information about your property taxes, proposed rates, and scheduled public hearings.

If you have any questions about this proposed change, you can contact the tax office directly at 281-482-0216.

The Bottom Line

This proposed tax rate decrease is a significant move that could benefit many homeowners in our district. It’s a prime example of how changes in local governance can directly impact our wallets.

Remember, staying informed and engaged in local governance is key to ensuring our community’s needs are met while maintaining fiscal responsibility. Mark your calendars for the public hearing and make your voice heard!