Bay Colony West Municipal Utility District will hold a public hearing to discuss the proposed tax rate for the 2024 tax year. This hearing is an important event for property owners to understand how the tax rate will impact their individual tax bills.
Meeting Details:
- Date: September 25, 2024
- Time: 5:00 PM
- Location: 6621 Calder Dr., League City, Texas 77573
Tax Rate Analysis
The proposed tax rate for the 2024 tax year remains unchanged at $0.900000 per $100 of assessed value, identical to last year’s adopted rate. Despite the steady rate, the increase in average residence homestead value from $295,816 to $311,793 means that the average homeowner will see an increase in their annual tax bill.
Key Points:
- Average Homestead Taxable Value: Increased from $295,816 last year to $311,793 this year.
- Annual Tax Increase: If the proposed rate is adopted, the tax on an average homestead will increase by $143.80, which is a 5.40% increase compared to the previous year.
Important Considerations
Individual tax changes may vary depending on the assessed value of your property relative to other properties in the district. For more detailed information about the proposed tax rates and the impact on your taxes, you can visit Texas.gov/PropertyTaxes for a link to your local property tax database.
Find Out More
For a comprehensive breakdown of the proposed tax rate and its impact, please refer to the Notice of Public Hearing on Tax Rate document. This document provides a detailed comparison of last year’s and this year’s tax rates, exemption information, and your rights as a taxpayer.