Notice of Public Hearing on Tax Rate – September 9, 2024
Good news for residents of Montgomery County Municipal Utility District No. 121! The district has announced a proposed decrease in the property tax rate for the upcoming year. This change could mean savings for many homeowners in our community.
The Proposed Change
For the 2024 tax year, the district is proposing to lower the tax rate from $0.85500 to $0.83000 per $100 of property value. This represents a 2.92% 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 offset this rise for many homeowners. According to the district’s calculations:
- The average home value has increased from $502,894 to $510,656
- However, due to the lower tax rate, the average homeowner could see a decrease of about $30.29 in their annual property tax bill
Public Hearing Details
Interested in learning more or voicing your opinion? A public hearing on this proposed tax rate has been scheduled for:
- Date: Monday, September 9, 2024
- Time: 10:00 A.M.
- Location: The Palm, 251 Central Pine Street, Montgomery, Texas 77316
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. The 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.
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!