Notice of Public Hearing on Tax Rate – September 9, 2024
The Rayford Road Municipal Utility District (MUD) has issued a Notice of Public Hearing on a Proposed Tax Rate for the tax year 2024. The hearing is scheduled for September 9, 2024, at 6:30 PM at 25003 Pitkin Road, Suite D600, Spring, TX 77386.
- Proposed Tax Rate: The proposed tax rate remains the same as the previous year at $0.4140 per $100 of value.
- Impact on Average Residence: The average residence homestead appraised value has increased from $289,388 last year to $310,406 this year. As a result, taxes on the average residence homestead are expected to increase from $1,078.26 to $1,156.58, which is an annual increase of $78.32 (7.26%).
- Taxpayer Rights: If the proposed tax rate leads to an increase of more than 8% in taxes on the average residence homestead, voters may petition for an election to reduce the tax rate.
For more detailed information, please refer to the full document.