Cinco Municipal Utility District No. 2

District News

Notice of Public Hearing on Tax Rate – September 10, 2024

As a property owner, it’s essential to stay informed about changes that could affect your taxes. On September 10, 2024, Cinco Municipal Utility District No. 2 will hold a public hearing to discuss the proposed tax rate for the 2024 tax year. This is an important opportunity for residents to understand how their taxes may be impacted and to voice any concerns.

Key Points to Consider:

  1. Proposed Tax Rate Changes: The proposed tax rate for 2024 is $0.2500 per $100 of value, which reflects a slight decrease from last year’s rate of $0.2700 per $100 of value. Although the rate has decreased, the average residence homestead taxable value has increased, which could result in a small overall tax increase.
  2. Impact on Property Taxes: For the average residence, appraised at $539,684, the tax would be $1,349.21 under the proposed rate. This represents an increase of $18.48 compared to the previous year, or about 1.39%. This increase is due to the rise in property values despite the lower tax rate.
  3. Potential for a Voter Election: If the adopted tax rate results in an increase of more than 3.5% in taxes on the average residence homestead, a voter election will be required to approve the new rate. This measure is in place to ensure that significant tax increases are supported by the community.
  4. Importance of Participation: Attending the public hearing is a crucial way to stay involved in decisions that directly impact your finances. The hearing will take place at The Fellowship, located at 22765 Westheimer Parkway, Katy, Texas.

For more detailed information, including specific comparisons between last year’s and this year’s tax rates, you can refer to the official Notice of Public Hearing on Tax Rate. This document provides a comprehensive breakdown of the proposed changes and their potential effects on property owners.

Staying informed and participating in these discussions is the best way to ensure your voice is heard in decisions that affect your community and your wallet.

Upcoming Meetings

Tuesday, November 12, 2024 at 9:00 AM

Meeting Location: The Fellowship
22765 Westheimer Parkway, Katy, Texas

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