As a resident of Point Aquarius, it’s important to stay informed about changes that may impact your property taxes. The Point Aquarius Municipal Utility District (MUD) has announced a public hearing to discuss the proposed tax rate for the 2024 tax year. This hearing is scheduled for September 17, 2024, at 5:00 PM, and you have the option to attend in person or via video conference.
What You Need to Know
The proposed tax rate for 2024 is $0.4765 per $100 of property value, an increase from last year’s rate of $0.4300. This change represents a 10.81% increase in the rate, which translates to an additional $227.07 in taxes for the average residence homestead, a 17.43% increase compared to last year.
Why Is the Rate Increasing?
The additional revenue generated from this tax increase is intended to support debt service payments and the ongoing operations and maintenance of the utility system within the district. This is crucial for ensuring that the infrastructure continues to meet the community’s needs.
What Happens Next?
If the proposed tax rate results in more than a 3.5% increase in taxes on the average residence homestead, Texas law requires that an election be held to allow residents to approve or reject the new rate. However, if the final adopted rate is less than or equal to the voter-approval tax rate, no election will be necessary.
How Can You Get Involved?
This public hearing is your opportunity to voice your opinion and learn more about how the proposed tax rate may affect you. You can attend the hearing in person at 13185 Point Aquarius Blvd., Willis, TX, or join via video conference through the link provided by the MUD.
For those interested in further details, such as the specific figures regarding last year’s and this year’s tax rates and property values, the full notice contains all the relevant information. Staying engaged and informed is key to understanding and influencing decisions that affect our community.
By participating in this process, you contribute to the financial health and sustainability of Point Aquarius, ensuring that our community continues to thrive while managing the costs that come with maintaining essential services.