Water District Notice of Public Hearing on Tax Rate

Date:

Water District
Notice of Public Hearing on Tax Rate

The BRAZORIA COUNTY MUNICIPAL UTILITY DISTRICT NO. 55 will hold a public hearing on a proposed tax rate for the tax year 2023 on Thursday, November 9, 2023, at 10:30 a.m., at the offices of Allen Boone Humphries Robinson LLP, 3200 Southwest Freeway, Suite 2600, Houston, TX 77027. Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the tax rate that is adopted and on the change in the taxable value of your property in relation to the change in taxable value of all other property. The change in the taxable value of your property in relation to the change in the taxable value of all other property determines the distribution of the tax burden among all property owners.

Visit Texas.gov/PropertyTaxes to find a link to your local property tax database on which you can easily access information regarding your property taxes, including information about proposed tax rates and scheduled public hearings of each entity that taxes your property.

FOR the proposal: Houston Hamilton, Cathy Verret, Emily Ortega

AGAINST the proposal: None

PRESENT and not voting: None

ABSENT: Virginia Woodring, Darrin Hall

The following table compares taxes on an average residence homestead in this taxing unit last year to taxes proposed on the average residence homestead this year.

Last Year This Year
Total tax rate (per $100 of value) $0.88500 /$100 $0.88500 /$100
Adopted Proposed

Difference in rates per $100 of value $0.00000 /$100
Percentage increase/decrease in rates(+/-) 0.00%

Average appraised residence homestead value $371,919 $461,384

General homestead exemptions available $7,738.00 $46,728.00
(excluding 65 years of age or older or
disabled person’s exemptions)

Average residence homestead taxable value $364,181 $414,656
Tax on average residence homestead $3,223.00 $3,669.71

Annual increase/decrease in taxes if
proposed tax rate is adopted (+/-) $446.70
and percentage of increase (+/-) 13.86%

 

NOTICE OF TAXPAYERS’ RIGHT TO ELECTION TO REDUCE TAX RATE

If the district adopts a combined debt service, operation and maintenance, and contract tax rate that would result in the taxes on the average residence homestead increasing by more than 8 percent, the qualified voters of the district by petition may require that an election be held to determine whether to reduce the operation and maintenance tax rate to the voter-approval tax rate under Section 49.23603, Water Code.

The District has issued bonds and is required to levy a debt service tax rate to support the payment on such bonds. Further, the District has infrastructure that requires regular operations, maintenance, and repairs that necessitates the levy of an operations and maintenance tax in an amount to maintain the infrastructure in good working condition and establish adequate reserves.

The 86th Texas Legislature modified the manner in which the voter-approval tax rate is calculated to limit the rate of growth of property taxes in the state.

Should you have any questions concerning this notice, please contact the tax office at 281-482-0216.

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