Notice of Public Hearing on Tax Rate – September 10, 2024
The South Shore Harbour MUD No. 7 will hold a public hearing on a proposed tax rate for the tax year 2024 on September 10, 2024, at 11:30 AM at 2500 South Shore Blvd., League City, Texas. The proposed tax rate may affect your individual taxes depending on changes in the taxable value of your property compared to other properties in the district.
Key Changes in Tax Rates
- Proposed Tax Rate: The proposed tax rate for 2024 is $0.390000 per $100 of value, a decrease from last year’s rate of $0.411200 per $100.
- Percentage Change: This represents a 5.16% decrease in the tax rate.
- Impact on Average Residence: The average residence homestead taxable value has increased from $395,007 last year to $414,476 this year. As a result, the tax on an average residence homestead would decrease slightly from $1,624.26 to $1,616.46, a reduction of $7.80 or 0.48%.
Your Rights as a Taxpayer
If the district adopts a combined tax rate that increases taxes on the average residence homestead by more than eight percent, taxpayers have the right to petition for an election to reduce the tax rate. This is part of the ongoing effort by the Texas Legislature to limit the rate of growth of property taxes in the state.
For more details and to understand how these changes may impact your taxes, please refer to the official document or visit Texas.gov/PropertyTaxes to access your local property tax database.
Attend the Public Hearing
Make your voice heard! Attend the public hearing on September 10, 2024, to learn more and provide your input on the proposed tax rate changes.