Notice of Public Hearing on Tax Rate – October 24, 2024
The Northgate Crossing Municipal Utility District #2 will hold a public hearing on the proposed tax rate for the 2024 tax year.
The meeting is scheduled for October 24, 2024, at 12:00 p.m. and will take place at Spring Fire Station 78, located at 1225 Booker Road, Spring, TX 77373.
Tax Rate Analysis
This year, the proposed tax rate is set at $0.700 per $100 of property value, which is a decrease from last year’s rate of $0.750.
This represents a 6.66% decrease in the rate, reflecting a notable reduction in the tax burden per $100 of value.
However, due to an increase in average property values—from $283,906 last year to $308,731 this year—the actual tax payable on an average residence homestead will see a slight increase of 1.49%, equating to approximately $31.82 more than the previous year.
Further Information
For detailed analyses and to view the complete proposal, including comparisons and specifics about exemptions and homestead values, residents are encouraged to visit Texas.gov/PropertyTaxes. This platform provides easy access to local property tax databases and information about proposed tax rates and upcoming public hearings for entities that tax your property.
For more details, you may also refer to the “Notice of Public Hearing“ document, which includes complete data and statements from the council regarding the proposed tax rate changes.
By attending the public hearing, property owners will have the opportunity to voice their opinions and learn more about how their property taxes might be affected. Don’t miss this crucial meeting to stay informed about your taxes!