Residents of Arcola Municipal Management District No. 1 should take note of an important upcoming event. On Wednesday, September 11, 2024, at 6:00 p.m., a public hearing will be held at 202 Century Square Blvd., Sugar Land, Texas, to discuss the proposed tax rate for the 2024 tax year. This hearing is crucial for property owners, as it will determine how their taxes may change in the coming year.
Key Details:
- Proposed Tax Rate: The proposed tax rate for 2024 remains unchanged at $0.840 per $100 of value. However, the actual tax you pay may vary depending on the appraised value of your property and how it compares to the value of other properties within the district.
- Impact on Property Owners: The tax on an average residence homestead is estimated to be $2,457.63 under the proposed rate. This figure is based on an average appraised value of $292,575. Keep in mind that this calculation is an estimate and actual taxes may vary.
- Taxpayer Rights: If the combined tax rate results in an increase in taxes on the average residence homestead by more than eight percent, residents have the right to petition for an election to reduce the tax rate. This ensures that any significant tax increases must be approved by the community.
- No Residential Homesteads for Comparison: It’s important to note that last year there were no residential homesteads available for comparison, so this year’s figures are based solely on current appraisals.
For those interested in more detailed information, including the specifics of the proposed tax rate and its potential impact, the Notice of Public Hearing on Tax Rate provides a comprehensive breakdown. Additionally, if you have any questions or need further clarification, you can contact the tax office at (281) 499-1223.
Staying informed and participating in this hearing is essential for ensuring that your financial interests are represented and protected.