Fort Bend County Municipal Utility District No. 129 will be holding a public hearing to discuss the proposed tax rate for the 2024 tax year. This meeting is an opportunity for residents to learn about the proposed rate changes and how they may affect property taxes.
- Date: September 23, 2024
- Time: 12:00 p.m.
- Location: The offices of The Muller Law Group, 202 Century Square Blvd, Sugar Land, TX 77478
Analysis of the Proposed Tax Rate
The proposed tax rate for 2024 is set at $0.190000 per $100 of property value, which is a decrease from last year’s rate of $0.220000 per $100. This reduction of $-0.030000 per $100 represents a 13.64% decrease in the tax rate. Despite the decrease in the rate, the average appraised value of a residence homestead has increased from $581,555 last year to $633,763 this year.
As a result, the tax on an average residence homestead will decrease from $1,279.42 to $1,204.15, marking an annual reduction of $75.27 or 5.88%.
Impact on Property Owners
The actual change in your property taxes will depend on how the value of your property has changed relative to other properties in the district. This comparison determines how the tax burden is distributed among all property owners.
For more information about the proposed tax rate, its impact, and additional details, please refer to the complete document or visit Texas.gov/PropertyTaxes. If you have further questions, you can also contact the local property tax office.