The Harris County Municipal Utility District No. 173 will hold a public hearing on a proposed tax rate for the 2024 tax year. Below are the key details for the meeting:
Date: October 8, 2024
Time: 12:00 p.m.
Location: Recreation Center, 17333 Longenbaugh Drive, Houston, Texas 77095
2024 Tax Rate Analysis
For the 2024 tax year, the proposed tax rate is set at $0.37 per $100 of property value, a slight decrease from last year’s rate of $0.38208 per $100.
This reflects a 3.16% reduction in the rate.
However, due to the increase in the average appraised residence homestead value from $366,812 in 2023 to $388,435 in 2024, the taxes on the average residence homestead will rise by approximately 2.55%.
Key Figures:
- Average residence homestead taxable value: $349,591 (2024)
- Tax on average residence homestead: $1,293.49 (2024), up from $1,261.35 in 2023
- Annual increase in taxes (if proposed rate is adopted): $32.14
If the adopted tax rate results in taxes on the average homestead increasing by more than 3.5%, an election will be required to approve the new rate, as per Section 49.23602 of the Water Code.
For More Information
For additional details and a comprehensive breakdown of the tax rate and its effects, please refer to the official document. You can also visit Texas.gov/PropertyTaxes to access more information regarding your property taxes, including proposed rates and scheduled public hearings.