Notice of Public Hearing on Tax Rate – October 9, 2024

The Sagemeadow Utility District (U.D.) will hold a public hearing to discuss the proposed tax rate for the 2024 tax year on:

Analysis of the Proposed Tax Rate

The proposed tax rate for 2024 is $0.520 per $100 of value, an increase from last year’s rate of $0.500 per $100 of value. This represents a $0.02 per $100 increase, translating to a 4% increase in the tax rate.

  • The average appraised residence homestead value increased from $249,368 to $258,067.
  • Taxes on the average residence homestead will rise from $1,246.84 to $1,341.94, leading to an annual increase of $95.10 or 7.62%.

For More Information

To access detailed information about the tax rate proposal and other property tax-related details, visit Texas.gov/PropertyTaxes. This resource provides links to local property tax databases, proposed tax rates, and scheduled public hearings.

For further inquiries, contact the Sagemeadow U.D. tax office at (713) 932-9011. More detailed data can be found in the provided document.