The Cypress Klein Utility District will hold a public hearing to discuss the proposed tax rate for the 2024 tax year on:
- Date: Monday, October 14, 2024
- Time: 5:30 PM
- Location: 15705 North Greenfield Dr., Spring, Texas 77379
Analysis of the Proposed Tax Rate
The proposed tax rate for 2024 remains unchanged from last year at $0.101500 per $100 of value. However, due to the increase in average appraised residence homestead value from $327,429 to $349,596, taxes on the average residence homestead will rise from $332.34 to $354.84. This results in an annual increase of approximately $22.50, or a 6.77% increase in taxes for the average homeowner.
Although the tax rate itself is not changing, the increased property values will lead to higher taxes for many homeowners. If the combined debt service, operation and maintenance, and contract tax rates result in more than an eight percent increase in taxes, an election will be required to approve the new rate.
For More Information
For more details regarding the proposed tax rate and property values, visit Texas.gov/PropertyTaxes. This site provides access to local property tax databases, allowing you to explore the proposed rates and scheduled public hearings. For further inquiries, you can contact Wheeler & Associates, Inc. at 713-462-8906.
Please refer to the attached document for additional information on the tax rate proposal.