Meeting Details
Date: October 17, 2024
Time: 5:00 PM
Location: 14701 Spring Cypress Road, Cypress, Texas 77429
Tax Rate Analysis
The Northwest Harris County Municipal Utility District No. 5 has proposed a tax rate of $0.680000 per $100 of property value for the tax year 2024, representing a slight decrease from the previous year’s rate of $0.690000 per $100.
This change marks a -1.45% decrease in the tax rate. However, due to an increase in the average residence homestead appraised value from $414,456 last year to $445,280 this year, the actual tax burden on an average residence homestead is projected to increase by 5.77%, resulting in an additional $160.85 annually.
Reference to Document
For more detailed information about the proposed tax rate and its implications on your property taxes, please refer to the full notice or visit Texas.gov/PropertyTaxes, where you can access your local property tax database and further details regarding this tax rate proposal.