Notice of Public Hearing on Tax Rate – October 15, 2024
The Fry Road Municipal Utility District (MUD) will be holding a public hearing on the proposed tax rate for the 2024 tax year. Here are the important details:
Date and Time:
October 15, 2024, at 4:00 PM
Location:
Fry Road MUD District Administration Building
20111 Saums Road, Katy, TX 77449
Tax Rate Analysis
The proposed tax rate for 2024 is $0.32661 per $100 of property value, a slight decrease from last year’s rate of $0.32782 per $100. This represents a 0.36% decrease in the overall rate.
- Average appraised residence value increased from $210,732 last year to $228,228 this year.
- For an average homestead, the tax bill would increase from $552.65 to $596.33, reflecting a 7.9% increase in actual taxes paid.
If the proposed rate increases taxes on the average homestead by more than 3.5%, an election may be required unless the adopted rate stays below the voter-approval rate of $0.32661.
For More Information
To learn more about your property taxes or access the tax rate details, visit Texas.gov/PropertyTaxes. You can also refer to the full document for a detailed breakdown of rates, values, and changes affecting your tax liability for the year 2024.
For additional details, please review the attached document.