Water District

Notice of Public Hearing on Tax Rate

Hurst Creek Municipal Utility District will hold a public hearing on a proposed tax rate for the tax year 2023 on September 18, 2023 at 9:00 a.m. at 102 Trophy Drive, The Hills, Texas 78738. Your individual taxes may increase at a greater rate or even decrease, depending on the tax rate that is adopted and on the change in the taxable value of your property in relation to the change in taxable value of all other property. The change in the taxable value of your property in relation to the change in the taxable value of all other property determines the distribution of the tax burden among all property owners.

Visit Texas.gov/PropertyTaxes to find a link to your local property tax database on which you can easily access information regarding your property taxes, including information about proposed tax rates and scheduled public hearings of each entity that taxes your property.

FOR the proposal:               Directors William A. Coskey, Jim Wingard, Mike Maroney, Tom Stiles, and John Almond

AGAINST the proposal:      None

PRESENT and not voting: None

ABSENT:                              None 

The following table compares taxes on an average residence homestead in this taxing unit last year to taxes proposed on the average residence homestead this year.

                                                                                    Last Year                  This Year

Total tax rate (per $100 of value)                              $0.2707/$100            $0.2392/$100

                                                                                    Adopted                     Proposed

Difference in rates per $100 of value                               -$0.0315/$100

Percentage increase/decrease in rates (+/-)                   -11.64%

Average appraised residence homestead value      $1,000,048                $1,004,875    

General homestead exemptions available

(excluding 65 years of age or older

or disabled person's exemptions)                 $ 481,464                  $ 431,259      

Average residence homestead taxable value         $  518,584                 $   573,616     

Tax on average residence homestead                    $ 1,403.81                 $ 1,372.09     

Annual increase/decrease in taxes if 

proposed tax rate is adopted (+/-)              -$31.72

and percentage of increase (+/-)                -2.26%
 

NOTICE OF VOTE ON TAX RATE

If the district adopts a combined debt service, operation and maintenance and contract tax rate that would result in the taxes on the average residence homestead increasing by more than 3.5 percent, an election must be held to determine whether to approve the operation and maintenance tax rate under Section 49.23602, Water Code.

The 86th Texas Legislature modified the manner in which the voter-approval tax rate is calculated to limit the rate of growth of property taxes in the state.