Notice of Public Hearing on Tax Rate – September 16, 2024

The Beaver Creek Water Control & Improvement District No. 1 has announced a public hearing to discuss the proposed tax rate for the year 2024. This hearing is a crucial event for all property owners within the district, as it will determine the distribution of the tax burden based on changes in the taxable value of properties.

Key Details:

  • Date and Time: The hearing is scheduled for Monday, September 16, 2024, at 6:00 p.m.
  • Location: Gospel Fellowship Church, 757 Beaver Creek Drive, Caldwell, Burleson County, Texas.

What You Need to Know About the Proposed Tax Rate

The proposed tax rate for 2024 is set at $0.2500 per $100 of property value, which is the same as the rate adopted in the previous year. However, even with no change in the rate itself, the impact on your individual taxes may vary depending on the change in the appraised value of your property compared to others.

Important Considerations:

  • Average Residential Homestead Value: The average appraised value of a residence homestead has decreased from $141,107 last year to $130,044 this year.
  • Impact on Taxes: Despite the decrease in appraised value, the average taxable value has increased, leading to a proposed tax of $287.73 on the average residence homestead, up from $267.60 last year. This represents a 7.52% increase in taxes for the average homeowner.

Your Rights as a Taxpayer

As a property owner in the district, you have the right to challenge the proposed tax rate. If the new rate results in more than an 8% increase in taxes on the average residence homestead, you can petition for an election to reduce the rate. This is part of the changes brought about by the 86th Texas Legislature to control property tax growth.

Stay Informed

For more detailed information on your property taxes, including the proposed rates and public hearing schedules, you can visit the Texas government property tax website at Texas.gov/PropertyTaxes. This resource provides easy access to your local property tax database, helping you stay informed and prepared for the upcoming hearing.

Final Thoughts

Attending the public hearing on September 16 is an excellent opportunity to voice your opinion on the proposed tax rate and understand how it will affect your property taxes. Whether you support or oppose the rate, your participation ensures that your voice is heard in this critical decision-making process.

For more detailed information and to view the official notice, refer to the document provided here.