The Cypress Hill MUD Board is proposing to set a 2019 tax rate of $0.72 per $100 assessed valuation, a reduction of 3 cents from the 2018 tax rate of $0.75. The Board continues to reduce its tax rate as its finances permit, going from a tax rate of $1.25 in 2006 to a proposed tax rate of $0.72 in 2019.
Because appraised values in the District have increased over 2018 values, taxpayers can expect a tax bill from the District in approximately the same amount as last year.
The District cautions that other political subdivisions (like Harris County) plan to increase their tax rate so taxpayers may see an overall increase in their tax bills. Taxes are due on January 31, 2020.
The District welcomes comments on the proposed tax rate at its next meeting to be held on October 18, 2019 at 11 a.m., at the Sydney Harbour Clubhouse. Written comments may be sent through the contact form on the website. The tax rate will be finalized after the public comment period on October 18.