2024 Tax Update: FBCLID 2 continues to lower tax rate

On September 18, 2024, the FBCLID2 Board of Directors unanimously voted to reduce the 2024 tax rate to $0.118 (per $100 of assessed value). This represents a 5.6%, reduction compared to the 2023 tax rate. The FBCLID 2 Board also adopted a budget for the next fiscal year that reduces overall expenses by 2.5%. While FBCLID 2 tax rates have dropped, the impact on each homeowner’s tax bill will depend on the assessed value of each individual property.

Since Hurricane Harvey in 2017, the District has invested more than $85 million to enhance drainage and flood protection for all residents. The commitment to modernize all critical facilities has not only helped maintain home values in FBCLID2, but also helped increase the taxable value of all property by more than $1.5 billion since Hurricane Harvey, an overall increase of 30%. As pictured below, FBCLID2 has almost returned to the 2016 tax rate that was levied prior to the Hurricane Harvey Capital Improvement Program.

Fort Bend County Tax Assessor/Collector

As a reminder, FBCLID 2 taxpayers now receive a consolidated tax statement from the Fort Bend County Tax Assessor/Collector. FBCLID 2 residents should not expect to receive a separate FBCLID 2 tax statement. Tax statements are available online in the following location: https://www.fortbendcountytx.gov/government/departments/tax-assessor-collector/property-taxes