2023 Tax Updates: FBCLID2 Lowers Taxes
On September 20, 2023, the Fort Bend County Levee Improvement District No. 2 (FBCLID2) Board of Directors unanimously voted to reduce the 2023 tax rate to $0.125 (per $100 of assessed value). This is a $0.015, or 10.7%, reduction compared to the 2022 tax rate, and it will lower the tax bill on the average home by $13.
A history of fiscal responsibility allows FBCLID2 to further reduce tax rates while the District completes the Capital Improvement Program identified after Hurricane Harvey. Since 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 maintained home values in FBCLID2, but increased the taxable value of all property by more than $1.2 billion since Hurricane Harvey, an overall increase of 25%.
Also, earlier this year, the FBCLID2 Board of Directors approved a major change to the District’s tax collection process by contracting with Fort Bend County to collect taxes. In 2023, FBCLID2 taxpayers will receive a consolidated tax statement from the Fort Bend County Tax Assessor/Collector. Residents should not expect a separate FBCLID2 tax statement. The change to Fort Bend County collecting taxes for FBCLID2 is not only more convenient for residents, but it also reduces the District’s costs and saves your tax dollars.
