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.
Notice of Public Hearing on Tax Rate
The Fort Bend County Levee Improvement District No.2 will hold a public hearing on a proposed tax rate for the tax year 2023 on September 20, 2023 at 8:30 am at Little Pump Station, 4435 Greystone Way, Sugar Land TX.
Your individual taxes may increase at a greater or lesser 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 cha:nge 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.