THE WOODLANDS, TEXAS (August 25, 2016) – The Woodlands Township will hold two public hearings on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 4.55 percent (percentage by which proposed tax rate exceeds lower of rollback tax rate or effective tax calculated under Chapter 26, Tax Code). Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted.

The first public hearing will be held on August 31, 2016 at 6:00 PM at 2801 TECHNOLOGY FOREST BLVD., THE WOODLANDS, TX 77381.

The second public hearing will be held on September 7, 2016 at 6:00 PM at 2801 TECHNOLOGY FOREST BLVD., THE WOODLANDS, TX 77381.

The members of the governing body voted on the proposal to consider the tax increase as follows:

FOR: MIKE BASS, GORDY BUNCH
LAURA FILLAULT, JEFF LONG
JOHN MCMULLAN, ED ROBB
ANN SNYDER

AGAINST: NONE
PRESENT and not voting: NONE
ABSENT: NONE

The average taxable value of a residence homestead in The Woodlands Township last year was $426,726. Based on last year’s tax rate of $0.2300 per $100 of taxable value, the amount of taxes imposed last year on the average home was $981.47.

The average taxable value of a residence homestead in The Woodlands Township this year is $439,696. If the governing body accepts the effective tax rate for this year of $0.2200 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $967.33.

If the governing body adopts the proposed tax rate of $0.2300 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $1,011.30.

Members of the public are encouraged to attend the hearings and express their views.