The Board of Directors of Montgomery County Municipal Utility District No. 89 approves property tax reduction of 6.28 cents and a 5% homestead exemption for 2018-19 budget.
The Board of Directors of Montgomery County Municipal Utility District No. 89 has recently approved two property tax cost reduction measures for 2018-19 budget. First, a 5% homestead exemption of the county appraisal value will go into effect this year. Secondly, the district cut 6.28 cents from last years tax rate, reducing property tax bills across the district. The overall average property tax savings per bill will be about $250.00 on a county property appraisal value of $225,000 with the homestead exemption. Your actual tax savings will vary based upon each individual property appraisal value.