West U Hearing on Budget
The West University Place City Council will hold the first of two public hearings on a tax increase for homeowners, to finance a proposed $34.3 million city budget for 2015.
Taxes will increase by an average 5.8 percent for the average for the “typical” West U homeowner, according to City Manager Michael Ross.
Ross, in the proposed $34.3 million budget for fiscal year 2015, has actually recommended lowering the city’s tax rate. But, property values in West U have increased by about 10.3 percent this year.
The Harris County Appraisal District recently reevaluated property values throughout the Houston area. The total appraised value of property in West U now stands at $4.92 billion, with the “average” residence valued at $898,000.
Ross has proposed lowering the tax rate by 1.5 percent.
The city manager has recommended reducing the tax rate from .37410 per $100 of property value to .36179 per $100 of property value, but taxes will increase by about $18 per month for the “average” West U homeowner, Ross said.
Tonight’s hearing, at West U’s Municipal Building, is scheduled to start at 5:15 p.m. A second public hearing on the tax rate in West U will be held Monday, September 22, at 6:30 p.m. It will be held before the city council’s regularly scheduled meeting, at the Municipal Building.