By Beth O’Brien, reporting for Bluebonnet News of Montgomery County
The Woodlands Township’s Board of Directors will vote again on the proposed tax rate next week, after three different motions failed during a special board meeting Thursday night. Five votes are required for the motion to pass.
Board Vice Chairman John McMullan said two of the tax rates considered, $0.2300 and $0.2273 per $100 of assessed property value, require five votes, and there were not five in favor of either of those property tax rates. The current tax rate is $0.2273.
“Even though $0.2273 is not a tax rate increase, it’s a tax increase because people’s appraisals are going up,” said McMullan.
Four votes are required to lower the tax rate to the effective tax rate of $0.2240 per $100 of assessed property value, and there were not four votes for that measure either.
Board Chairman Gordy Bunch was absent from Thursday night’s meeting. There are seven members on the Township Board.
The Board once again will attempt to pass a proposed tax rate on Sep. 18 at 6 p.m., at The Woodlands Township, located at 2801 Technology Forest Boulevard.
The Board approved an operating budget of $127 million for fiscal year 2020. Last year’s operating budget was $130 million.
For details on the budget, click here: http://www.thewoodlandstownship-tx.gov/ArchiveCenter/ViewFile/Item/9440