Harris County Municipal Utility District 374’s Board of Directors voted September 14, 2017 to lower property taxes to 85 cents from the current 92 cents per one hundred dollar taxable value. HC 374 covers Phase 1 and Phase 11 of Cypress Creek Lakes. This is the largest single reduction in the tax rate since the district was formed. The reduction will still allow the district to maintain current facilities and operations. The taxable value of each individual property is set by Harris County Appraisal District so the amount of reduction will vary for each home. Each property owner will see this new rate reflected in their tax statement to be sent in December.
MUD 374 Board members