At the most recent board meeting, LID 15 Directors voted to reduce the District’s 2019 tax rate to 44 cents per $100 of assessed value for the 2020 tax year. This 13% reduction continues the board’s desire to protect the District but does so fiscally responsibly.
“Since 2014, we have reduced the tax burden on residents while at the same time adding new infrastructure needs for our community. We are proud that we have been able to reduce the tax burden six of the past six years,” Rohit Sankholkar – Board President.
The District is primarily responsible for overseeing storm drainage and maintaining the levee system that protects homes from rising water from the Brazos River. The District also continues to implement projects that increase resilience against flooding. The new tax rate will allow the District to continue to provide these services while also paying down the District’s debt.