Below is a chart that shows the impact of the proposed tax rate increase over a 25-year period. For the past several years, the appraised taxable values for homes in Jersey Village have increased each year by ten percent for homes with a Homestead Exemption and even more for properties without a Homestead Exemption. The chart uses the current (2022) JV Tax Rate and the two rate increases provided within the city documents for the bond propositions. The chart shows the long-term effect of those rate increases using a taxable value starting at $390,000. The projected impact of the rate increases provided by the city assumes no taxable value increases for homes in Jersey Village to minimize the appearance of impact on property taxes by those bond propositions.
