MUD 26 works hard year-round to support the services and needs of all residents. But what makes MUD 26 unique? How do residents of this MUD benefit, in particular, in comparison to other area entities? Here are a few things that make MUD 26 different.
– Bond rating: The MUD’s bond rating is exceptional, compared to other MUDs, as rated by national agencies. This accomplishment was achieved by the resourcefulness of the MUD. All decisions made by MUD 26 have placed the highest priority on residents and their needs; and to allow for minimal financial stress, via taxes, on the community, MUD 26 has proactively been paying off the bonds. These efforts have contributed to its stellar rating. Another significant financial benefit is that MUD 26’s status allows bonds to be sold at a lower interest rate, thereby decreasing the cost of the overall infrastructure. With the overall principal and interest payments on these bonds being at a lower rate, there is a decreased financial burden on the community for the essential services that the MUD provides.
– Homestead exemption: Another goal of MUD 26 is to protect the value of the properties within the district and the interests of homeowners. For this reason, the district found it appropriate and extremely beneficial to offer a general 20 percent homestead exemption to all residents within the district. In addition to the economic gains it affords the community as a whole, homesteading a property proves advantageous in several circumstances, including that (1) it protects the principal value of a property from property taxes, and (2) if a spouse dies, the surviving spouse is protected. Not only do a number of districts not offer the option of a homestead exemption, but the ones offered are not often as significant as 20 percent. The MUD is confident that this option will be an asset to the community and to all current and aspiring homeowners within the district.
– Location inside of a city: With the number of small and locally owned businesses on the rise in the City of Pearland, the residents of MUD 26 are in a prime location within the city. Because Pearland is such a high-traffic city, there is no shortage of diversity in the population, and residents, as well as visitors passing through, contribute to the economic well-being of the community. The increased growth of small businesses allows for additional job creation, and the ongoing support of commercial businesses (including daycare facilities, a Kroger grocery store, a Hilton Garden Inn, retail shopping centers, restaurants, etc.) further supports the ideally situated location of MUD 26.
The MUD will continue to review all initiatives in a way that allows for the highest comfort level, to ensure that residing in this community remains a pleasant experience.