Texas Tax Code §26.18
Harris County Improvement District No. 3 (the “District”) provides the following financial and tax information pursuant to Texas Tax Code §26.18.
District Contact Information
Harris County Improvement District No. 3
3120 Southwest Freeway, Suite 102
Houston, Texas 77098
Telephone: 713-524-8000
Email:
Board of Directors
Patricia Chesnick — Chair
Cort King — Secretary
Andrew Rice — Director
Chris Gibbs — Director
Barrett Webster — Director
Official correspondence to members of the Board may be directed to the District using the contact information above.
Annual Budgets
The District’s adopted budgets for the current fiscal year and the two preceding fiscal years are available below:
Fiscal Year 2026 — [2026 Adopted Budget]
Fiscal Year 2025 — [2025 Adopted Budget]
Fiscal Year 2024 — [2024 Adopted Budget]
Budget Summary
| Fiscal Year | Budgeted Property Tax Revenue | Total O&M Expenditures |
| 2024 | $4,724,818 | $5,813,072 |
| 2025 | $5,117,811 | $6,237,470 |
| 2026 | $4,943,986 | $6,539,475 |
Change in Budget
From Fiscal Year 2025 to Fiscal Year 2026:
Dollar increase in total O&M expenditures: $302,005
Percentage increase: 4.84%
Budgeted property tax revenue decreased from $5,117,811 in FY2025 to $4,943,986 in FY2026, a decrease of $173,825, or approximately 3.40%.
Property Tax Rates
District property-tax rates are stated per $100 of assessed valuation.
| Tax Year | Maintenance & Operations Rate |
Debt Service Rate | Total Tax Rate |
| 2023 | $0.13129 | $0.00371 | $0.13500 |
| 2024 | $0.12879 | $0.00371 | $0.13250 |
| 2025 | $0.12629 | $0.00371 | $0.13000 |
Current District Property Tax Rate: $0.13000 per $100 of assessed valuation.
The District’s property tax consists of a maintenance and operations component and a debt-service component.
Debt Information
The District has voter authorization for $30,000,000 in tax-supported bonds for economic development and road facilities.
The District has issued $2,500,000 in Unlimited Tax Bonds, Series 2013.
As of October 31, 2025:
Outstanding principal: $1,830,000
Authorized but unissued tax bonds: $27,500,000
The bonds are payable from the proceeds of an ad valorem tax levied upon taxable property within the District, without limitation as to rate or amount.
Annual Financial Report
The District’s most recent independent annual financial report is:
Annual Financial Report — Fiscal Year Ended October 31, 2025
2025 Annual Financial Report (PDF)
Previous Annual Financial Reports:
2024 Annual Financial Report (PDF)
2023 Annual Financial Report (PDF)
Additional Property Tax Information
Additional information concerning property taxes, appraisal values, tax rates, proposed tax rates, tax bills, and property-specific tax information is available through the following official resources:
Texas Property Tax Transparency
https://www.texas.gov/living-in-texas/property-tax-transparency/
Harris County Tax Office — Property Tax
https://www.hctax.net/Property/PropertyTax
This information will be updated following adoption of the District’s Fiscal Year 2027 budget and applicable 2026 property tax rate information.