Understanding Municipal Utility Districts (MUDs) in Real Estate
If you're in the process of buying or selling a property, you might come across the term "MUD" in your research. A MUD, or Municipal Utility District, is a special-purpose district created by the state of Texas to provide water, sewage, and drainage services to its residents.
MUDs are commonly found in areas outside of city limits, where city services are not available. They are typically governed by a board of directors elected by the residents, and they have the authority to levy taxes and issue bonds to fund infrastructure projects.
Here's what you need to know as a buyer or seller when it comes to MUDs:
Research the MUD before you buy. Before you make an offer on a…
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