Housing Market Drives Property Tax Increase In Montgomery County TX

Housing Market Drives Property Tax Increase In Montgomery County TX

Many Montgomery County homeowners may see a significant increase in their appraised property values this month. The increases are due, in part, to the rising cost of real estate in the area, said Mark Castleschouldt, chief appraiser for the Montgomery County Appraisal District.

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In Montgomery County, appraised property values have increased by an average of 12.5 percent in 2015 over 2014 valuations.

The appraisal district monitors trends in the real estate market for residential properties to identify the selling price of homes in the area, and those numbers are used to determine property values. Using this method, properties are grouped by neighborhood and type to keep values uniform throughout the area.

In Montgomery County and surrounding areas, new residential developments and an increased housing demand have driven up appraised property values significantly, which led to property tax rate hikes.

Access the link below for the complete article.

https://communityimpact.com/houston/economic-development/2015/04/24/housing-market-drives-property-tax-increase-in-montgomery-county/


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Phone: 281-798-9680
Dated: August 2nd 2016
Views: 119
About Geneva: The decision to buy or sell your home can be a very stressful event, which is why it is so important...

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