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Property Taxes

Its TRUE … if you compare Spring Texas property taxes to other states they are higher. But WHY are they higher? Because Texas has NO state income tax. Thus we pay for our schools, roads, infrastructure, and social services through our property taxes.

Our real estate taxes have three components…..

1) County tax – Homes in Spring Texas are located in either Harris County or Montgomery County. The county tax is composed of the county, county flood control, port of houston authority, county hospital district, county education department, junior college district – Lone Star college system, county emergency service district – fire, and the county emergency service – ambulance . The 2012 tax rate for Harris County is approximately $0.816 and for Montgomery County it is approximately $0.777. The rates are for every $100 of assessed property value.

2) School District tax– Tax assessed by the school district that the property is located in. Homes located in Spring Texas are going to be in either the Conroe school district, the Klein school district, or the Spring school district. The 2012 tax rate for the Conroe school district is $1.29 and for the Klein school district it is $1.44 and for the Spring school district it is $1.57. All rates are for every $100 of assessed property value.

3) MUD (Municipal Utility District) tax– MUDs are the political entities which provide water and sewer services to the majority of residential and commercial property owners who do not receive those services from the City of Houston. The MUD tax rates range from $0.00 to $1.40 per every $100 of assessed value. Some of our older subdivisions that were developed in the late 1970s do not have a MUD tax because the bonds have been repaid.

The total combined tax rate of 1) County + 2) School District + 3) MUD = $2.10 to $3.68 per $100 of assessed value. The average combined tax rate in the Spring Texas area is $2.90. For a home with an assessed value of $150,000, the property tax burden before homestead, over 65, or disability exemption would range from $3,150 to $5,520 a year. The school district and the MUD taxes combined represent 50% to 80% of the total property tax burden.

All of the tax rates for the current tax year are released around the October / November time frame. Thus we currently only know the 2012 tax rate.

One more thing on the subject of real estate taxes is you may qualify for a homestead exemption that will REDUCE your total tax bill.

Below is additional information on our property taxes, how to qualify and receive tax exemptions, how to protest your taxes, and whether real estate taxes will be increasing or decreasing.

What you need to know about Spring Texas real estate taxes

When you are considering buying a Spring Texas home, there are a couple of things you need to know about real estate taxes. 1. Tax Amount Without Exemptions - The real estate taxes identified on a home's listing is BEFORE / WITHOUT exemptions.  You may qualify for a homestead, over 65, or disabled exemptions. All of these exemptions will reduce your Spring Texas real estate taxes.  How much lower the real estate taxes will be for a property depends upon the...Continue Reading

Harris County home values drop further in 2012

The Harris County appraisal district has finished their assessment of residential home values and not the bill but the value will soon be arriving in your mailbox. How will your Spring Texas home fare?  Will your home's tax value be higher, lower, or stay the same?  For the majority of Harris County homeowners the tax assessed value of their homes will remain the same for 2012. But some homeowners experienced a further decline in value in 2012.  To the right is how the numbers break down for 2012. If...Continue Reading

Knock, Knock … It’s the tax man

Has this situation ever happened to you?  After hearing a knock on your front door, you get up to see who it is.  But instead of finding a girl scout selling cookies on your front porch, you find an appraiser from the Harris County Appraisal District. After showing you his identification badge and introducing himself, the appraiser bombards you with questions about your Spring Texas house. "How many rooms are there in your house?" "How many bathrooms do you have?" "Do you have a pool?" "Can I...Continue Reading

Understanding the Property Tax System

In Spring Texas, our property tax system is comprised of four stages: 1. Appraising the taxable property, 2. Reviewing and equalizing the appraised values, 3.  Adopting the tax rates and 4. Collecting the taxes. Appraising the taxable property - Residential properties in Harris County are appraised as of January 1st of the tax year. An appraised value and a market value is determined for your home. Between January 1 - April 30th, the Harris County appraisal district also processes applications for exemptions with the most common exemption being the...Continue Reading

Majority of Harris County home values remain unchanged for 2011

Do you think the Spring Texas real estate market improved last year?  If you think the real estate market was relatively unchanged last year, the Harris County Appraisal District (HCAD) agrees with you. The Harris County Appraisal District is the organization responsible for appraising all commercial and residential real estate in Harris County as of the first of each year.   For 2011 the Harris County Appraisal District tax assessed: 8% of single family homes at an increase over 2010 73% of single family homes at the same as 2010 19% of...Continue Reading

What are the tax advantages of owning a home?

Are you looking for ways to cut your income taxes?  Do what 34.6 million taxpayers already do to cut their taxes. They own a home and deduct the interest they paid on their home mortgages. The mortgage interest deduction cuts their federal income taxes by a total of nearly $77 billion. What are the tax advantages of owning a Spring Texas home?  There are 3 main tax deductions: 1. Mortgage interest - The interest you paid on your home's mortgage.  Your lender will send you a Form 1098  reflecting...Continue Reading

Spring Texas Real Estate Taxes – Top 3 things you need to know

Top 3 things you need to know about Spring Texas real estate taxes: 1.  You did NOT file for your homestead exemption at closing.  Although you signed a pile of documents when you closed on your Spring Texas house, the homestead exemption form was not one of them.  You can only file for the homestead exemption between January 1st - April 30th of the tax year.  If you are uncertain if your account has a homestead exemption, then go to either the Harris County Appraisal District website or the Montgomery...Continue Reading

How to file for a homestead exemption on your Spring Texas home

If you bought a home in Spring Texas in 2010, you have until April 30th to file for a residential homestead exemption. The homestead exemption will reduce the tax assessed value of your house which saves you money on your Spring Texas real estate taxes. There are additional exemptions available which may reduce your real estate taxes even further including exemptions for 65 and over, disability, 100% veterans and a surviving spouse. The main things to remember are you have to file and you have to file for the exemption between January...Continue Reading

How to dispute your real estate taxes

If you haven't filed a protest of your Spring Texas real estate taxes yet, you still can.  But don't wait too much longer as the protest deadline is June 1st. Once you decide to protest the tax assessed value of your Spring Texas house, the next decision you have to make is do you protest the value yourself or do you hire a property tax reduction firm to do it for you? If you have the time to prepare, feel comfortable in presenting your data,...Continue Reading

How to protest Spring Texas real estate taxes

Today is April 15th.  The day the majority of us associate with as the day our income tax returns are due.  I am not going to write about income taxes.  Although I do have an accounting degree, I am not qualified to give advice on the many changes in the income tax laws.  What I am qualified to write about is Spring Texas real estate and how you can protest your Spring Texas real estate taxes. If you haven't received your 2010 property valuation from the Harris...Continue Reading