While home values have been rising in Montgomery County, the increase in exemptions reduced the amount of taxable value for the county. (Courtesy Unsplash) A record number of tax appraisal lawsuits along with rising home values and a backlog of 11,000 homestead exemptions has led to a $2.3 billion tax value loss for Montgomery County, resulting in an $8.8 million shortage in tax revenue.
Original Article: https://communityimpact.com/houston/the-woodlands/government/2023/08/01/weve-never-had-a-year-quite-like-this-one-montgomery-county-facing-23b-tax-value-loss/
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