Home Montgomery County Montgomery County creates first tax reinvestment zone for 1,465-acre development near Magnolia

Montgomery County creates first tax reinvestment zone for 1,465-acre development near Magnolia

Montgomery County creates first tax reinvestment zone for 1,465-acre development near Magnolia

The Kresston development by Johnson Development Company will be the first Tax Increment Reinvestment Zone for Montgomery County. (Courtesy Johnson Development Corporation) Montgomery County commissioners approved the creation of the county’s first tax increment reinvestment zone, or TIRZ, on June 18 surrounding a new 1,465-acre residential and commercial development in the Magnolia area.

Original Article: https://communityimpact.com/houston/conroe-montgomery/government/2024/06/20/montgomery-county-creates-first-tax-reinvestment-zone-for-1465-acre-development-near-magnolia/

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