By: Jessica Shorten
As the current fiscal year draws to a close, a number of Montgomery County governmental entities are setting, or have already set, their tax rates for the 2021-2022 fiscal year. Tax rates are applied for every $100 of home valuation, with the exception of any homestead, agricultural, or other exemptions which may be on a property.
As per usual, school districts in Montgomery County have the highest overall tax rates and comprise the largest portion of a homeowner’s property tax bill. This means changes is tax rates for schools often has the biggest chance to impact your tax bill. These are the set tax rates for Montgomery County schools in the 2021-2022 tax year.
Conroe ISD: $1.1760
New Caney ISD: $1.4603
Magnolia ISD: $1.1872
Montgomery ISD: $1.2600
Splendora ISD: $1.4455
Willis ISD: $1.1720
Even though a large portion of Montgomery County is unincorporated, residents who live within city limits will also be subject to city taxes. Most of the cities in Montgomery County have a public hearing scheduled to hear from citizens regarding the proposed tax rates before they are formally adopted. The cities of Oak Ridge North, Stagecoach, The Woodlands, and Willis have already adopted their tax rates for the 2021-2022 fiscal year.
Conroe: $0.4375 (Public Hearing September 9, 2021 at 6:00 p.m.)
Magnolia: $0.4051 (Public Hearing September 14, 2021 at 7:00 p.m.)
Montgomery: $0.4000 (Public Hearing September 7, 2021 at 6:00 p.m.)
Oak Ridge North: $0.4723
Panorama Village: $0.6534 (Public Hearing September 7, 2021 at 5:30 p.m.)
Patton Village: $0.2558 (Public Hearing September 9, 2021 at 5:30 p.m.)
Roman Forest: $0.6561 (Public Hearing September 14, 2021 at 6:00 p.m.)
Shenandoah: $0.1799 (Public Hearing September 8, 2021 at 7:00 p.m.)
Splendora: $0.3423 (Public Hearing September 14, 2021 at 6:30pm)
Woodloch: (Public Hearing September 8, 2021 at 7:00 p.m.)
The Woodlands: $0.2231
County taxes are applied across the board; meaning even if you live in one of the cities in Montgomery County, you will still face city and county taxes. In a unanimous vote, the Montgomery County Commissioners court approved a tax rate of .4083 cents per $100 of property valuation on July 30, 2021. This is 2.36 cents lower than the current property tax rate of .4319 cents per $100 of taxable property value.
The lower tax rate doesn’t mean the check you write for property taxes will decrease. Since property values increased, the “No New Revenue” tax rate is the rate at which the higher property value maintains the property taxes paid at the same level as last year.
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