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Property owners in Harris County, Texas, face higher property tax bills this year after voter and commissioner-approved measures. These changes stem from an 8% tax increase approved last year, a flood control measure passed in November, and rising property valuations. Property owners now face a “triple whammy” of increased costs.
While the law typically limits tax increases to 3.5%, exceptions were made due to natural disasters and other circumstances from the previous fiscal year. The deadline to protest tax assessments is May 15, and taxpayers can take steps to reduce their property taxes by contesting their assessments. Meanwhile, the state legislature is considering raising the homestead exemption and tax rate compression measures to mitigate tax burdens.
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