The Impact of Harris County’s Property Tax Increase
After a tumultuous year that included the May derecho and Hurricane Beryl in July, Harris County Commissioners Court made the decision to raise property taxes by 8% for the upcoming year.
Initially, it was estimated that this increase would result in an additional $160 for the average homeowner. However, it has since been clarified that this hike will affect all three Harris County taxing entities, not just one.
Starting on October 1, the tax rate in Harris County will rise to 43 cents per every $100 of valuation on a home, up from the current 35 cents.
Houston Association of Realtors Director Bill Baldwin explained, “They also raised the tax rate for the Port of Houston and the Harris Health System, you know, Harris County Health Department. So when you add both the Port and the Health Department and the city and the county, you’re really talking about a $260 increase for the typical $400,000 house.”
Additionally, the Harris County Flood Control District has a bond election on the horizon, which could result in an extra $60 for homeowners. With this in mind, the average homeowner should anticipate a total of $320 in new Harris County taxes next year.
As we prepare for these changes, it’s important to stay informed about the financial implications and adjustments that may be needed to navigate these increases effectively.
Stay updated on the latest news in Harris County with our related story.