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Thursday, November 7, 2024

Analysis: Montgomery County effective property tax rate outpaced the national average in Q1 2023

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Property owners in Montgomery County paid 2.1% of the value of their homes in property taxes in the first quarter of 2023, which is more than 1.9 times the national average, according to the real estate analysis posted by the NW Houston News.

The median sales price of a Montgomery County home in the first quarter of 2023 was $187,488, based on data from the 1,175 properties sold during that time. In 2021 the median tax bill for the county was $3,887, which is 2.1% of the median value of the homes that were taxed.

This is 1.9 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Montgomery County real estate data showed homeowners in Porter Heights, Oak Ridge North, and Panorama Village paid the highest rates.

The following table compares Porter Heights with some other cities belonging to Montgomery County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2023.

CityQ1 2023 SalesQ1 2023 Median PriceMedian tax 2023Effective tax rate
Porter Heights4$35,933$1,5794.4%
Oak Ridge North8$125,948$4,4933.6%
Panorama Village13$120,800$4,3203.6%
Roman Forest4$172,444$5,5713.2%
Woodbranch7$106,930$3,2143%
Porter52$157,236$3,9902.5%
Montgomery181$207,144$5,1262.5%
Willis110$129,152$3,0892.4%
The Woodlands218$262,844$6,2562.4%
Spring131$193,810$4,6512.4%
Conroe252$144,828$3,3972.3%
Stagecoach3$177,780$4,1222.3%
Shenandoah13$183,416$4,0652.2%
Magnolia113$231,000$4,5142%
Splendora19$101,408$1,8671.8%
New Caney14$92,366$1,4121.5%
Cleveland11$139,368$2,1401.5%
Pinehurst15$178,592$1,4120.8%
Patton Village2$122,025$7720.6%

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