HOMESTEAD EXEMPTIONS BREAKDOWN Homeowners in Montgomery County may qualify for exemptions and can le for them with the Montgomery Central Appraisal District.
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CIRCUMSTANTIAL EXEMPTIONS
RESIDENTIAL: The property owner must own and occupy the home Jan. 1 of the year applying for. It exempts $25,000 or up to 20% for school taxes.
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DISABLED PERSON: The property owner must be 100% disabled for at least 12 continuous months. It exempts up to $10,000 of school taxes and freezes the maximum tax amount.
AGE 65 OR OLDER: The property owner must be age 65 or older. It exempts up to $10,000 of school taxes and freezes the maximum tax amount.
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CITY EXEMPTIONS
CONROE: Council approved increasing the city’s property tax homestead exemption from 2.5% to 20% on April 28. The vote also increased exemptions for over-age-65 and disabled persons to $40,000 each. MONTGOMERY: Council approved increasing the city’s property tax homestead exemption to 20% in 2021, which took e ect in 2022.
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STATE EXEMPTIONS
Voters approved a proposition May 7 increasing the residential exemption from $25,000 to $40,000 for school taxes. Voters approved a proposition May 7 allowing the tax amount for schools to decrease instead of remaining frozen for those disabled or over age 65.
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Seeking relief Homeowners may see relief from homestead exemptions and two statewide propositions approved by voters May 7. Lavine said Proposition 1 amended the exemption for those who are disabled or over 65, allowing school taxes to decrease for these home- owners instead of being frozen at age 65 so as not to increase the amount. Proposition 2 increased the homestead exemption for school taxes from $25,000 to $40,000 o of the appraised value. Some cities are taking measures locally to assist homeowners as well. The city of Conroe voted April 28 to increase its property tax homestead exemption from 2.5% to 20%, the maximum allowed by law. Coun- cil also voted to increase the city’s exemption amount for disabled and over-age-65 populations. “These new exemptions are not only allowing tax relief for our seniors and disabled, but also for every hard- working homeowner in our commu- nity,” Mayor Jody Czajkoski said in a news release. The city of Montgomery also approved a 20% homestead exemp- tion in July 2021, which took e ect
this scal year, Community Impact Newspaper previously reported. Toth said while homestead exemption changes will help, he believes they are not enough. He is advocating for doing away with appraisal districts and using a price- paid valuation, which he said 40% of states use in property tax calcu- lations. Homeowners’ taxes would be based on the amount the home was purchased for instead of an ever-changing value. Toth said he has introduced a bill advocating for such in previous leg- islative sessions and is anticipating a hearing on it in the 2023 session, which will begin Jan. 10. In addition, state Rep. Cecil Bell, R Magnolia, said he believes the chief appraiser of each county needs to be an elected position. He said he has drafted a bill for it that is gaining trac- tion this year. “When you have that much author- ity, you should be responsible and accountable to the people,” Bell said. Maegan Kirby and Jishnu Nair con- tributed to this report.
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For more information, visit communityimpact.com .
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CONROE MONTGOMERY EDITION • MAY 2022
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