BY DANICA LLOYD & HANNAH NORTON
Home value increases across Cy-Fair, 201923
Why it matters
1 Year built: 1967 Value increase: +63.4% 2 Year built: 1976 Value increase: +45.2% 3 Year built: 1983 Value increase: +30.1% 4 Year built: 2002 Value increase: +36.2% 5 Year built: 2005 Value increase: +50.7% 6 Year built: 2007 Value increase: +20.2% 7 Year built: 2018 Value increase: +50.4%
Ravensway
Property values are continuing to spike due to pandemic-era economic conditions. Stephen Mulin, who has lived in his Towne Lake home for about 11 years, said his property value has jumped from the mid-$300,000s to the low-$500,000s in the last few years. While he said he’s had success protesting his market value in recent years, he said the HCAD did not lower his appraised value—the taxable amount that deter- mines his tax bill. This has been a trend across homes in Cy-Fair.
N. ELDRIDGE PKWY.
2
4
290
Bridgeland
HUFFMEISTER RD.
Tower Oaks
7
1
99 TOLL
1960
5
Towne Lake
6
FALLBROOK DR.
QUEENSTON BLVD.
3
N
W
SOURCE: HARRIS CENTRAL APPRAISAL DISTRICT COMMUNITY IMPACT
What they’re saying
“The signing of this Texas- sized tax cut, the biggest property tax cut in history, is a massive victory for all 5.7 million Texas homeowners.” LIEUTENANT GOVERNOR DAN PATRICK
“Forty percent of [Texans] rent. ... They often live month to month on their salaries. … We are specically leaving out 40% of this state.” STATE REP. GENE WU, D HOUSTON
“We must balance the needs of government with the limits of a taxpayer’s wallet.” STATE SEN. LOIS KOLKHORST, R BRENHAM
What’s next
While school districts will receive state funds to oset lower property tax revenue, overall school funding will not change. Lawmakers are expected to return to the Capitol this fall to dis- cuss school funding, Lt. Gov. Dan Patrick said.
“Texas Democrats fought hard for the millions of Texans who rent, who are teachers or who send their children to public schools, but they were entirely neglected in the process by Republican leadership,” the statement says.
After the legislation was approved, three Democratic state representatives, including Ron Reynolds, DMissouri City, of the Houston area, released a statement condemning Republicans for providing more tax relief to certain groups.
With on-site x-rays, skilled providers, and orthopedic physicians on call, we can quickly determine if you have fracture, sprain or strain.
WHETHER YOU’RE ACHEY OR BREAKY.
Scan for the nearest location. Open 9am – 9pm, 7 days a week nextlevelurgentcare.com
25
CYPRESS EDITION
Powered by FlippingBook