Navigating the Tax Protest Process in Montgomery County, TX: A Homeowner’s Guide
Hey there, Montgomery County homeowners! Today, we’re tackling an often overlooked but incredibly important aspect of homeownership: property taxes. Many people are unaware of how their homes are assessed, how they’re taxed, and that you can actually protest the value the county has recorded. Let's dive into the tax protest process and help you potentially save some money. Understanding Property Assessments and Taxes In Montgomery County, property taxes are based on the assessed value of your home. This value is determined by the Montgomery Central Appraisal District (MCAD) and is used to calculate how much you owe in property taxes. However, sometimes the assessed value may not accurately reflect your home’s market value or improvements. Key Points: Assessment Date: Property values are assessed annually as of January 1st. Market Value vs. Assessed Value: Your home’s market value is what it would sell for under normal conditions, while the assessed value is used for tax purposes