Montgomery County Property Tax Trends documents that Montgomery County Appraisal District not seen a large increase in the number of tax parcels. However, the budget has doubled over the last 7 years. The site has details on number of tax protests, total market value, total taxes levied, value by type of property, number of judicial appeals, number of appraisal district staff, appraisal district budget and much more.
The market value of Montgomery County taxable property rose from $52 billion in 2014 to 70 billion in 2018. This is a 35% increase over 5 years; 7% per year. These steady increases are part of the impetus for Senate Bill 2, which caps taxes for school at 2.5% and cities / counties at 3.5% per year for existing property, plus the value of new construction.
Property tax savings from protest hearings at Montgomery County Appraisal District (MCAD) have increased sharply: from $15 million in 2013 versus $57 million in 2018. Commercial accounts were reduced $47 million in 2018 versus residential accounts for $10 million. There are more residential accounts protested but the commercial accounts have a higher value.
Montgomery County Appraisal District totaled 30,370 protests in 2018. This includes 18,570 residential and 11,800 commercial accounts. Residential accounts for half of the appeals but for 18% of the savings ($10 million out of $57 million in 2018).
Judicial appeals in Montgomery County have been steady at Montgomery County Appraisal District. Judicial appeals ranged from 95 to 229 from 2012 to 2018, with no discernable trend up or down. Property tax savings in Montgomery County due to judicial appeals have been modest. Judicial appeal tax reduction rose from $0.2 million in 2012 to $5.3 million in 2018. A large increase but a tiny portion of
The Montgomery County Appraisal District budget rose from $6.1 million in 2012 to $12 million in 2018, a 97% increase over 7 years. This averages 13.8% annual increase in MCAD budget.
The Montgomery County ARB increased from 12 from 2012 to 24 in 2018.
The number of appraisers has risen substantial; from30 in 2013 to 55 in 2018. Both the number of appraisers and the budget basically doubled.
2020 property tax deadline is May 15th; deadlines to protest are not extended due to Covid-19.
Visit Montgomery County Property Tax Trends to learn more.
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