A Chambers County homeowner's property was valued at $65,000 in 2021. This year, it increased to $382,000. And he isn't the only one seeing an astronomical hike.
HOUSTON, Texas -- Unprecedented rises in property valuations in Texas have stunned multiple homeowners receiving their tax bills.
In 2021, Nash owed about $1,700 in property taxes. In 2022, he will have to pay Chambers County more than $10,000. Harris County is the largest appraisal district in the United States, meaning they cannot value each property individually. "We are not seeing as much movement as we would like, to put it mildly," Sam Pack, a property tax consultant with Rainbolt and Co., said.
That determines how much a homeowner pays in taxes. Market values are determined by the amount the home could sell. In many cases, those numbers are different because of the housing boom.
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Where do homeowners pay the most in property taxes?Soaring price increases in home values naturally mean that tax assessments are also likely to rise. But tax valuations don't correlate exactly with market values for homes. Depending on the jurisdiction, tax assessments are reviewed annually or biannually and sometimes include discounts. In addition, the amount of tax paid varies according to each jurisdiction's assessment.Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. The average p
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