Buyers have a lot to think about when buying a home in Houston, Texas or the surrounding areas. Although Houston's homes are some of the most reasonably priced in the Nation...Houston's Property taxes are some of the highest.
So, when Homebuyers are out there looking for their Dream Home, they need to factor in what the assessed value of the home is compared to true Market Value and most importantly be aware of what your tax rate is going to be. Those taxes are a huge chunk of your monthly mortgage payment and can decide how much house you can afford...the lower your taxes the more house you can afford.
There are some Real Jewel Communities that have very reasonable and down right low tax rates. One lovely community is The Lakes of Mission Grove in Richmond,Texas 77406. Their tax rate is one of the lowest in all of the counties combined and no MUD taxes. (1.864 per 100) They offer one acre homesites with Exquisitely Crafted Custom Homes! An easy commute to the Medical Center, close to Houston and all of it's amenities, near 99 and the Westpark Tollway, a New Signature HEB right around the corner, Fantastic Schools, all nestled in a quaint country setting. Such a Tranquil, Charming, and Beautiful area!
Another jewel community is the Lakes of Fairhaven situated in Cypress, Texas 77433. Stunning homes situated on half acre to 3/4 acre lots near the community of Fairfield. This community feels like a breath of fresh air! Their tax rate is again, some of the lowest in Harris County with a rate of 2.343 per 100 and no MUD taxes! A beautiful Signature Kroger is conveniently situated right around the corner, Exemplary Schools and Sports Activities, close to 99, 290 and Beltway 8 for easy city access and commute.
So if you are shopping for a home...please consider what the tax rates are going to be for the community you are looking at, because they will always be a part of your monthly mortgage...and always hire a Licensed Realtor to guide you through the sometimes very complicated World of Real Estate!
***Recent legislation gave the various Appraisal Districts (Harris County, Fort Bend County, Montgomery County) a lot more leeway as far as how they assess homes and now these Appraisal Districts have over inflated home values or assessed values to the point that in some areas the homes are not any where near the market value that they are assessed at and have put homeowners in a very precarious position. Some even having to sell their homes because they can't afford their property taxes! The good news is that homeowners can successfully Protest these Taxes and have them reduced.