Average Tax Assessment in Montgomery County
Real Estate Values and Property Tax Valuation in Montgomery County, Texas
Montgomery County has a total of 213,956 properties, which are cumulatively valued at $55.7B. This accounts for 2.62% of all real estate value in Texas. Property taxes in Montgomery County totaled $1.1B, with the average homeowner paying $5,021 in property taxes, which is higher than the state average of $4,015. The average property tax rate in Montgomery County is 1.93%, while the state average is 1.69%. Property taxes are based on the assessed value of the property, which is typically lower than the market value.
The property tax timeline in Texas begins on January 1st, when the property valuation date is set. Property value notices are issued between April and May, and the property tax appeal deadline is May 15th or 30 days after the notices are issued. The real property tax bill is due on January 31st for the preceding year's gross tax bills.
Updated November 01, 2023
| Important Links | |
|---|---|
| Montgomery Appraisal District | (936) 756-3354 |
| Montgomery Clerk | (936) 539-7885 |
| TexasFile Clerk Records | - |
| Montgomery Assessor | (931) 648-5709 |
| Important Dates | |
|---|---|
| Real Property Tax Bill Due (1st of #): | January 31st, Gross tax bills for preceding year |
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - May |
| Property Tax Appeal Deadline: | May 15th or 30 days after notices are issued |
| Property Tax Bills Issued: | October 1st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Montgomery County
Residential Property Taxes by Cities in Montgomery County
Montgomery County has an average property tax rate of 1.93%, which is slightly lower than the national average of 1.98%. This rate is applied to the assessed value of a property to calculate the total property taxes due. The total property taxes collected in Montgomery County in 2023 is estimated to be $1.1 billion.
Property tax rates vary across the cities in Montgomery County. Kingwood has the highest effective property tax rate at 2.63%, while Cleveland has the lowest effective property tax rate at 1.41%. This means that property owners in Kingwood will pay more in property taxes than those in Cleveland. However, the average property tax bill in Montgomery County is still relatively low at $5,021.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Montgomery County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cleveland | $17,004 | $39,250 | $114,720 | $217,900 | $340,836 |
| Conroe | $27,660 | $97,280 | $189,635 | $270,000 | $369,770 |
| Hockley | $46,686 | $87,680 | $169,030 | $300,800 | $412,896 |
| Kingwood | $154,170 | $182,880 | $213,950 | $249,965 | $290,294 |
| Magnolia | $58,030 | $136,970 | $246,920 | $389,500 | $545,706 |
| Montgomery | $65,800 | $155,872 | $256,490 | $407,880 | $598,645 |
| New Caney | $13,080 | $31,638 | $93,895 | $200,610 | $294,635 |
| Pinehurst | $21,951 | $83,642 | $194,900 | $310,392 | $480,127 |
| Porter | $21,358 | $75,632 | $180,265 | $251,855 | $338,928 |
| Shenandoah | $159,560 | $174,982 | $195,620 | $366,798 | $503,002 |
| Splendora | $14,993 | $35,645 | $90,675 | $169,880 | $281,369 |
| Spring | $166,100 | $207,990 | $289,860 | $430,000 | $659,566 |
| Willis | $29,000 | $75,000 | $161,350 | $245,550 | $393,038 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Montgomery County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cleveland | $158 | $429 | $1,270 | $3,136 | $5,236 |
| Conroe | $308 | $1,147 | $3,347 | $5,688 | $8,286 |
| Hockley | $468 | $1,053 | $2,237 | $4,472 | $6,282 |
| Kingwood | $2,931 | $4,376 | $5,655 | $7,034 | $8,579 |
| Magnolia | $575 | $1,826 | $4,088 | $6,780 | $9,555 |
| Montgomery | $849 | $2,362 | $4,687 | $7,767 | $11,472 |
| New Caney | $154 | $474 | $1,500 | $4,623 | $7,529 |
| Pinehurst | $325 | $970 | $3,263 | $6,317 | $13,094 |
| Porter | $330 | $1,082 | $3,835 | $6,695 | $8,598 |
| Shenandoah | $1,606 | $2,189 | $3,228 | $5,927 | $8,673 |
| Splendora | $137 | $413 | $1,096 | $2,836 | $4,964 |
| Spring | $2,947 | $4,149 | $6,066 | $9,144 | $13,034 |
| Willis | $321 | $956 | $2,662 | $4,578 | $7,362 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cleveland | 0.93% | 1.09% | 1.11% | 1.44% | 1.54% |
| Conroe | 1.11% | 1.18% | 1.76% | 2.11% | 2.24% |
| Hockley | 1.00% | 1.20% | 1.32% | 1.49% | 1.52% |
| Kingwood | 1.90% | 2.39% | 2.64% | 2.81% | 2.96% |
| Magnolia | 0.99% | 1.33% | 1.66% | 1.74% | 1.75% |
| Montgomery | 1.29% | 1.52% | 1.83% | 1.90% | 1.92% |
| New Caney | 1.18% | 1.50% | 1.60% | 2.30% | 2.56% |
| Pinehurst | 1.48% | 1.16% | 1.67% | 2.04% | 2.73% |
| Porter | 1.55% | 1.43% | 2.13% | 2.66% | 2.54% |
| Shenandoah | 1.01% | 1.25% | 1.65% | 1.62% | 1.72% |
| Splendora | 0.91% | 1.16% | 1.21% | 1.67% | 1.76% |
| Spring | 1.77% | 1.99% | 2.09% | 2.13% | 1.98% |
| Willis | 1.11% | 1.27% | 1.65% | 1.86% | 1.87% |
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Real Estate Values in Montgomery County
The data from Redfin shows that home prices in Montgomery County, Texas have decreased by 2.07% from October 2022 to October 2023. This decrease in home prices is accompanied by a decrease in home inventory, from 4.5K in October 2022 to 2.4K in October 2023. This suggests that the housing market in Montgomery County is becoming more competitive, with fewer homes available for sale and lower prices.
Average Home Value in Montgomery County, Texas
Last updated: November 2023
Percent Change in Total Home Sales in Montgomery County
Last updated: November 2023
Percent Change in New Home Listings in Montgomery County
Last updated: November 2023
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Mortgage Rates in Montgomery County
Mortgages in Montgomery County are a major part of the local economy. There is a total of $154.1 billion in outstanding loans across the county, which is equivalent to 117.2 thousand individual loans. This amount is a significant portion of the total home value in the county, representing a large investment in the local housing market.
The median mortgage rate in Montgomery County varies across cities, ranging from 3.91% in Pinehurst to 4.46% in Shenandoah. This variation in rates allows borrowers to find the best deal for their individual situation, allowing them to save money on their mortgage payments. Overall, mortgages in Montgomery County are a major part of the local economy, representing a large investment in the local housing market.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Montgomery County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cleveland | $19,893 | $44,658 | $106,373 | $206,651 | $297,748 |
| Conroe | $38,450 | $84,986 | $161,721 | $234,249 | $317,081 |
| Hockley | $20,831 | $52,843 | $108,630 | $187,600 | $310,641 |
| Kingwood | $61,737 | $93,387 | $151,080 | $210,860 | $262,749 |
| Magnolia | $40,577 | $96,125 | $185,338 | $277,283 | $389,690 |
| Montgomery | $50,149 | $104,317 | $190,078 | $293,412 | $420,057 |
| New Caney | $16,244 | $39,728 | $155,825 | $219,176 | $285,572 |
| Pinehurst | $54,864 | $108,871 | $184,731 | $311,020 | $409,985 |
| Porter | $35,869 | $94,719 | $164,123 | $220,214 | $289,886 |
| Shenandoah | $31,257 | $69,468 | $157,350 | $252,849 | $403,150 |
| Splendora | $18,572 | $49,041 | $130,473 | $209,870 | $299,111 |
| Spring | $56,114 | $102,956 | $185,501 | $290,121 | $424,371 |
| Willis | $31,901 | $70,444 | $136,614 | $214,541 | $313,297 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Montgomery County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cleveland | 3.00% | 3.62% | 4.36% | 5.78% | 6.73% |
| Conroe | 2.90% | 3.43% | 4.05% | 5.19% | 6.66% |
| Hockley | 3.05% | 3.60% | 4.25% | 5.72% | 6.77% |
| Kingwood | 2.90% | 3.56% | 4.10% | 5.21% | 6.32% |
| Magnolia | 2.90% | 3.50% | 4.14% | 5.59% | 6.81% |
| Montgomery | 2.90% | 3.31% | 3.97% | 4.80% | 6.36% |
| New Caney | 2.80% | 3.22% | 3.94% | 4.75% | 6.32% |
| Pinehurst | 2.80% | 3.20% | 3.91% | 4.71% | 6.25% |
| Porter | 2.90% | 3.43% | 4.03% | 4.91% | 6.50% |
| Shenandoah | 3.00% | 3.75% | 4.46% | 6.25% | 7.59% |
| Splendora | 2.90% | 3.55% | 4.21% | 5.68% | 6.85% |
| Spring | 2.90% | 3.56% | 4.19% | 5.76% | 6.85% |
| Willis | 2.90% | 3.47% | 4.15% | 5.48% | 6.66% |
Housing Expenses in Montgomery County, Texas
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