Wednesday, January 30, 2013

Are Property Taxes Going to Go Up?


Recently one of my neighbors in The Woodlands said she was told by a friend that in two years our property taxes were going to increase by over 44%. She ask me if that was correct. I replied that I thought her friend was very far off. It appeared this person was still confused about the debate regarding the possibility of incorporating in November 2014,  a question I thought everyone knew we had settled.
The consulting studies performed during 2011 and 2012 concluded that a significant tax increase would be required to cover the perceived additional costs brought on by incorporating as a “city.” Several of us on the Board did not buy into these estimates and believe there were many things we could do to reduce or eliminate the estimated increased costs.

In August 2012, the Board passed a formal resolution declaring it saw no reason to have an election now or in the foreseeable future. Right now we only have to be concerned with an incorporation vote no later than November 2057. Only after this date is there any risk of annexation by Houston or Conroe. Of course something else might come along that would push for an earlier election but right now it is hard to envision what that might be.

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