Harris County tax values fall for first time in decades

Property values in Harris County continue to fall and taking with them hundreds of millions of dollars in tax revenue. That may mean you'll end up paying more in taxes elsewhere.

For the first time in two decades the taxable values in Harris County are going down. For homeowners it means your property value will either stay the same or go down But for cities and schools it means millions of fewer tax dollars at a time when budgets are already tight.

Property values across Harris County are down four percent overall. That seems like a small number, but it could have a huge impact on cities and possibly you the taxpayer, because taxing entities will collect about $350 million less this year. To make up for the shortfall, taxing entities could end up raising your taxes in order to pay their bills.


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