Report Prepared for

Montgomery County Commissioners Court

February 14, 2017

Tammy McRae, Tax Assessor-Collector

 Appraise Property & Grant Exemptions
Certify Values & Exemptions to Taxing Units

Adopt Optional Exemptions

Adopt Tax Rates

Assessment
Calculate Tax Rates
Apply Adopted Tax Rate to Certified Taxable Value
Collection
Prepare & Send Tax Statements
Collect Taxes
 Residence Homestead of 100% or Totally Disabled
Veteran 100% exemption for qualifying
individuals
Texas Property Tax Code, Sec. 11.131

Disabled Veterans Tiered exemption on any

property based on disability rating from Veterans
Administration
Texas Property Tax Code, Sec. 11.22
Disability Rating of:

Exemption up to: at least: but less than:

$5,000 10% 30%
$7,500 30% 50%
$10,000 50% 70%
$12,000 70% and over
Texas Property Tax Code, Sec. 11.13(n)
In addition to any other exemptions provided by this section, an
individual is entitled to an exemption from taxation by a taxing
unit of a percentage of the appraised value of his residence
homestead if the exemption is adopted by the governing body
of the taxing unit before July 1 in the manner provided by law
for official action by the body. If the percentage set by the
taxing unit produces an exemption in a tax year of less than
$5,000 when applied to a particular residence homestead, the
individual is entitled to an exemption of $5,000 of the
appraised value. The percentage adopted by the taxing unit
may not exceed 20 percent.
 up to 20% or $5,000
(whichever is greater)
Texas Property Tax Code, Sec. 11.13(n)

Minimum $3,000, No limit

Texas Property Tax Code, Sec. 11.13(d)(e)
Surviving Spouse Minimum $3,000
Texas Property Tax Code, Sec. 11.13(q)

Minimum $3,000, No limit

Texas Property Tax Code, Sec. 11.13(d)(e)
Surviving Spouse Minimum $3,000
Texas Property Tax Code, Sec. 11.13(q)
Source: Texas Association of Counties

Data: Texas State Comptroller

- Based on Tax Year 2015
(2016 Data not available)
To receive an exemption, a person
must file an exemption application
form with the chief appraiser.
Texas Property Tax Code, Sec. 11.43
 Montgomery County Tax Assessor-Collector
collects for 79 taxing jurisdictions

24 jurisdictions offer a homestead exemption

All ISDs offer statutory homestead exemption
 = 13,435 Value Reduction
$62.70 Tax Reduction

= 26,869 Value Reduction

$125.40 Tax Reduction

= 53,737 Value Reduction

$250.80 Tax Reduction
Estimates based on 2016 Montgomery County tax rate & average home
value of $268,685
 Value Loss Revenue Loss
Exemption %
FY 2017 (.4667/$100)

$(1,533,103,085) $(7,154,992.10)

$(2,988,451,410) $(13,947,102.73)

$(5,944,653,902) $(27,743,699.76)

Figures reflect 65 and over exemption currently offered

 = $256.70 Tax Reduction

= $291.70 Tax Reduction

= $466.70 Tax Reduction

Estimates based on 2016 Montgomery County tax rate & average home
value of $268,685
 2016 Current
Value Loss with Exemption Value Loss Revenue Loss
Adjusted Value
the $35,000 Amount FY 2017 (.4667/$100)
Exemption

$1,214,329,888 $55,000 $1,813,396,924 $(599,067,036) $(2,795,845.86)

$1,214,329,888 $62,500 $2,040,071,819 $(825,741,931) $(3,853,737.59)

$1,214,329,888 $100,000 $3,105,483,623 $(1,891,153,735) $(8,826,014.48)

 2017 Preliminary values for Montgomery County
reflect an increase of $2,751,652,521 to date.

The increase is a result of reappraisals and new

improvements.

The County can expect to generate $12,841,962 in

additional revenue using the current tax rate of
$0.4667/$100 should the increase in value remain
through the July 25th certification date.
Exemptions are required to be
adopted by July 1; however, in
order to be included in preliminary
values, the Appraisal District must
have information by April 1.
Texas Property Tax Code, Sec. 11.13(n)
A copy of this presentation will be available
on the Montgomery County home page &
the Tax Office website.

www.mctx.org

www.mctx.org/tax