Woodlands board haggles over property tax rate, begrudgingly OKs lower rate

posted in: Economics | 0

An unlikely turn of events, the so called RESIDENT ADVOCATES fighting for and losing in their objective of raising taxes. And, according to the report arguing for compromise!

After seven different failed attempts spread over two meetings in one week, The Woodlands Township Board of Directors begrudgingly approved the 2020 property tax rate, lowering the rate from 2019 by 0.33 cents. The 2020 property was set at 22.4 cents per $100 valuation of property, which is also the Montgomery County effective tax rate for 2020. The approved rate is 0.33 cents lower than the 2019 rate – which was 22.73 cents – and also was much lower than the 23 cents proposed by township directors after four days budget meetings in August. The decision to lower the […]

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