A Chambers County homeowner's property was valued at $65,000 in 2021. This year, it increased to $382,000. And he isn't the only one seeing an astronomical hike.
HOUSTON, Texas -- Unprecedented rises in property valuations in Texas have stunned multiple homeowners receiving their tax bills.
In 2021, Nash owed about $1,700 in property taxes. In 2022, he will have to pay Chambers County more than $10,000. Harris County is the largest appraisal district in the United States, meaning they cannot value each property individually. "We are not seeing as much movement as we would like, to put it mildly," Sam Pack, a property tax consultant with Rainbolt and Co., said.
That determines how much a homeowner pays in taxes. Market values are determined by the amount the home could sell. In many cases, those numbers are different because of the housing boom.
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