2023 Important DatesAnnual Calendar January 1 Date of Appraisal April 30 Preliminary Values to Entities May 15 Protest Deadline May 15 Hearings with ARB ID: 1000101
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1. MOVING FORWARD TOGETHER2023 | MONTGOMERY CENTRAL APPRAISAL DISTRICT
2. 2023 Important Dates/Annual CalendarJanuary 1 Date of AppraisalApril 30 Preliminary Values to Entities May 15 Protest DeadlineMay 15 Hearings with ARBJuly 20 Submit Records to ARB July 25 Certification
3. TEXAS PROPERTY APPRAISALMCAD Appraisals • Required by Tax Code 23.01 to be at 100% of market value (State conducts biennial market value study of CADS to ensure compliance) • Conducted by the process of Mass Appraisal • Value derived is based on sales Uniform Standards of Professional Appraisal Practice Appraisal Foundation, Appraisal Institute, Texas Comptroller and Texas Legislators
4. Annual Value NoticeMarket Value The value at which a property would sell for to a willing buyer on the open marketAppraised ValueMay be the same as market valueMay be lower because of 10% appraisal cap for properties with homestead exemptions
5. MCAD GrowthValue of Appraisals The county has seen a 31.4% growth in the past five years2022 Certified Values of New Subdivisions1,472,121,0412023 Preliminary Value (as of today)1,702,370,618
6. MCAD Value FactsNoted: The Woodlands was rated #6 in BOOM TOWNMedian Average Home374,654 2023 Value Increase on Residential10 to 18%
7. MCAD Value Facts# BEDSFEB 2022FEB 2023%1 Bedroom$125K$150K+20.0%2 Bedrooms$207.2K$229.9K+11.0%3 Bedrooms$276.5K$313K+13.2%4 Bedrooms$390.9K$434.8K+11.2%5+ Bedrooms$629.6K$696.7K+10.7%Median Sold Price By Bedroom Counthttps://www.rockethomes.com/real-estate-trends/tx/montgomery-county
8. Property Value StudyConroe ISD Residential .9772Apartments .8692Land .9039Farm and Ranch .9192Commercial .9241 Business Personal .9708State Upper Limit (105 %) 60,710,682,400Local Test Value 55,281,193,161 0.6% State Lower Limit (95%) 54,928,712,648
9. Windsor Hills & Windsor Lakes2023 Appraisal Valuations
10. Conroe ISD 5 Year Appraisal Valuations
11. including mobile homes not to exceed 20 acres owned by one or more individuals in a qualifying trust) HB Capriglione, Giovanni(R)Relating to limitations on increases in the appraised value for ad valorem tax purposes of residence homesteads and single-family residences other than residence homesteads.Proposed Legislative LawsThis bill lowers the homestead cap to 5% and creates a 10% cap for single family non homestead properties (defined as structures
12. HB 335 Relating to a limitation on increases in the appraised value of real property for ad valorem tax purposes. Bell, Cecil(RProposed Legislative LawsThis bill creates a 5% appraisal cap for all real property. Effective 1/1/24
13. Apply OnlineWhat are they?How can they save me money?How do I get them?Don’t OverpayEXEMPTIONS
14. They exclude part of your property from taxationReduces the Appraised Value before tax rates are appliedGeneral, O65, O55 Surviving Spouse, Disability, Disable Veterans, Survivor of a First Responder Killed in the line of Duty and HeirshipKey things about Exemptions
15. Relating to the establishment of a limitation on the total amount of ad valorem taxes that certain taxing units may impose on the residence homesteads of individuals who are disabled or elderly This bill makes the over 65 ceiling applicable for all taxing jurisdictions other than an ISD. Effective 1/1/24Proposed Legislative LawsSchofield, Mike(R)HB 402This bill makes the over 65 ceiling applicable for all taxing jurisdictions other than an ISD. Effective 1/1/24Goldman, Craig(RHB 481
16. Protest deadline is May 15 or 30 days from the date of notificationProtest applies to market value or equityReduces the Appraised Value before tax rates are appliedProtests Apply Online
17. OnlineSettlement OfferInformal hearing – virtual, email, and over the phoneFormal hearing with Appraisal Review Board – virtual or in – person ( 3-person or 1- person panels)Arbitration (state comptroller’s website) Methods and Types of Protests
18. Current Sale of subjectCurrent sales of similar propertiesPictures of condition of property as of 01/01/2023Repair estimatesFoundation reportDocuments You Can Provide
19. MCAD evidence is provided to the property owner 14 day prior to scheduled hearing. 1. Sales in your immediate neighborhood2. Sales in surrounding neighborhoods3. Interactive maps putting nearby sales into perspective4. Additional points of important property data**Because of state confidentiality laws this information is available only to those who file a protest and request it.**Documents We Can Provide
20. MCAD evidence is provided to the property owner 14 day prior to scheduled hearing. 1. Come prepared2. Organize your evidence in the same order as your points3. Bring copies of evidence for yourself, appraiser and panel members for in-person hearings4. Don’t be afraid**It is your right as a property owner to protest.**Hearings Helpful Hints
21. #mcadgoals BeforeAfter
22. “Everyone has the power for greatness, not for fame but greatness, because greatness is determined by service”. MLKHelpful InformationWWW.MCAD-TX.ORG INQUIRES@MCAD-TX.ORG109 GLADSTELL ST, CONROE TX, 77305936-756-3354JANET JENNINGS DOYLE, RPA, RTA, CCA, CTACHIEF APPRAISERMONTGOMERY CENTRAL DISTRICT
23. MOVING FORWARD TOGETHER2023 | MONTGOMERY CENTRAL APPRAISAL DISTRICT