If you ask Spring Texas Realtors how much is the Homestead Exemption for homes in Spring Texas, the majority of them will tell you that its 20%. The sad part is that this is just NOT True. The TRUTH is it depends.
Now I know that sounds like a vague answer, but let me further explain. In Spring TX, your home will be taxed by three taxing entities. They are the County which will be Harris or Montgomery, the school district which will be Conroe, Klein, or Spring and the Municipal Utility District (MUD).
The School– Conroe, Klein, and Spring Independent school districts offer the minimum state mandated homestead exemption of $15,000 which was increased to $25,000 with the passing of State Proposition 1 on Nov. 3, 2015. But Cypress-Fairbanks school district offers the $25,000 plus a 20% homestead exemption, the maximum allowed.
The MUD– There are some MUDs that do offer a homestead exemption as much as 20%. I unfortunately do not live in a subdivision where the MUD offers a homestead exemption. If you live in an older subdivision, there is a good chance that you may not have a MUD tax at all.
So the TRUTH is the value of the homestead exemption depends on what county, school district, and MUD your home is located in. Follow this link for homestead exemptions for school districts and MUDs in the Spring TX area.
Jill Wente is an incredible realtor! We lived in the area for about 3 years before taking the house-hunting plunge... read moreJill Wente is an incredible realtor! We lived in the area for about 3 years before taking the house-hunting plunge and truly could not have chosen a better realtor to work with. Jill is professional and patient, she is an incredible resource who is 100% there for her clients at all times. We had a lot of questions and didn't want to pay any closing costs or prepaid costs out of pocket - Jill is a Master Certified Negotiation Expert and it SHOWS. We got exactly what we wanted at the price we wanted AND had several bonuses thrown in, including appliances and gutters. She was there for inspections/walk-throughs and kept in contact with our builder's salesperson as well. If you want a strong realtor who is also pleasant to work with (which I've learned is rare), then Jill is the realtor for you!! read less