The rate is 17.1% lower than the 2021 rate of 22.31 cents and 5.8% lower than the no-new-revenue rate of 19.64 cents certified by the Montgomery County tax assessor. The 2022 rate of 18.50 cents, which helps fund the Township’s 2023 fiscal year budget, is comprised of a maintenance and operations rate of $0.1729 and a debt service rate of $0.121. In total, property owners will pay $2.5 million less in property taxes to the Township in 2023 compared to 2022.
President and Chief Executive Officer Monique Sharp led the board through the comprehensive public meetings to develop the rate for residents and businesses of The Woodlands.Īll seven (7) directors unanimously approved the 2022 Ad Valorem Tax Rate of 18.50 cents per $100 of taxable value which, for the majority of property owners, will produce a lower tax bill than the prior year despite the increase in appraisals seen throughout The Woodlands. THE WOODLANDS, TX - The Woodlands Township Board of Directors unanimously voted to adopt its lowest property tax rate in its 12-year history at a special public meeting held Monday, September 12, 2022.
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