Houston, TX Real Estate — Homes For Sale in Houston, TX

Texas Proposition 3, the Temporary Property Tax Exemption for Disaster Areas Amendment, was on the ballot in Texas as a legislatively referred constitutional amendment on November 5, 2019. The measure was approved. House Bill 492 (2019) The implementing legislation for the constitutional amendment was House Bill 492 (HB 492), which was signed into law on May 30, 2019. HB 492 provided specifics, including rules and regulations, for local governments to provide for tax exemptions in governor-declared disaster areas. HB 492 allowed local governments to provide an exemption within 60 days after the governor declared an area to be a disaster. Properties that were eligible for an exemption are tangible personal property used for the production of income, an improvement to real property, or a manufactured home used as a dwelling. Residents of the area would need to file an application for an exemption, and then the chief appraiser would need to determine the property's damage. The bill provided for assigning properties with damage ratings-Level I, Level II, Level III, or Level IV. The different levels were developed to provide for the size of the tax exemption. Exemptions were designed to expire the next time a property is reappraised, which, in Texas, must occur at least once every three years. The following chart illustrates each level's description and the corresponding tax exemption: Damage rating Exemption Damage description Level I 15 percent appraiser determines property between 15 to 30 percent damaged, e.g. minimal damage and could be continued to be used as intended Level II 30 percent appraiser determines property between 30 to 60 percent damaged, e.g. nonstructural damage to the roof, walls, foundation, or mechanical components and/or the waterline is less than 18 inches above the floor Level III 60 percent appraiser determines property was more than 60 percent damaged but not a total loss, eg. significant structural damage requiring extensive repair and/or the waterline is 18 inches or higher above the floor Level IV 100 percent appraiser determines property was a total loss, e.g. repair is not feasible Resource: https://ballotpedia.org/Texas_Proposition_3,_Temporary_Property_Tax_Exemption_for_Disaster_Areas_Amendment_(2019)#House_Bill_492_.282019.29 less

Houston is a large metropolis in Texas, extending to Galveston Bay. It's closely linked with the Space Center Houston, the coastal visitor center at NASA's astronaut training and flight control complex. The city's relatively compact Downtown includes the Theater District, home to the renowned Houston Grand Opera, and the Historic District, with 19th-century architecture and upscale restaurants. And it the 4th largest city in the U.S less

Zoned to Cypress-Fairbanks school district, this cute and tighknit subdivision offers plenty of full mature trees, a lot of cul-de-sacs and a hometown feel. The subdivision offers low tax rate and low HOA annual dues. The annual fees include amenities such as a swimming pool, greenbelt, sand volleyball court, pickleball, Texas Hold'em and Bunco, tennis courts and plenty of activities for the children during the holidays. The community also has a swim team and social activities for homeowners. Very close to restaurants, grocery stores and leisure activities. This community is also close to I-10 and 99 beltway. less