Property-tax assessments dropped overall in Harris County this year, but a reader in Montgomery County writes in to brag about the remarkable rise in value her small neighborhood in The Woodlands experienced over the same period: Assessments for a group of 42 homes in the Village of Panther Creek went up by a minimum of 80 percent over last year’s values. To get a taste of the boom, our reader suggests, try a search for “Wedgewood Glen” on the MCAD website. The datasheets for any of the properties listed will show the appraisal history. “With increases like that, The Woodlands may be the hottest real estate market in the country,” she writes. And she says she’s ready to sell her 30-something-year-old home now — if she can get anyone to buy her home at the price the county assessor says it’s worth.
What’s behind the little Panther Creek boomlet? An owner of one of the affected properties reports being told by the local appraiser’s office that only one sale was recorded in the immediate area last year: The home pictured above, at 18 E. Wedgewood Glen. In 2010 it was appraised at just over $389,000 — but it sold in July for $733K.
- 18 E. Wedgewood Glen [HAR]