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The Howes Report - December 2023


The Howes Report - December 2023

Happy December!

In this month’s Howes Report, we will discuss new legislation affecting Texas homeowners, Houston’s hottest communities, holiday happenings, and more! Thank you for reading, and I hope you have an amazing holiday season!

Here’s how Texas will use the $12.7 billion to implement tax cuts since voters said “yes” to Proposition 4 in November.

  • Approximately $6.5 billion will be used to increase the Texas homestead exemption from $40,000 to $100,000 ($110,000 for homeowners 65 and older).
  • Approximately $7.1 billion will be sent to school districts, which is meant to reduce the amount of school property taxes districts need to collect.
  • While Texas has already implemented tax compression, the compression outlined in Proposition 4 is estimated to save homeowners an additional 10.7 cents per $100 valuation ($107 per $100,000 valuation).
  • When will the tax cuts take effect? Texas homeowners will see savings reflected on their 2023 tax bills, which are due in January 2024.
  • Read More Information Here

HAR’s Latest Report Analyzes the Hottest Luxury Communities in Houston in Q3 of 2023

The report analyzed the hottest luxury communities in the Houston area where homes are priced over $1 million. Over 60% of my listings are located in these neighborhoods listed.

The Rice/Museum District was the most active luxury community during the third quarter of 2023. The average home price in this community was $1,114,885 and had an increase in transactions by 25% year-over-year. The Rice/Museum District’s ranking was up two spots from the previous quarter where it ranked as the third hottest luxury community in the Houston area.

Click Here for the Full Report

This chilly weather brings the perfect opportunity to check out some of Houston’s finest musicians and artists as holiday shows begin! Check out the below acts that I’m attending this holiday season!

The Nutcracker
One of Houston’s ultimate holiday traditions is the Houston Ballet’s ‘The Nutcracker’ performance. A visual delight, the ballet company’s grand sets, stunning costumes, iconic score and storied talent bring this story to life every year.
A Christmas Carol
Charles Dickens’ beloved story of Scrooge and his miraculous transformation is a must-see holiday activity. This Alley Theatre production is the perfect way for families to recapture the nostalgia of Christmases past and to create memories for many Christmases to come.
Very Merry Pops
DEC 20TH – 23RD
If you need a bit of holiday cheer, you must head to the Houston Symphony’s Very Merry POPS concert. Fun, upbeat and full of top talent, POPS is the perfect way to et in the spirit of the season! Joins the Symphony and Chorus for this heartwarming concert brimming with traditional carols, festive favorites, and plenty of yuletide cheer.

This year, we adopted an angel tree from the local Salvation Army to provide gifts to this season. I feel so grateful for plentiful blessings this year, and there’s no better way than to pay it forward. Wanting to adopt your own Salvation Army angel tree this year? Click here to learn more.

Wishing you and your family a very Happy Holidays!

– Dee Dee Guggenheim Howes