After a ritzy neighborhood learned the Houston Housing Authority had plans to add...
Neither the Tanglewood Homes Association nor Jerry J. Pennington, the agent of the limited partnership that owns the Deerwood, replied to requests for comment.The recent spat in Tanglewood even reached the attention of state politicians. After residents went to City Council and the mayor said he would put a hold on public facility corporation deals such as the Deerwood, Republican Rep.
Instead, it is the other taxing entities that stand to lose revenue – with school districts standing to lose the most. For example, the Deerwood, which has sued the Harris County Appraisal District for the past three years to lower its tax appraisal, has a taxable value of $34 million. Every year that the building is off the tax rolls, the owners will save roughly $750,000, $360,000 of which comes from the Houston Independent School District’s budget.
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