Katy, Texas Property Taxes
The median property tax rate in Katy, TX is 1.98%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Katy at $266,701, the typical annual property tax bill reaches $5,156, exceeding the national median of $2,690. Property taxes in Katy are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Katy's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Katy or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Katy, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.98%
Estimate Property Tax Bill
$5,281
$4,886
$1,148
Average Katy, Texas Tax Savings
Ownwell’s Katy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Katy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Katy to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Katy. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Harris County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Katy, Texas
Property taxes in Katy, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Katy is 1.98%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Katy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Katy estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Katy's effective property tax rate to other counties in Texas and the national median. For comparison, the 77433 zip code has the highest median property tax rate of 3.49%, while the 77450 zip code has the lowest median tax rate of 1.69%. Understanding how these cities compare with Katy provides valuable insights into the varying tax landscape across Harris County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Katy Tax Rate
1.98%
Average Harris County Tax Rate
1.78%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Katy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77084 | 1.40% | 1.67% | 1.90% | 2.14% | 2.42% |
| 77433 | 1.99% | 1.99% | 3.49% | 3.49% | 3.49% |
| 77449 | 1.21% | 1.64% | 1.96% | 2.54% | 2.70% |
| 77450 | 0.84% | 1.38% | 1.69% | 2.10% | 2.25% |
| 77493 | 1.45% | 1.88% | 2.42% | 3.09% | 3.33% |
| 77494 | 1.10% | 1.64% | 1.90% | 2.25% | 2.55% |
Source: Ownwell
$1,148
Average Katy Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Katy, Texas
In Katy, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Harris County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Katy, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, the median tax bill in Katy ranges significantly, with the highest median tax bill of $6,712 in the 77493 zip code and the lowest median tax bill of $1,660 in the 77433 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Katy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Katy Assessed Value
$266,701
Average Harris County Assessed Value
$240,543
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Katy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77084 | $80,117 | $159,642 | $288,004 | $383,748 | $404,565 |
| 77433 | $24,756 | $38,560 | $48,500 | $53,676 | $59,410 |
| 77449 | $162,098 | $210,000 | $248,878 | $283,004 | $316,544 |
| 77450 | $219,648 | $245,644 | $296,745 | $364,048 | $478,005 |
| 77493 | $80,113 | $231,234 | $300,000 | $363,477 | $448,880 |
| 77494 | $266,404 | $287,691 | $330,984 | $362,000 | $393,787 |
Source: Ownwell
$1,148
Average Katy Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Katy, Texas
In Katy, located in Harris County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in Katy is $266,701, and the local tax rate can cause significant variations in tax bills. For instance, the tax bill for homes in the 25th percentile is around $3,733, while those in the 75th percentile can reach up to $6,865. The highest median tax bill in the area is $6,712 in the 77493 zip code, whereas the lowest is $1,660 in the 77433 zip code. These fluctuations can significantly impact homeowners' finances. Ownwell can help homeowners in Katy save on their property tax bills by providing expert property tax appeal and exemption services. Our team reviews your property's assessed value, identifies potential discrepancies, and files appeals on your behalf. By leveraging local market data and our deep understanding of property tax regulations, we aim to reduce your tax burden, ensuring you pay a fair amount.
Average Katy Tax Bill
$5,156
Average Harris County Tax Bill
$4,078
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Katy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77084 | $1,708 | $3,215 | $4,286 | $5,293 | $6,685 |
| 77433 | $472 | $767 | $1,660 | $1,873 | $1,944 |
| 77449 | $2,199 | $3,632 | $4,800 | $6,073 | $7,263 |
| 77450 | $2,299 | $3,689 | $5,082 | $6,611 | $8,448 |
| 77493 | $1,648 | $4,340 | $6,712 | $9,217 | $11,815 |
| 77494 | $3,528 | $5,046 | $6,331 | $7,360 | $8,506 |
Source: Ownwell
$1,148
Average Katy Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 20 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Harris Appraisal District | |
| Phone | (713) 957-7800 |
| Website | hcad.org |
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