Katy, Texas Property Taxes
The median property tax rate in Katy, TX is 1.74%, significantly 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 $498,978, the typical annual property tax bill reaches $8,844, far 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
1.74%
Estimate Property Tax Bill
$8,682
$8,057
$1,148
Average 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Katy, Texas
Property taxes in Katy, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Katy is 1.74%, 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 77494 zip code has the highest median property tax rate of 1.77%, while the 77493 zip code has the lowest median tax rate of 1.48%. Understanding how these cities compare with Katy provides valuable insights into the varying tax landscape across Fort Bend County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Katy Tax Rate
1.74%
Average Fort Bend County Tax Rate
1.70%
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 |
|---|---|---|---|---|---|
| 77450 | 1.30% | 1.46% | 1.61% | 1.76% | 2.13% |
| 77493 | 0.48% | 0.88% | 1.48% | 1.99% | 2.05% |
| 77494 | 1.34% | 1.58% | 1.77% | 2.05% | 2.33% |
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 Fort Bend 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 instance, zip code 77494 has the highest median tax bill at $9,008, while zip code 77493 has the lowest at $3,629. 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
$498,978
Average Fort Bend County Assessed Value
$370,984
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 |
|---|---|---|---|---|---|
| 77450 | $353,540 | $402,891 | $498,364 | $610,348 | $712,499 |
| 77493 | $107,996 | $159,311 | $302,304 | $346,857 | $397,843 |
| 77494 | $350,569 | $405,600 | $499,319 | $622,561 | $781,050 |
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 Fort Bend County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The tax rate is then applied to this assessed value. Factors such as the property's location, improvements, and market trends play a significant role in determining the assessed value. Homeowners in Katy face varying tax bills, with the 25th percentile at $6,932 and the 75th percentile reaching $11,263. The highest median tax bill in zip code 77494 is $9,008, while the lowest in zip code 77493 is $3,629. High property tax bills can be a financial burden for homeowners. Ownwell can help by providing property tax appeal and exemption services. Our experts analyze your property’s assessment and market conditions to identify potential inaccuracies. By filing appeals and securing rightful exemptions, we can help reduce your property tax bill, ensuring you only pay what is fair. This proactive approach can lead to significant savings for homeowners in Katy.
Average Katy Tax Bill
$8,844
Average Fort Bend County Tax Bill
$6,331
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 |
|---|---|---|---|---|---|
| 77450 | $5,473 | $6,591 | $8,171 | $9,903 | $11,603 |
| 77493 | $891 | $1,955 | $3,629 | $6,129 | $7,204 |
| 77494 | $5,463 | $7,014 | $9,008 | $11,576 | $14,785 |
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 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Fort Bend Appraisal District | |
| Phone | (281) 344-8623 |
| Website | esearch.fbcad.org |
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