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Taxes

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The State of Texas and the Katy Area offer a pro-business tax structure, and reasonable fees for development and businesses. Some key features of the tax structure include:

  • No State Income Tax on Persons or Businesses
  • No Unitary Tax
  • No Local Income or Occupational Tax
  • Decreasing Property Tax Rates

 

  • Revised Franchise Tax: 1% for most taxable entities
    • Revised tax base is based on the taxable entity’s margin.
    • Margin equals the less of three calculations:
      • Total Revenue minus cost of goods sold
      • Total revenue minus compensation or
      • Total revenue times 70%

 

  • Total Property Tax at Selected Locations per $100.00 of assessed value: 
Location Tax Amount Year
Waller County / KISD $2.38 2007
Park 10 - Harris County / KISD $2.81 2007
LaCenterra / KISD $2.87 2007
Katy Mills $3.61 2007
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Katy ISD Tax Rates
Year Rates
2006 $1.8150
2007 $1.5300
2008 $1.5266
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  • Sales Tax
    • City of Katy: 1%
    • County: 0%
    • Special Purpose (Metro): 1%
    • State: 6.25%

 

  • Lodging Tax
    • City of Katy: 4%
    • City of Houston: 7%

 

  • Fuels Tax
    • State of Texas: $0.20 per gallon

 

  • Unemployment Insurance
    • 2.7% starting rate
    • Based on the first $9,000 in earnings

 

  • Workers Compensation Insurance
    • Options include self-insurance, the state operated Texas Workers Compensation Insurance Fund or a licensed private insurance company

 

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