Sugar Land Property Taxes–Unfortunately, property taxes in Texas are among the highest in the country. But before you panic, just remember that we don’t have a state income tax in Texas…so one sort of offsets the other. You can read more about Texas property taxes so you are well-informed. One thing to know…unlike other states, the tax appraised value of your home does not automatically go up or “reset” when you buy a home and there is a 10 percent cap on increases to tax appraised values per year (read more).
Each Sugar Land subdivision (and there are over 200!) has different property tax rates…and they can change from year to year. Subdivisions in our newest neighborhoods, like Telfair and Riverstone, tend to have the highest property tax rates (3.2 to 3.5) and subdivisions in our older neighborhoods, like Sugar Creek or Sugar Mill, tend to have the lowest tax rates (2.2 to 2.8). One thing I like to point out though…our newer homes tend to be much more energy-efficient than our older homes; so you will save money in energy costs when you buy a newer home. That may help partially offset the higher taxes.
There are tax benefits and other benefits in owning your own home (which can make up for the high property taxes). Please read The Benefits of Home Ownership to learn more.
As a home owner in Texas, your Homestead Tax Exemption is a large exemption to reduce the amount of property taxes you pay. Applying for a Homestead Tax Exemption (inf