Best Tax Lawyers The Woodlands, TX

The Woodlands, TX Tax FAQs

• Where does the Tax Court hold trial sessions closest to The Woodlands, Texas?

  The U.S. Tax Court trial location nearest to The Woodlands, Texas is Room 7006 of the Casey U.S. Courthouse at 515 Rusk Street, Houston, TX 77002.

• Where is the low-income taxpayer clinic that is closest to The Woodlands, Texas?

  The low-income taxpayer clinic nearest to The Woodlands, Texas is Houston Volunteer Lawyers LITC, located at 1111 Bagby Street, FLB 300. Houston, TX 77002.

• Does The Woodlands have high sales tax rates?

  The Woodlands has the highest sales tax rate in Texas. As of 2023, it is 8.25%, with 6.25% from the Texas state sales tax and 2.00% from a special tax. The Woodlands Township tax region, on the other hand, does not collect a local sales tax. Since 2020, this figure has remained constant.

• Does The Woodlands collect excise taxes?

  Although The Woodlands does not collect state-level personal and corporate income taxes, the Texas government imposes a higher excise tax rate than 64% of the other states. It collects $543 per capita in annual excise taxes on goods such as gasoline and diesel, cigarettes, alcohol, and cell phone service plans.

• Does The Woodlands have a high property tax rate?

  Residents of The Woodlands are paying $2.5 million less in property taxes in 2023 compared to 2022. This is because The Woodlands Township Board of Directors voted in September 2022 to set the Ad Valorem Tax Rate at 18.50 cents per $100 of taxable value, resulting in the metro's lowest property tax rates in over 12 years.

• Can residents of The Woodlands appeal their property taxes?

  Those in The Woodlands who wish to contest their property's appraised market value may do so through the Montgomery Appraisal Review Board or the Harris County Tax Office, depending on where they live. Both offices hold hearings during which the petitioner must present evidence about their property and, if applicable, other properties in the area.

• Who pays franchise taxes in The Woodlands?

  Certain business entities formed or operating in The Woodlands are subject to franchise taxes imposed by the state. Corporations, limited liability companies, partnerships, joint ventures, banks, and trusts are examples of these entities. State limited banking, savings and loan, professional, and business associations are also required to pay franchise taxes and file annual reports.