Business Tax Rate Information

Tax Rates for Businesses in Magnolia, TX

Understanding the local tax environment is essential for businesses operating in or considering a move to Magnolia. The Magnolia Economic Development Corporation provides this comprehensive guide to help businesses navigate the tax landscape in our community.

City of Magnolia Tax Rate History

The City of Magnolia has consistently worked to maintain competitive property tax rates while providing high-quality services to businesses and residents.

Tax Year Adopted Tax Rate
2024 $0.2509
2023 $0.2948
2022 $0.3813
2021 $0.4051
2020 $0.4529

Sales & Use Tax

Within City Limits of Magnolia

Entity Rate
State of Texas 6.25%
Montgomery County 0.00%
City of Magnolia 2.00%*
Total Rate 8.25%

Contact Us For Assistance

Our economic development team can provide guidance on tax considerations for businesses relocating to or expanding in Magnolia. Contact us for personalized assistance:

Rachel Steele
Economic Development Director
Phone: (936) 548-9249
Address: City of Magnolia, 18111 Buddy Riley Blvd., Magnolia, TX 77354
The Magnolia Economic Development Corporation remains committed to ensuring Magnolia fully focuses on the future and maintains an "Open for Business" community approach.