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Local tax facts

What Southlake taxpayers should know

17 facts from official pages, checked October 21, 2026. Rates and dates change, so confirm with the source before you act.

Sales tax

Property tax

Business setup

  • Certificate of Occupancy

    Southlake requires a Certificate of Occupancy when a space gets a new tenant, a change of use, a change of name or a new owner.

    Source: City of Southlake: Re-occupancy guidelines

  • City help for businesses

    Select Southlake, the city's economic development site, lists business assistance, a business engagement program and a Starting a Business page.

    Source: City of Southlake: Select Southlake

Appraisal district

Texas rule

  • School district homestead exemption

    Texas law requires school districts to give a $140,000 residence homestead exemption. Other taxing units may add a local exemption of up to 20%.

    Source: Texas Comptroller: Property tax exemptions

  • Franchise tax threshold

    For franchise tax report years 2026 and 2027, the no tax due threshold is $2,650,000.

    Source: Texas Comptroller: Franchise tax

Southlake tax questions

How much is the sales tax in Southlake?

The Texas Comptroller's city rate table lists 8.25% combined: 6.25% state, 1.875% city and 0.125% for the Southlake Crime Control District.

Does Southlake give a homestead exemption?

Yes. The city says residents get a 20% homestead exemption, the highest level the law allows. Texas law also requires school districts to give a $140,000 residence homestead exemption. Talk to a CPA about how this applies to your home.

Do I need a Certificate of Occupancy for a new Southlake business space?

The city requires one when a space gets a new tenant, a change of use, a change of name or a new owner. Check details with the city before you sign a lease.

General information, not advice for your situation. Talk with a CPA about your own facts.

Talk to Wallace CPA

Call the Southlake office and say what you need: a return, an IRS letter, your books or a new business. Have the notice or last year's return nearby if you have one.

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180 State Street, Suite 225, Southlake, TX 76092

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