|
All agents are not created equal! Find out why we are the top real estate team in Katy, Sugarland and Houston Texas! Call us: (800)783-4041
|
Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
Find Out More >
View All Offers >
|
 Compare three mortgages at one time.
Download TripleCalc now. It's free. |
Liz Carter's Team are some of The
Top Selling Real Estate Experts™
Find Out More > |
|
 Welcome > Seven Meadows Katy Texas Real Estate & Community Information ...
|
 |
Welcome to Seven Meadows!
Located in the heart of Katy Texas, this vibrant community has endless possibilities to accommodate you and your family. Seven Meadows has it all recreation, leisure activity areas, excellent education options, golf club and more. If you are considering Katy, Texas as your new home, choose Seven Meadows!
Seven Meadows Recreation and Living
Model Homes
-
Avalon at Seven Meadows
-
Trendmaker Homes
-
Taylor Woodrow
-
Pulte Homes
-
Partners in Building
-
Newmark Homes
-
Meritage Homes
-
Lennar Homes
-
Highland Homes
-
David Weekley Homes
-
David Powers Homes
-
Darling Homes
Schools Located Within Seven Meadows
Rated as a Recognized district by the Texas Education Agency, Katy Independent School District (ISD) offers an outstanding instructional program with facilities, equipment and materials that are among the best in the state.
Based on data from 2005-2006 school year. Katy ISD is the fastest-growing school district in the Houston metro area and one of the fastest-growing in the state. Projections show a steady upswing throughout this decade, with total enrollment topping 83,000 by Fall 2015.
Download the 2006-2007 Katy ISD Fact Sheet
(Reference: Katy Independent School District)
Shopping and Entertainment
Seven Meadows is conveniently located within minutes of shopping, dinning and entertainment. Most major retailers are located within the Katy, TX area.
Shopping Near Katy, TX
http://maps.google.com/maps?hl=en&um=1&ie=UTF-8&q=shopping&near=Katy,+TX&fb=1&view=text&sa=X&oi=local_group&resnum=1&ct=more-results&cd=1#
Demographics
As of the census of 2000, there were 11,775 people in "Old Katy", 3,888 households, and 3,083 families residing in the city. The population density was 1,103.7 people per square mile (426.1/kmē). There were 4,072 housing units at an average density of 381.7/sq mi (147.3/kmē). The racial makeup of the city was 83.98% White, 4.24% African American, 0.56% Native American, 0.50% Asian, 0.04% Pacific Islander, 8.65% from other races, and 2.03% from two or more races. Hispanic or Latino of any race were 23.75% of the population. Also, there is a small Muslim community represented by the Katy Islamic Association. [1][2]
The median income for a household in the city was $51,111, and the median income for a family was $57,741. Males had a median income of $38,412 versus $33,004 for females. The per-capita income for the city was $21,192. 8.4% of the population and 7.0% of families were below the poverty line. Out of the total people living in poverty, 9.1% were under the age of 18 and 6.5% were 65 or older.
Finding Seven Meadows
Follow Link Below for Map and Directions:
http://maps.google.com/maps?q=Seven+Meadows+Pkwy,+Katy,+TX+77494,+USA&ie=UTF8&ll=29.712209,-95.782413&spn=0.073801,0.145912&z=13
|
Tax Considerations >Your Tax Free Profits
Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.
With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.
You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.
|
|
| Q |
What does the term ARM stand for?
|
| A |
An ARM is an Adjustable Rate Mortgage, a loan where the interest rate is tied to an economic index that fluctuates with the market. |
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERTS™ 
All real estate transactions require the help
of numerous local businesses. 
