Texas does not have a state income tax, and property taxes help fund schools, roads and local services. They are an important part of your monthly cost.
How they work
Your home is appraised by the local county appraisal district each year. Local taxing entities, such as the city, county and school district, set their tax rates. The value times the rates gives your tax bill.
Why it matters when you buy
Two homes with the same price can have different tax bills depending on the location. Always look at the full monthly payment, including taxes and insurance.
Homestead exemption
If the home is your primary residence, you may qualify for a homestead exemption that can lower your taxable value. You must apply, and it is not automatic. Check the deadlines with your county.
If you disagree with your value
Homeowners can file a protest with the appraisal district, and there are deadlines each year. Review the notice you get carefully.
Plan ahead
Ask your lender to estimate the taxes in your payment.
Remember that values and rates can change.
Talk to a tax professional for personal advice, since I am not a tax advisor.
I can help you compare the full costs of homes in different areas. Reach out to start your search.
