1. Texas Property Tax Calculation

Texas property taxes are calculated by multiplying the assessed value of a home by the local tax rate. Texas has no state income tax, so property taxes are a primary source of local government funding.

2. How the Calculator Works

The calculator uses the Texas property tax formula:

Where:

• Assessed Value — The taxable value of your property as determined by the county appraisal district
• Tax Rate — The combined rate of all local taxing entities (county, city, school district, etc.) expressed as a percentage

Example: A $300,000 home in an area with a 2.3% tax rate would owe $6,900 annually ($300,000 × 0.023).

3. Understanding Texas Property Taxes

Key Points:

• Texas has some of the highest effective property tax rates in the U.S.
• Tax rates vary by location (typically 1.8%-3.5% of home value)
• Homestead exemptions can reduce taxable value
• Taxes are paid annually to the county tax assessor-collector

4. Using the Calculator

Instructions:

1. Enter your home's assessed value (from your appraisal district)
2. Enter your local combined tax rate (available from your county tax office)
3. Click calculate to see your estimated annual property tax

5. Frequently Asked Questions (FAQ)

Q1: How often are property taxes paid in Texas?
A: Property taxes are due annually by January 31st, though many counties allow installment payments.

Q2: What's the homestead exemption?
A: It reduces your home's taxable value by $25,000-$100,000 for school taxes (and often other taxes) if it's your primary residence.

Q3: Can I protest my property valuation?
A: Yes, you can file a protest with your county appraisal district between April-May each year.

Q4: Why are Texas property taxes so high?
A: With no state income tax, local governments rely heavily on property taxes to fund services.

Q5: Are there any tax breaks for seniors?
A: Yes, seniors (65+) qualify for additional exemptions and may have their school taxes frozen.