Understanding How Texas Property Taxes Are Calculated And Determined

How Property Taxes are Calculated in Texas

As a homeowner in Texas, one of the biggest expenses you face is property taxes. Understanding how they are calculated is crucial in managing your budget and planning for your tax bill. Here’s what you need to know about how property taxes are calculated in Texas and how you can lower your tax bill.

Determine the Appraised Value

In Texas, property taxes are determined by the local taxing authorities, including school districts, cities, counties, and special districts. The taxes are based on the appraised value of the property, which is set by the local appraisal district. The market value of the property is the price that it would sell for on the open market.

Calculating Property Taxes

To calculate your property taxes, you need to multiply the appraised value by the tax rate. The tax rates vary depending on your location and the local taxing authorities. If you want to know how much your property taxes will be, you can look up your property on the appraisal district’s website, where you can find the appraised value of your property and the tax rates for your location.

Options for Lowering Property Taxes

If you think that the appraised value of your property is too high, you can file a protest with the appraisal district and provide evidence to support your claim. This could help you to lower your property taxes. Another option to consider is a property tax loan. At Home Tax Solutions, we specialize in providing property tax loans to homeowners in Texas. Our loans can help you to pay your property taxes over time, avoiding late fees and penalties and preventing your property from being sold at a tax sale.=

Property Tax Year Calendar in Texas

The property tax year calendar in Texas runs from January 1st to December 31st. The appraisal district sets the value of the property as of January 1st of each year, and the tax bill is mailed to the property owner in October. The property taxes are due on January 31st of the following year. If the property taxes are not paid by the due date, penalties and interest will accrue.

Texas Counties with the Highest Property Tax Rates

Texas is known for having some of the highest property tax rates in the country. The property tax rate varies by location and is determined by the local taxing authorities. According to the Texas Comptroller’s Office, the following are the counties with the highest property tax rates in Texas:

  • Fort Bend County – 2.48%
  • Tarrant County – 2.37%
  • Harris County – 2.31%
  • Williamson County – 2.22%
  • Collin County – 2.19%
  • Dallas County – 2.18%

*It’s worth noting that these rates are subject to change and can vary from year to year. 

Texas Counties with the Lowest Property Tax Rates

Similarly, there are counties with the lowest property tax rates in Texas, which are:

  • Sabine County – 0.64%
  • Crockett County – 0.66&
  • Terrell County – 0.67%
  • Ward County – 0.76%
  • Zapata County – 0.76%
  • Kent County – 0.81%

*Again, these rates are subject to change and can vary from year to year. Knowing the property tax rates in your county can help you to plan for your tax bill and make informed decisions about your property.

How Home Tax Solutions Can Help 

Understanding how property taxes are calculated in Texas is important for homeowners. By knowing how to calculate your property tax and exploring options for lowering your tax bill, you can save money and keep your home. At Home Tax Solutions, we’re here to help with property tax loans and expert advice on property taxes. Contact us today to learn more.