Texas variant. This is a Texas-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Texas's effective property tax rate of 1.68% means the owner of a median $305,000 home pays roughly $5,124 per year - a figure that varies widely by state.
How Texas property tax is calculated
Property tax = assessed value × local millage rate. The 1.68% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $305,000 Texas median home, that works out to about $5,124/year or $427/month - often escrowed into your mortgage payment.
About taxes and housing in Texas
Texas has a constitutional ban on a state personal income tax, relying instead on sales and property taxes.
Texas offsets the lack of an income tax with relatively high property taxes near 1.68%, while median home values are around $305,000.
Texas has one of the largest state economies in the nation, led by energy, technology, manufacturing, and trade.
Worked example: tax on a $305,000 home
$305,000 × 1.68% = $5,124 per year. A $500,000 home in Texas would owe about $8,400 annually at the same effective rate.
Quick reference
- State income tax: No state income tax (constitutional ban)
- State sales tax: 6.25% (plus 1.95% avg local)
- Median home value: $305,000
- Median household income: $75,780
- Effective property tax rate: 1.68%
- Avg auto insurance: $2,018/yr
Frequently Asked Questions
What is the property tax rate in Texas?
Texas's effective property tax rate averages 1.68% of market value per year.
How much property tax on a $305,000 home in Texas?
About $5,124 per year at the 1.68% effective rate.