Texas

Texas has an effective property tax rate of 1.6%, with a median annual property tax of $4,400. Properties are assessed at 100.0% of market value and reassessed annual (january 1 appraisal date; central appraisal districts value all property yearly). Payments are due annual.

Effective Rate

1.60%

Assessment Ratio

100.0%

Median Annual Tax

$4,400

Payment Frequency

Annual

Appeal Deadline

By May 15 or within 30 days of appraisal notice (whichever is later) to Appraisal Review Board

Due Dates

Due January 31; delinquent after January 31. Partial payment plans available. Over-65 may pay in quarterly installments.

Reassessment Cycle

Annual (January 1 appraisal date; Central Appraisal Districts value all property yearly)

Homestead Exception

$100,000 exemption for school district taxes (increased from $40,000 in 2023). Over-65 or disabled: additional $10,000 school exemption plus tax ceiling freeze. Optional local exemptions up to 20% of value.

Key Notes

No state income tax; property tax is primary state/local revenue source. Among the highest effective rates nationally. SB 2 (2023) raised school homestead exemption to $100,000. Franchise tax (business) partially offsets property tax reliance. Appraisal caps at 10% annually for homesteads.

Late Penalty

7% penalty in February; increases monthly (up to 12% by July 1); plus 1% per month interest. After July 1: additional 20% attorney collection fee.

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