Whether you are considering relocating to the DFW Metroplex or from within the boundaries of North Texas, tax rates may differ from what you are accustomed to paying. While Texas has no state or local income tax and no property tax on vehicles, its residents pay one of the nation's highest rates when it comes to taxes on real estate.

In Texas, property taxes are calculated by multiplying the assessed value of real property by the total combined levy across each taxing authority having jurisdiction over the parcel. Rates are reviewed annually, and assessed each calendar year starting January 1. Additional taxes could be present for properties situated within boundaries of special district rates (MUD, PUD, PID, SUD, etc...) During the purchase process, you should receive a tax certification from the title company based off the prior year's amounts to estimate what will be collected at closing. If you are purchasing within a special district, the Seller should disclose this information as well. Your lender can assist you with information regarding escrow options for your mortgage payment.

While the exact property tax rate you will pay will vary by county and is set by the local property tax assessor, you can use the free Texas Property Tax Estimator Tool to calculate your approximate yearly property tax based on median property tax rates across Texas.

Keep in mind that assessments are done on a property-by-property basis, and online calculators cannot take into account any specific features of your property that could result in property taxes that deviate from the average in your area. The specific geographic location of each property matters, and taxing entities can vary based on boundary lines for each taxing authority.

Your county's property tax assessor  is the best resource for detailing the specific tax details levied for any given address. 

Looking for a REALTOR® to help you find the perfect home in the Dallas / Fort Worth Metroplex?

Relocating can be an intimidating process, but there are things you can do to ensure a smooth and successful transition. Providence Group Realty agents are uniquely qualified to work with Buyers and Sellers throughout the DFW Metroplex. If you will be coming from outside the DFW area, please call us before finalizing your travel plans so we can reserve and prioritize your tour times.