What is the texas property tax calculator — 1.74% effective rate?
In short
Texas's median effective property tax rate is 1.74%. On a $350,000 home, that's about $6,090/year ($508/month). Texas has no state income tax and relies heavily on property taxes for government revenue. Texas homesteads receive a $100,000 school district exemption plus protections limiting assessed value increases to 10%/year for homestead properties.
This calculator estimates your annual and monthly Texas property tax based on your home's assessed value and the local effective tax rate. The 1.74% rate shown is the statewide median — your actual rate depends on your county and municipality.
How to use this calculator
- 1Enter your home's assessed value (from your property tax bill or county assessor website).
- 2The effective rate is pre-set to 1.74% — the Texas median. Adjust it to match your county's actual rate.
- 3Read your estimated annual property tax and monthly escrow amount.
- 4Compare rates across counties by adjusting the rate field.
The formula
- assessed value
- — The value assigned by your county assessor — often 80–100% of market value, depending on state rules
- effective rate
- — Total taxes paid ÷ home value — already accounts for exemptions and assessment ratios
- annual tax
- — Assessed value × effective rate
- monthly escrow
- — Annual tax ÷ 12 — typically collected with your mortgage payment
Worked example
The scenario
$350,000 home in Texas at the median effective rate of 1.74%.
The result
Annual tax = $350,000 × 1.74% = $6,090. Monthly escrow = $6,090 ÷ 12 = $508.
Common use cases
- Estimating annual property taxes before buying a home in Texas
- Budgeting for escrow payments in a mortgage
- Comparing property tax costs between counties or states
- Planning cash flow as a landlord or investor
Limitations & assumptions
- The 1.74% rate is the statewide median — your county rate may be significantly higher or lower. Check your county assessor's website for the exact rate.
- Homestead exemptions, senior exemptions, and other credits can reduce your actual bill — this calculator uses the pre-exemption assessed value.
- Assessed value may differ from market value depending on your state's assessment rules.
Frequently asked questions
Disclaimer: KalkWise calculators are provided for general informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. Results are estimates based on the figures you enter and the assumptions described above. Actual outcomes will vary. Consult a qualified professional before making financial decisions.