Texas Property TaxesProperty taxes in Texas are the seventh-highest in the U.S., as the average effective property tax rate in the Lone Star State is 1.60%. Compare that to the national average, which currently stands at 0.99%. The typical Texas homeowner pays $3,797 annually in property taxes.These taxes are the primary source of revenue for local governments, and fund local services like schools, water systems and law enforcement. In total, there are around 4,000 local entities that can collect property taxes in Texas. That includes every city, county and school district.For more information on the housing market in Texas, check out our comprehensive mortgage guide, which provides details about rates and getting a mortgage in Texas.A financial advisor can help you understand how homeownership fits into your overall financial goals. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost t...
