Texas Property Tax Calculator
Estimate your annual property taxes in Texas. Calculate assessed value and apply Texas average millage rates.
Why calculating finance in Texas is different
Texas has no state income tax.
State Income Tax
None
Base Sales Tax
6.25%
State Min Wage
$7.25 / hr
Abbreviation
TX
Texas Finance Interactive Tool
This calculator uses the latest 2026 data for Texas, including the minimum wage of $7.25 and the specific lack of a state income tax.
Frequently Asked Questions about Texas Finance
How are property taxes assessed in Texas?
Property taxes in Texas are generally assessed at the local county or municipal level based on the fair market value of the property, multiplied by the local millage or tax rate.
Are there property tax exemptions in Texas?
Yes, Texas often provides homestead exemptions for primary residences, as well as specific exemptions for seniors, veterans, and individuals with disabilities, which can significantly lower your tax bill.