Annual Property Tax
$8,500
Monthly Property Tax
$708
Effective Tax Rate
2.13%
Your effective rate is 0.32% higher than the Texas average.
What is a millage rate?
A millage rate (also called a mill rate) is how your local council works out your tax bill. One mill equals $1 of tax for every $1,000 of assessed value. So a millage rate of 25 means you pay $25 per $1,000 of assessed value. Your local government sets this rate each year to fund things like schools, roads, and emergency services.
How is assessed value different from market value?
Market value is what your home would sell for on the open market. Assessed value is the amount your local tax office uses to work out your tax. In most states, the assessed value is lower than market value. For example, if your home is worth $400,000 and the assessment ratio is 85%, your assessed value would be $340,000. The tax is then based on that lower figure.
What property tax exemptions are available?
Many states offer exemptions that lower your tax bill. Common ones include the homestead exemption (for your main home), senior citizen exemptions, disability exemptions, and veteran exemptions. Some states also cap how much your assessed value can rise each year. Check with your county assessor to see which exemptions you qualify for.
Note: This calculator gives estimates based on the inputs you provide. Actual property tax bills may differ based on local assessments, special levies, and changes in tax law. Contact your county assessor for exact figures.
Disclaimer: This calculator provides estimates based on current IRS rates and thresholds for the 2025 tax year. It does not constitute professional tax, financial, or legal advice. Your actual liability may differ depending on your filing status, state of residence, deductions, and individual circumstances. Always consult a qualified tax professional or CPA before making financial decisions. Read our terms
This calculator uses official rates and thresholds from:
- IRS Publication 530 — Tax Information for Homeowners
- IRS Topic 503 — Deductible Taxes
- IRS Publication 17 — Your Federal Income Tax
Last verified: March 2026 · Tax year 2025. Results are indicative — consult a qualified accountant for personalised advice.
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