How do I determine my property taxes for my home and land in Texas?

I bought 10.11 acres. We are building a $220,000 home on it. What will be my yearly property taxes?
Paid $30,000 on the land. We live about 3 hours from Dallas.

By | 2013-08-27T15:19:27+00:00 August 27th, 2013|Mortgages Home Loans Interest Rate|5 Comments

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5 Comments

  1. tro August 27, 2013 at 6:11 PM - Reply

    your county assessor determines the amount of your property taxed based on the assessed value of the land and the improvements

  2. Max Hoopla August 27, 2013 at 6:00 PM - Reply

    As at your county. We can’t tell.

  3. Fred August 27, 2013 at 5:56 PM - Reply

    An assessment required.

    Taxing Authorities and Collection

    Generally, responsibility for the three phases of property tax — levy, appraisal, and collection — rests almost exclusively on the taxing authorities within local governments. A taxing authority like a county, city, town, hospital, refuse collection, school, or other special district, is a legal entity of the government with elected or appointed officers who serve a distinct geographic area.

    Both state and local government agencies are authorized to levy taxes, but the way they conduct assessments, collection, and compliance can differ widely. In some states, a single state agency has primary responsibility for obtaining all appraisals, making assessments, and collecting taxes. In most states, certain agencies assess some or all railroads and utilities properties.

  4. Bostonian In MO August 27, 2013 at 4:56 PM - Reply

    You’ll have to contact the local appraisal district for that information. Texas property taxes are some of the highest in the country if you live in or near one of the major metropolitan areas in the state. Rates as high as 5% of fair market value are not at all unheard of. On the house alone, that could be $11,000 per year. What did you pay for the land?

    Edit: By law in Texas, property taxes are based upon fair market value. The acquisition cost (land plus construction costs) is a good measure of FMV so that’s what will be used by the local appraisal district in determining your property taxes.

    “3 hours from Dallas” covers a HUGE amount of real estate — over 138,000 square miles — and is pretty meaningless in telling where you are located. Property tax rates in some rural Texas counties are pretty low but in the larger metro areas they can be breathtakingly high. Contact your local appraisal district for information on the millage rates for your exact location, and then figure that rate on FMV of $250,000 and you’ll be within pocket change of what you bill will be.

  5. str8_lady_a2006 August 27, 2013 at 4:03 PM - Reply

    As far as I know the town office will have all that info…Here it’s based on all the things that the town pays for like road repair, schools, etc…good luck!

    yes, what they said….lol

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