Texas mortgage calculator

Texas has no state income tax, but it funds local government largely through property taxes, which means effective rates are among the highest in the country. The statewide average runs roughly 1.6 to 1.9 percent of assessed value per year, though the number varies considerably by county and municipality.

In the Dallas-Fort Worth metro, effective rates in Tarrant and Dallas counties typically fall in the 1.8 to 2.4 percent range, depending on the city, school district, and any municipal utility district (MUD) overlays. Suburban cities with newer infrastructure bonds often sit at the higher end. Houston-area buyers in Harris County see similar ranges, and buyers in Fort Bend or Montgomery counties should confirm their specific appraisal district rate, as it can move the monthly payment by $150 to $300 on a median-priced home.

In San Antonio and the Hill Country corridor (Comal, Kendall, and Bexar counties), effective rates vary widely between jurisdictions. A home just outside city limits in an unincorporated area can carry a materially different tax burden than one inside a city with full services. Always use the county appraisal district estimate, not a statewide average, before you lock in your budget.

Homeowners insurance in Texas runs higher than the national average, largely because of wind and hail exposure across most of the state and hurricane and storm-surge risk along the Gulf Coast. Typical annual premiums for a median-priced home range from approximately $2,000 to $4,500 depending on location, construction type, age of roof, and coverage limits. Coastal counties and areas within hail corridors sit toward the upper end of that range. Some policies separate wind and hail into a named-peril endorsement or a separate policy, which adds to the annual total. The default insurance figure in this calculator is a Texas-appropriate starting point; replace it with your actual quote once you have one.

All rate ranges are approximate and vary by county, appraisal district, and policy. Confirm current figures with your county appraisal district and insurance carrier before finalizing your budget.