Texas Property Taxes and Your Mortgage Payment: What Buyers Should Budget

A smiling Texas couple and a loan officer in a navy blazer reviewing property tax and mortgage paperwork with a laptop at a bright dining table

Texas REALTORS say many buyers this year were surprised by how much property taxes affected what they could afford. Here is how escrow works, why the seller’s tax bill is not your tax bill, and how the $140,000 school homestead exemption and the 10% homestead cap apply to new owners.

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