Texas Property Taxes Rank Among Highest in the Country

As seen in Culture Map, a new study from WalletHub revealed very telling details about the real estate taxes owned by Americans, but specifically Texans. By reviewing 2014 U.S. Census Bureau data and state-by-state Department of Motor Vehicle records, the study was able to calculate that Texas has the fifth highest real estate tax rate when compared to our counterparts.

Continuing, the study found that Texas pay an average of $3,327 each year, which is $1,238 higher than the reported national average. The only states that exceed the Lone Star State were Wisconsin, New Hampshire, Illinois and New Jersey. Unlike twenty-seven other states, Texas does have a vehicle property tax, which would typically ad around $423 more per year.

Through real estate and vehicle property taxes, New Hampshire residents on average pay $4,062 each year, which makes them No.1 on the list. Residents of Hawaii has the lowest real estate property tax, $482, and they do not pay any vehicle property tax.


About fulshearrealestate

With over 20 years of working in the greater Fulshear/Katy market, RE/MAX Realty West has become an integral part of the community and the number one choice for clients to find their next home. We are intimately familiar with the rich history and the wonderful communities that this area has to offer, not only because we work here, but because this is the community that we, ourselves, call home. As a friendly, boutique office, our goal is to provide our clients with an unequaled level of service. Whether you are finding the right home or looking to put your current house on the market, RE/MAX Realty West can help you every step of the way. Our experience helps clients find the right home, in the right location. We specialize in the greater Fulshear and Katy communities including Weston Lakes, Fulbrook, Cross Creek Ranch, Fulshear Creek Crossing and Firethorne. We also serve the acreage communities along the FM 359 corridor, which include the quaint neighborhoods of River Forest, Texana, Woods Edge and Grand River. Additionally, we handle the large Katy Master Planned Communities including Cinco Ranch, Seven Meadows and Grand Lakes.
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