How much is the housing tax if the house value is 250K? (Dallas: real estate)

[NiceJohn]

Thinking to move to Plano or Richardson area. The house we may buy is going to be around 250K. How much tax we will pay yearly on the houses valued at 250K? Texas has no income tax. But real estate tax in TX may cost more money than what saved on state income tax. Thanks. John

[loves2read]

it varies depending on the appraisaed tax values and the tax zones (school, city, county, hospital, college, and any special zones) that you live in
you can check the county appriasal boards to get the tax rates for pretty much any address in the county--check houses on MLS sites and then look up the address at the county appraisal site
you can get discount on value if you file a homestead exemption
you also get discount in some areas if you are disabled or senior citizen

Tarrant Appraisal District is for Tarrant co--not Richardson or Plano

Dallas Central Appraisal District for Dallas county

Central Appraisal District of Collin County (http://www.collincad.org/default.html - broken link) for Collin County

[lh_newbie]

As a general rule of thumb, you can use 2.6% of the purchase price as your tax rate. That number should err slightly on the side of caution - so it a good budgeting number.

[NiceJohn]

I heard reat estate tax rate is around 5-6%, depending what part of DFW area you live in.

[aceplace]

Originally Posted by NiceJohn

I heard reat estate tax rate is around 5-6%, depending what part of DFW area you live in.

Well, you shouldn't automatically believe what people tell you.

The fact that you're soliciting second opinions in this forum is a positive step.

Where I live, in Savannah, Texas, my property tax for a $170,000 house is $3,400. That comes out to about 2%. Savannah is not a city, just a freshwater district, with some functions that a municipality provides, so the taxes are less. My checking account doesn't care, however.

[lpepping]

I live in Dallas and my rate comes out to about 2.1% when I take into account my homestead exemption.

[walty_14]

Loves2read gave you some great sites but almost all of DFW is between 2 and 3%, so $5000 to $7500 annually. Keep in mind that the tax is deductible for federal taxes if you itemize. Here is an actual list I found. So for example, not taking into account the homestead exemption, your tax would be $5336 in HP and $7550 in Ft. Worth. Even adjacent cities can have huge disparities so it is worth comparing when you are shopping cities. For example, Flower Mound is almost .6 less than Coppell or almost $1500 annually. I'm not commenting on the value of services received for the additional taxes paid, just that it definitely does cost more.

Highland Park 2.134634 Flower Mound 2.321620 Frisco 2.326830 Lewisville 2.328710 University Park 2.349294 Plano 2.384583 Highland Village 2.441550 Little Elm 2.441920 Rockwall 2.485700 Carrollton-Denton 2.504795 Addison 2.520574 Colleyville 2.567977 Corinth 2.578900 Grapevine 2.583077 The Colony 2.586920 Sachse-Collin 2.588591 Denton 2.622440 Allen 2.665783 Keller 2.686467 Bedford 2.690749 Farmers Branch 2.731434 Euless 2.733367 Irving 2.745834 Richardson 2.759144 McKinney 2.761683 Hurst 2.761867 Garland 2.777434 N. Richland Hills 2.781277 Dallas 2.785774 Coppell 2.794394 Rowlett-Rockwall 2.807873 Sachse-Dallas 2.809842 Grand Prarie-Dallas 2.853632 Carrollton-Dallas 2.869809 Southlake 2.903277 Arlington 2.904277 Grand Prarie-Tarrant 2.945975 Lantana 2.995920 Rowlett-Dallas 3.011107 Fort Worth 3.020277

[NiceJohn]

Thank you very much for your excellent resonsponses. what is homestead exemption? How much is per household? John