Editor’s Introduction: Property tax bills are skyrocketing nationwide. With inflation, bare land values are up, house construction costs are up, and house prices are up. Even if property tax rates remain the same, the relative tax burden on individual landowners and homeowners is increasing. Many Americans are trapped in a quandary: They see residential real estate as one of their only viable hedges against relentless inflation. But as their home prices escalate, so do their taxes. Together, the combined stresses of higher interest rates (with consequently higher monthly mortgage payments) and higher property taxes are making home buying unaffordable for Gen Z, Gen Y (Millennial), and many Gen X families. – JWR
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Many homeowners in Texas exercise their right to dispute the property taxes set by their appraisal districts every year. This Texas administrative process is called a property tax protest, with the protest deadline to file this year set at May 15. I wanted to share some tips for people for this property tax season and help people outside Texas understand the system before moving. I do love Texas, but I wish somebody had told me everything that I know now.
For reference, Texas’ cost of living is truly very low (my average electricity bill $65/month as a single male, while running A/C at 70F 24/7 and batch cooking, in a 1,100+ sq ft home). Gas, as of April 2025, is $2.65/gallon, and water is $35 a month (I don’t use much water). There is no state income tax in Texas. However, the property tax cost is sky-high – for a $400,000 house, a rough estimate could be $8,000-to-$9,000 in average property taxes. In fact, Texas has one of the highest property tax rates in the US, with averages ranging from 1.6%-2.65% of market value or more each year.Continue reading“Texas Property Tax Protest Season – The Month of Discontent, by Joel Ho”
