Texas Mortgage Calculator
Calculate your monthly payment in Texas, with property tax included using the state's effective rate of 1.49%. See your full amortization schedule and analyze your loan structure.
Pick a state to use its property tax rate. With a keyboard, use the arrow keys and press Enter.
Estimated Monthly Payment
Estimates only. Does not include homeowners insurance, mortgage insurance (PMI), or HOA fees. Property tax uses the state's average effective rate and your actual bill may differ.
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,694 |
| 10 | $6,410 | $17,861 | $271,284 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,147 |
| 13 | $7,786 | $16,485 | $249,361 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,732 |
| 17 | $10,091 | $14,180 | $212,641 |
| 18 | $10,767 | $13,505 | $201,874 |
| 19 | $11,488 | $12,784 | $190,386 |
| 20 | $12,257 | $12,014 | $178,129 |
| 21 | $13,078 | $11,193 | $165,051 |
| 22 | $13,954 | $10,317 | $151,097 |
| 23 | $14,888 | $9,383 | $136,208 |
| 24 | $15,886 | $8,386 | $120,323 |
| 25 | $16,949 | $7,322 | $103,373 |
| 26 | $18,085 | $6,187 | $85,289 |
| 27 | $19,296 | $4,976 | $65,993 |
| 28 | $20,588 | $3,683 | $45,405 |
| 29 | $21,967 | $2,305 | $23,438 |
| 30 | $23,438 | $833 | $0 |
Property tax in Texas: the numbers
Texas has one of the highest effective property tax rates in the country. At 1.49%, it is 62% above the 0.92% national average, and it shares 7th place with Nebraska when the 50 states are ranked from highest rate to lowest.
A median-valued home in Texas is worth $283,800 and carries a median property tax of $4,232 per year, or roughly $353 per month. By median home value the state ranks 29th out of 50 (1 = highest), and by median annual property tax it ranks 11th.
| Effective property tax rate | 1.49% |
|---|---|
| Median home value | $283,800 |
| Median annual property tax | $4,232 |
| Rank by rate (1 = highest of 50) | 7 (tied with Nebraska) |
| Difference vs 0.92% national average | 0.57 points above (62% above) |
What this means for your monthly payment
Two worked examples for Texas, using the figures above:
Example 1: the median home
$4,232 per year ÷ 12 = about $353 per month in property tax (median home value: $283,800).
Example 2: a $300,000 home
$300,000 × 1.49% ÷ 12 = about $373 per month, or $4,470 per year.
At the 0.92% national average rate, a $300,000 home would have about $2,760 in property tax per year. In Texas it is about $4,470, which is $1,710 more per year (about $143 more per month).
Compare with similar states
States ranked just above and just below Texas by effective property tax rate (1 = highest). States with the same rate are ordered by median annual tax.
Ranked just above (higher rate)
- Illinois — 2.01% (rank 2)
- Connecticut — 1.81% (rank 3)
- New Hampshire — 1.66% (rank 4)
- Vermont — 1.59% (rank 5)
- New York — 1.55% (rank 6)
Ranked just below (lower rate)
- Nebraska — 1.49% (rank 7)
- Wisconsin — 1.42% (rank 9)
- Iowa — 1.39% (rank 10)
- Ohio — 1.31% (rank 11)
- Pennsylvania — 1.30% (rank 12)
Texas property tax FAQ
What is the property tax rate in Texas?
The effective property tax rate in Texas is 1.49%. That is 62% above the 0.92% national average, and the state shares 7th place with Nebraska when the 50 states are ranked from highest rate to lowest.
How much is property tax on a $300,000 home in Texas?
At Texas's effective rate of 1.49%, property tax on a $300,000 home works out to about $4,470 per year, or about $373 per month. At the 0.92% national average, the same home would be about $2,760 per year, so Texas is about $1,710 more per year.
How much is property tax on the median home in Texas?
The median home value in Texas is $283,800, and the median annual property tax is $4,232, which is about $353 per month.
Does the property tax rate vary inside Texas?
Yes. Property taxes are set locally, so actual bills depend on your county, city, and exemptions. The 1.49% figure is a state-level estimate based on medians, not a rate that applies to every home.
Figures are estimates based on Census data and are not tax or financial advice. Actual bills depend on your local rates, assessed value and exemptions.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, as compiled by PropertyShark and PropertyTaxByState.