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How to Calculate Property Tax in Texas (Free Calculator)

The Texas property tax formula is simple: taxable value × tax rate = your bill. Use the calculator below to estimate your potential savings from a successful protest, or scroll down for the full breakdown of exactly how appraisal districts and taxing units calculate your bill.

Taxable Value × Tax Rate = Property Tax Bill

Property Tax Savings Estimator

See how much you could save if we successfully reduce your assessed property value.

$500,000
% (Adjust to match your county)
Est. Gross Tax Savings: $1,250
PTL Contingency Fee (30%): -$375
Your Net Savings: $875
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*Disclaimer: This tool provides a hypothetical estimate based on an average 10% appraisal reduction. Actual tax rates vary widely by local jurisdictions (cities, schools, utility districts, etc.). PTL only charges a fee if we successfully reduce your tax liability.

How Property Tax Is Actually Calculated in Texas

Behind the simple formula above are three separate steps that determine your final bill. Understanding each one helps you spot where an error — or an opportunity to protest — might be hiding.

1

Your County Appraisal District Estimates Market Value

Each county appraises every property's market value as of January 1st using mass appraisal methods — comparable sales, square footage, location, condition, and age.

2

Exemptions Reduce the Taxable Value

The 2026 general homestead exemption removes $140,000 from your school district taxable value. Over-65 and disabled homeowners get an additional $60,000 (combined $200,000).

3

Local Tax Rates Are Applied

Multiple taxing units — school district, county, city, special districts — each apply their own rate to your taxable value. Combined rates in Texas typically run 1.8%–2.5%.

For the complete step-by-step breakdown — including the 10% homestead cap and the 20% commercial circuit breaker — see our full guide to how Texas property taxes are calculated.

Frequently Asked Questions

How do I calculate my property tax in Texas?

Multiply your taxable value (appraised value minus exemptions) by your combined local tax rate. For example, a $260,000 taxable value at a 2.0% combined rate produces a $5,200 annual bill.

What's the difference between appraised value and taxable value?

Appraised value is the district's estimate of your property's market value. Taxable value is that amount minus any exemptions you qualify for — homestead, over-65, disabled veteran, etc. Your tax rate applies only to the taxable value.

Is this calculator the same as my county's tax estimator?

This tool estimates potential savings from a successful property tax protest, using an average reduction assumption. For your official current bill, check your county appraisal district's website directly.

Does this calculator include penalties for late payment?

No. This tool calculates your base property tax and estimated protest savings. For late-payment penalty and interest calculations, see our property tax penalty guide.

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