Lone Star State has sixth highest property tax rateLone Star State has sixth highest property tax ratehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=160662017-03-10T06:00:00Z2017-03-10T16:00:00Z

​​​AUSTIN – Texas has some of the highest property taxes in the nation, according to a new study from WalletHub.

The state's effective real estate tax rate is 1.9 percent, which ranks as the sixth most-expensive of the 50 states plus Washington D.C. Texas' average home value of $136,000 translates to $2,578 in taxes paid every year per home. 

Of course, Texas does not collect state income taxes, meaning the government relies more heavily on property taxes to fund agencies and services.

WalletHub compiled the statistics based off U.S. Census data using median tax payment and median home price.

The study also looked at effective vehicle tax rates. Texas is one of the 23 states along with Washington, D.C., to have no vehicle tax rates.​

For another perspective on Texas property taxes, read Real Estate Center Research Economist Dr. Charles Gilliland's article, "Texas Tax Conundrum​."

San Antonio Business Journal
http://www.bizjournals.com/sanantonio/news/2017/03/08/texas-property-taxes.htmlRead more at {Source}

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