Texas Property Taxes Overview

Property taxes in Texas are due annually, but paid in arrears. The Texas property tax year runs from January 1st  through December 31st. 

Other things you should keep in mind:

  • Most Counties in Texas issue Yearly Tax Statements between October and November of the current tax year 
  • Taxes are not “Due” until that date of the Yearly Tax Statement being issued as “Final” 
  • After the county tax office has issued the property taxes, they are “Due and Payable” by Dec. 31 of that tax year
  • Penalties and Interest are assessed if payment is not received by Jan. 31 of the following year

The escrow officer will prorate property taxes to the closing date based on the current property tax assessment figure available and allocate any charge/credit to the buyer and seller as it relates to their share of ownership for property taxes based on the closing date.  

To ensure you have the most up-to-date information on property taxes, please contact your real estate agent, title agent, or consult local government. 

This article is part of the Home Buyer Guide and Home Seller Guide.