Personal Property taxes are an important part of the puzzle to know the cost of purchasing and owning a home in the Dallas/Ft. Worth Metroplex. In Texas we have different tax rates for different portions of the property tax. It is necessary to know the location of the home in relation to the city, county and school district to know the total tax you pay each month.
Don't lose out on the part of taxes that can save you money. The exemptions for categories like homestead ( the home is your principal residence), over 65, and disabled are the main exemptions. A property tax exemption will help you from paying part or even all of the property tax. These exemptions apply to homeowners who are actually living in the home but you must file with the appraisal district to recieve an exemption.
Remember to carefully check what county the property is located in. It is important to know the county because you can have cities with more than one school district within its boundaries. The city of Irving has several. Properties have rates that are different for schools, counties and cities. In addition they have different amounts of exemption that are given for different parts of the property tax. The following taxes, rates and exemptions provide a guide line for you. To be absolutely certain there have been no changes in the rates have your lender verify the rates or a title company. Read the Exemption Information and please feel free to call Marguerite Kaufman, 972-998-9333 with any questions you might have.
Check out what the taxes are for your city CLICK HERE