In Texas, homeowners are taxed based on the fair market value of their properties, providing a transparent and equitable foundation for property tax assessments. Unlike other property types, residential properties are typically appraised by using recent sales of comparable homes in the area, keeping tax valuations in line with current housing market conditions, making property taxes more predictable and manageable for homeowners.
Fair residential valuation supports homeownership, neighborhood stability, and community growth by helping ensure that tax assessments accurately reflect property values.
