What You Need to Know About Texas Property Taxes!

What You Need to Know About Texas Property Taxes!

  • Courtney Okanlomo
  • 02/23/24

Understanding how property taxes work is essential for homeowners to effectively manage their finances and plan for the future. In Texas, property taxes play a crucial role in funding local government services, schools, and infrastructure. In this blog post, we'll explore the key aspects of Texas property taxes and provide insights to help homeowners navigate this important part of homeownership.

  1. Tax Rates and Exemptions:
    • Tax rates vary depending on the location and the specific taxing entities that apply to a property.
    • Texas offers several property tax exemptions and deductions that homeowners may qualify for, such as the homestead exemption for primary residences and exemptions for disabled veterans and seniors.
    • Understanding available exemptions and deductions can help homeowners lower their property tax burden.
  2. Budgeting and Planning:
    • Property taxes can be a significant expense for homeowners, so it's essential to budget accordingly.

    • Homeowners should consider factors such as potential changes in property values, tax rates, and exemptions when planning for property tax payments.

    • Working with a financial advisor or tax professional can help homeowners develop a strategy to manage property taxes effectively.

By understanding the available exemptions and deductions, homeowners can take proactive steps to manage their property tax obligations effectively. Being informed and proactive about property taxes can help homeowners make smart financial decisions and ensure the long-term affordability of homeownership.Book a complimentary consultation below for any questions you or anyone you know may have about property taxes, and contact me for your Homestead Exemption Application link.

Courtney Okanlomo

Courtney Okanlomo

Broker | Owner

Get to Know Me

Courtney Okanlomo is a real estate powerhouse rooted in the vibrant community of Cypress, TX, and serves Cypress and its surrounding northwest areas. Originally from Chicago, IL, Courtney, a military brat born in San Antonio, TX, brings a unique perspective to her real estate endeavors. With a dynamic history starting in real estate at the age of 16, Courtney has amassed a wealth of experience in loan servicing, leasing, commercial and residential property management, and sales. Her favorite aspect of the business is educating and empowering others, a passion that aligns seamlessly with her courageous, empathetic, and steadfast nature.
 
Clients describe Courtney as straightforward, knowledgeable, and adept at resolving any challenge. What sets her apart is her well-rounded background and extensive experience in various facets of real estate, providing her with a competitive edge that she’s been honing since her teenage years. As a certified luxury home marketing specialist with a Broker's License and a Bachelor's degree in marketing with a sales concentration, Courtney's notable accomplishments underscore her commitment to excellence.
 
Courtney's target audience includes first-time homebuyers and public figures seeking high-level real estate advisory with added confidentiality measures. She takes pride in assisting both demographics consistently throughout her impressive career but is always happy to welcome others into the fold. Beyond her professional achievements, Courtney finds fulfillment in her role as a mom to three sons and a wife and is dedicated to carving out a promising future for her family. She is Nigerian-proud and loves to engage with her community through sports and service.
 

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