The average Texan is taxed at a rate of 1.81% for property, nothing for income and up to 6.25% for sales. Compared to the national averages Texas earns a score of poor 👎 for property taxes, good 👍 for income taxes and average for combined local and state sales tax. Quick links to regions of Texas with predicted increasing and decreasing valuations.
Review the Geographical, Political and Spiritual Attributes of Texas
Texas has approximately 27,904,862 residents. A common term for people in Texas is "Texan". Within this population there are around 404,311 births and 194,621 deaths per year. Approximately 55.4% of this population speaks English exclusively. Conversely, 0.5% of this population has no verbal English skill. On average, real estate listings in Texas are on the market for 69 days. The Market Health Index for Texas is 9.22. Texas has one of the top ten largest income disparities between the wealthiest and poorest counties. Rockwall is the wealthiest of all counties in Texas. The least wealthy of all counties in Texas is Zavala.
Daily state facts: Texas has the second largest GDP measure and was rated overall #1 for business by CNBC in 2018. Texas was also ranked number one as the most prone to natural disasters.
According to the Bureau of Labor Statistics, Texas employment in November 2020 was 14,181,827, unemployment was 1,153,252 or 8.1% of total jobs.