Texas— Property Tax & Closing Costs
2024 Census dataEffective tax rate
1.60%
of assessed value annually
Median home value
$77,300
2024 ACS survey
Median taxes paid
$1,237/yr
2024 data
Knox County's 1.60% effective property tax rate ranks 259th highest among the 3,134 US counties tracked, placing it in the top 10% highest nationally. Within Texas's 249 counties, it's the 27th highest. On the county's median home value of $77,300, the typical homeowner pays $1,237 annually in property tax — $392 less than the national median of $1,629. Texas charges no state real estate transfer tax, which keeps closing costs here lower than high-transfer-tax states like New York, Pennsylvania, or Delaware.
Calculate your true cost
Enter any purchase price to see the full cost breakdown for Knox County.
County median: $77,300
Leave at $0 if the property has no homeowners association.
LTV: 80.00%
At closing
Monthly ongoing
Year one
Low flood risk. Flood insurance not typically required. Verify at msc.fema.gov for your specific property.
All figures are estimates for planning purposes only. Mortgage payment assumes a 30-year fixed rate of 6.8% — your lender will confirm the actual rate. Closing costs vary by lender and transaction. Consult a licensed real estate attorney and lender before making any financial decisions.
Texas property tax exemptions
Ways buyers in Knox County may reduce their annual property tax. These programs apply statewide; verify county specifics with your local assessor.
General Residence Homestead Exemption
Every school district must offer a $100,000 homestead exemption on appraised value of an owner-occupied primary residence for school M&O taxes (raised via Prop 4 in 2023, further increased to $140,000 by Prop 13/11 in 2025).
View official source →Age 65 or Older / Disabled Exemption
Additional $60,000 school district exemption for homeowners 65+ or disabled (increased by Prop 11 in 2025). Plus a school tax ceiling freezing amounts at the level paid when homeowner turned 65.
View official source →Disabled Veteran Exemption
Graduated $5,000-$12,000 exemption based on VA disability rating. 100% disabled veterans (or individual unemployability) receive a total exemption on their residence homestead (Tax Code 11.131).
View official source →10% Homestead Appraisal Cap
Annual increase in appraised value of a qualified residence homestead is capped at 10% (plus improvements) regardless of market value changes.
View official source →Last verified 2026-04. Exemption amounts and eligibility change frequently — always confirm with your county assessor before claiming.
Frequently asked questions
Answers to common questions about buying a home in Knox County.
The effective property tax rate in Knox County is 1.60% — calculated as the median annual property tax paid ($1,237) divided by the median home value ($77,300), using 2024 US Census ACS 5-year estimates. Your actual bill depends on your purchase price, homestead or senior exemptions, and any special assessments applied in your taxing district.
No. Texas does not impose a state real estate transfer tax, which keeps closing costs in Knox County lower than in states like New York, Pennsylvania, or Delaware where transfer taxes can add thousands of dollars at closing. Texas imposes no state real estate transfer tax. Tex. Tax Code effectively prohibits counties and municipalities from imposing one. Only nominal county recording fees apply.
Flood risk is relatively low. Only 0.4% of Knox County's land falls within a FEMA Special Flood Hazard Area. Flood insurance is not typically required, though individual properties near waterways may still be in a zone — verify at msc.fema.gov.
Closing costs for a buyer in Knox County typically run $1,546–$3,865 (2–5% of purchase price) on a median-priced home, including title insurance ($800–$2,000), appraisal ($400–$700), home inspection ($350–$600), recording fees ($100–$300), and loan origination (0.5–1.0% of the loan amount). Use the calculator above for a specific estimate at your purchase price.
Data sources for Knox County
Every figure on this page is traceable. Verify the numbers yourself against the original public data.
Source for the 1.60% effective property tax rate, median home value, and median taxes paid (ACS 5-year, 2024 vintage).
Source for county-level flood zone exposure, wildfire risk, and other natural hazard ratings. Updated quarterly by FEMA.
Look up a specific property's flood zone and insurance rate map before making an offer on a home in Knox County.
Guides for Texas home buyers
What every buyer should read before making an offer.
HOA Documents
HOA lawsuits — how to check for pending litigation against your future HOA before you close
A buyer closed on a house and only then found out about ongoing HOA lawsuits. Six checks you can run yourself before your contingencies expire.
Read the guide →HOA Documents
Undisclosed HOA special assessment — what you can do if you find out after closing
HOA special assessment not on the disclosure? One buyer got a $15,000 bill the day after closing. How to catch it before — and what to do after.
Read the guide →