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The average tax rate across the state is 2.06%, costing homeowners around $4,660 per year. In Austin average property taxes cost an average of $7,012 per year. Texas Homestead Law. Texas has the Homestead Law, which protects a home from creditors should the homeowner spouse die.
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Even if rising mortgage rates and home prices dampen demand such that 2018 ends up being the peak year for new home starts in the current real estate cycle, 2018 would still go down as the second.
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