Texas Seller Closing Costs & Net Proceeds Calculator
Easily calculate the Texas home seller closing costs and seller "net" proceeds with this home-sale calculator. Enter the property sale price (or list price) and then enter the various closing costs. Great tool for the TX Realtor® or the "for sale by owner" (FSBO). Needless to say, the actual settlement costs will vary depending on your closing company and Texas county, however, this calculator should give you a reasonable estimate of the likely closing costs for the sale of your home. Please let me know if the calculator is out of date or you have an interest in this calculator - Email.
How are property taxes prorated in Texas?
Property taxes in Texas are paid in arrears. It's like the Federal
income taxes, you pay for the previous year. The entire tax bill
for the previous year is payable in January. Use the
proration calculator to estimate the property taxes and
homeowners' association for the seller and home buyer.
If the property is sold on July 1st, the seller will reimburse the buyer for 6 months of taxes (January 1st to June 30th) that they incurred while living in the home.
Are there transfer, recordation, mortgage, or excise taxes when a home is sold?
Texas does not charge any form of transfer or mortgage tax on residential sales.