Texas REI - Property Taxes

[Jon Gorham]

Hello BP community,

I’m looking into buy & hold properties in the Dallas Ft. Worth area, but I’m concerned about the high property taxes in Texas. Can anyone tell me about the “basic homestead exemption”? I’d like to find out if Texas is a good state for buy & hold, or if the property taxes would wash out most of my cash flow. 

Thanks,

Jon