Texas Taxes

Texas is a tax friendly state for retirees.  It has no state income tax, and Social Security benefits and other retirement income are not taxed.   Property taxes are determined by local tax communities. Homeowners that are 65 and better may take advantage of a $15,000 homestead exemption, and the first $10,000 of a property's assessed value is exempt from school taxes, as well (and the first $3000 is exempt from local taxes).

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Houston Population:  2.2 million  |   Percentage Age 45 or Better:  N/A   |  Cost of Living:  9% Below U.S. Average |  Crime Rate:  Above U.S. Average   |  Current Temperature: 

Commons of Grace

9110 Tidwell, Houston, Texas  77078 

(713) 635-3500

Apartments

Priced from $549/month (income restrictions)

Age Restriction:  55+

Web Site

Washer/dryer connections, private patios, barrier-free

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Texas Stats:

Population, year 2009 estimate - 24,782,302

Persons 65 years old and over, year 2009 - 10.2%

High school graduates, percent of persons age 25+, year 2000 - 75.7%

Bachelor's degree or higher, pct of persons age 25+, year 2000 - 23.2%

Persons of Hispanic or Latino origin, year 2009 - 36.9%

White persons, not Hispanic, year 2009 - 46.7%

Median household income, year 2008 - $50,049

Social Security taxed?  No

Source: U.S. Census Bureau

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