Closing Costs and Property Taxes in Spring, TX: A Complete Buyer and Seller Breakdown
On a $390,000 median-priced home in Spring, TX, buyers typically pay 2-5% of the purchase price in closing costs while sellers pay roughly 6-8% in commissions and fees, and the annual property tax bill lands between $7,020 and $10,920 depending on exemptions and special districts.
Frequently Asked Questions
What are typical buyer closing costs in Spring, TX on a $390,000 home?
Buyer closing costs typically range from 2% to 5% of the purchase price, or $7,800 to $19,500, including lender fees, title insurance, escrow, and prepaid property taxes.
What are typical seller closing costs in Spring, TX?
Seller closing costs are usually 6% to 8% of the sale price, or $23,400 to $31,200, with the largest portion being the real estate commission and the owner's title policy.
How much are property taxes on a $390,000 home in Spring, TX?
Annual property taxes are roughly $7,020 to $10,920, depending on the total tax rate from Harris County, Klein ISD, and any MUD or PID special districts.
How much does the Texas homestead exemption save on a $390,000 home in Spring?
The homestead exemption removes $40,000 from the appraised value for school taxes, saving you roughly $440 to $520 per year on the Klein ISD portion.