{
  "country": "US",
  "region": "TX",
  "regionName": "Texas",
  "isScaffold": false,
  "currency": "USD",
  "currencySymbol": "$",
  "locale": "en-US",
  "lengthUnit": "sqft",
  "mortgageCompounding": "monthly",
  "minDownPct": 0.03,
  "defaultAmortYears": 30,
  "mortgageInsuranceName": "PMI",
  "pmiRate": [
    {
      "ltv": 0.97,
      "rate": 0.008
    },
    {
      "ltv": 0.95,
      "rate": 0.007
    },
    {
      "ltv": 0.9,
      "rate": 0.005
    },
    {
      "ltv": 0.85,
      "rate": 0.003
    },
    {
      "ltv": 0.8,
      "rate": 0
    }
  ],
  "transferTaxLayers": [
    {
      "name": "Texas — No State Transfer Tax",
      "brackets": [
        {
          "upTo": null,
          "rate": 0
        }
      ],
      "notes": "Texas has no state real estate transfer tax. Minor recording fees apply.",
      "source": "https://www.sos.state.tx.us/corp/realestate.shtml"
    }
  ],
  "typicalPropertyTaxRate": 0.019,
  "depreciationMethod": "MACRS",
  "depreciationRate": 0.03636,
  "capitalGainsInclusionRate": 0.15,
  "salesTaxOnNewConstruction": 0,
  "deposit": {
    "cap": null,
    "interestRate": null,
    "holdType": "any",
    "source": "https://statutes.capitol.texas.gov/Docs/PR/htm/PR.92.htm"
  },
  "rentIncrease": {
    "guideline": null,
    "noticeDays": 30,
    "belowMarketExempt": false,
    "abi1482Style": false,
    "source": "https://statutes.capitol.texas.gov/Docs/PR/htm/PR.92.htm"
  },
  "lateFeeMax": null,
  "lateFeeGraceDays": 2,
  "str": {
    "requiresLicense": null,
    "primaryResidenceOnly": false,
    "source": "https://www.austintexas.gov/page/short-term-rentals"
  },
  "officialLinks": {
    "tenancyAct": "https://statutes.capitol.texas.gov/Docs/PR/htm/PR.92.htm",
    "rentIncreasePage": "https://www.texasattorneygeneral.gov/consumer-protection/home-real-estate-and-travel/landlord-tenant-law",
    "depositRules": "https://statutes.capitol.texas.gov/Docs/PR/htm/PR.92.htm",
    "transferTax": "https://www.sos.state.tx.us/corp/realestate.shtml",
    "ltb": "https://www.txcourts.gov/programs-services/self-help/tenants/",
    "revenueDept": "https://www.irs.gov/"
  },
  "lastVerified": "2025-01-15",
  "notes": "Texas is landlord-friendly: no rent control, no transfer tax, no deposit cap. However, property taxes are among the highest in the US. Some Texas cities (Austin, Dallas) have local STR regulations."
}