Every $1 million of real estate industry revenue generates just over half a million dollars of revenue in other parts of the Texas economy, 5.2 jobs in the states real estate industry and five jobs in other industries. Real estate taxes are a big contributor to the states overall wealth: Taxes paid by the real estate industry accounted for 14.8 percent of total Texas business taxes in 2011. Texas property tax revenue in 2011 was more than $40 billion or 47.8 percent of the states tax revenues. Texas school districts levied $21.7 billion in property taxes in 2010, accounting for 54.4 percent of total property tax revenues. In 2010, the states four largest metropolitan areas accounted for a majority of real estate employment. Dallas-Fort Worth-Arlington, Houston-Sugar Land-Baytown, Austin-Round Rock-San Marcos, and San Antonio-New Braunfels, had 81.4 percent of Texas Real Estate employment.
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