One of McKinney's oldest homes is on the market.

The historic 122-year-old home features four bedrooms, a master suite and a custom closet system.

The home is listed for a little more than $900,000 and sits on a corner lot at about a half-acre in space.

It's located in the heart of downtown McKinney and is within walking distance of the town square.


Do Texans pay more for their property taxes than other states?

Across Texas, the effective annual property tax rate stands at 1.60%, the sixth highest among states. For context, homeowners in the U.S. pay an average of 1.03% of their housing value in property taxes a year.

The effective property tax rate is calculated by taking the total amount of taxes paid on owner-occupied homes in a given area as a share of the total value of those homes. While an effective property tax rate is useful for comparing taxes at the state level, it is important to note that property tax rates can still vary considerably within a given state.

Because property taxes are typically levied as a share of a given home's value, Americans living in places with higher home values often pay more in property taxes in dollar terms, even if the effective property tax rate is relatively low. In Texas, the typical home is worth $200,400, lower than the national median home value of $240,500.