This course will include a review of the basics of ad valorem taxes per the Texas Property Code; the types of property valuations and exemptions available to property owners to reduce their tax burden; and how taxes are covered in – or excluded from coverage in – a Texas Title Insurance Policy. The course will end with a brief discussion of FIRPTA (The Foreign Investment in Real Property Tax Act of 1980), and how that law affects the Buyer when they are purchasing property from a Foreign Seller.