10/09/2026
Inherited a home in Fulshear? Here's the part that saves heirs real money.
The IRS generally resets your basis to the home's value on the date the owner died. You're taxed only on growth after that date, and Texas has no inheritance tax.
The mistake we see is using the Fort Bend CAD value as that number. CAD values are set as of January 1 each year, so they can be well off from the market on the date of death. In our worked example (an illustration, not a real sale), the wrong basis adds $40,000 of gain that doesn't exist.
Document the date-of-death value before you list. Your CPA will need it.
Full guide, including how Fulshear differs from Katy: https://www.mkatgroup.com/post/do-heirs-pay-capital-gains-tax-on-an-inherited-home-in-fulshear-tx
Questions? Call Katie Curran at MKAT Group, Keller Williams Signature, at 713-598-1889 or reach us at https://www.mkatgroup.com/contact-us
General information, not tax advice.