Texas has no inheritance tax, so any money you receive as a beneficiary is not charged state tax, income tax, property tax, or capital gains tax. This is because the amount is taxed on the individual's final tax return.
Even though no state inheritance taxes are imposed, some estates are subject to federal estate taxes. These are based on the net value of a person's assets at the time of their death and the estate itself pays these federal estate taxes.
As of 2022, if an individual leaves less than $12.06 million to their heirs, they won't have to worry about paying any federal estate tax in the US. Married couples can shield up to $24.12 million together, tax-free. Anything over these amounts will be taxed at a rate of 40%.