Pettus, Texas Property Taxes
The median property tax rate in Pettus, TX is 1.72%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Pettus at $92,940, the typical annual property tax bill reaches $1,396, exceeding the national median of $2,690. Property taxes in Pettus are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pettus's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Pettus or another part of Bee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pettus, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$1,599
$1,479
Ownwell’s Pettus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pettus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pettus to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Pettus, Texas
Property taxes in Pettus, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pettus is 1.72%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Pettus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pettus estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Pettus's effective property tax rate to other counties in Texas and the national median. For comparison, the 78146 zip code has the highest median property tax rate of 1.72%, while the same zip code also has the lowest median tax rate of 1.72%. Understanding how these cities compare with Pettus provides valuable insights into the varying tax landscape across Bee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pettus Tax Rate
1.72%
Average Bee County Tax Rate
1.76%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pettus, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78146 | 0.48% | 1.34% | 1.72% | 1.90% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Pettus, Texas
In Pettus, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Bee County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Pettus, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Pettus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Pettus is $1,396 in the zip code 78146, which contrasts with the national median property tax rate of 0.99%.
Average Pettus Assessed Value
$92,940
Average Bee County Assessed Value
$103,075
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pettus, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78146 | $23,306 | $50,350 | $92,940 | $148,682 | $250,518 |
Source: Ownwell
Property Tax Bills Across Pettus, Texas
In Pettus, located in Bee County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Pettus is $92,940, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and any improvements made to the property can influence the assessed value and, consequently, the tax bill. For instance, homeowners in Pettus might see tax bills ranging from $505 at the 25th percentile to $3,886 at the 90th percentile. These taxes are crucial for funding local services, such as schools, public safety, and infrastructure. For homeowners, understanding how their property tax is calculated helps in financial planning and ensuring they are not overpaying. Comparing these figures to the national median property tax rate of 0.99% can give homeowners a sense of where they stand in relation to other regions.
Average Pettus Tax Bill
$1,396
Average Bee County Tax Bill
$1,834
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Pettus, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78146 | $235 | $505 | $1,396 | $2,324 | $3,886 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Bee Appraisal District | |
| Website | www.beecad.org |