Old Ocean, Texas Property Taxes
The median property tax rate in Old Ocean, TX is 1.93%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Old Ocean at $30,000, the typical annual property tax bill reaches $578, which is below the national median of $2,690. Property taxes in Old Ocean 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 Old Ocean'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 Old Ocean or another part of Brazoria County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Old Ocean, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.93%
Estimate Property Tax Bill
$579
$536
$1,148
Average Old Ocean, Texas Tax Savings
Ownwell’s Old Ocean Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Old Ocean with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Old Ocean to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Old Ocean. 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 Old Ocean, Texas
Property taxes in Old Ocean, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Old Ocean is 1.93%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Old Ocean set these rates annually, and they can vary significantly across different neighborhoods. Each year, Old Ocean 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 Old Ocean's effective property tax rate to other counties in Texas and the national median. For comparison, the 77463 zip code has the highest median property tax rate of 1.93%, while the 77463 zip code also has the lowest median tax rate of 1.93%. Understanding how these cities compare with Old Ocean provides valuable insights into the varying tax landscape across Brazoria County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Old Ocean Tax Rate
1.93%
Average Brazoria County Tax Rate
1.96%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Old Ocean, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77463 | 1.93% | 1.93% | 1.93% | 1.93% | 1.93% |
Source: Ownwell
$1,148
Average Old Ocean Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Old Ocean, Texas
In Old Ocean, 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 Brazoria 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 Old Ocean, 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 Old Ocean helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $578, found in the 77463 zip code.
Average Old Ocean Assessed Value
$30,000
Average Brazoria County Assessed Value
$236,820
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Old Ocean, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77463 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 |
Source: Ownwell
$1,148
Average Old Ocean Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Old Ocean, Texas
In Old Ocean, Brazoria County, TX, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $30,000, with property tax bills consistently around $578. This is significantly higher than the national median property tax rate of 0.99%. The assessed value, determined by the county assessor, is a crucial factor in calculating the tax bill. Homeowners in Old Ocean can face substantial tax bills, which can impact their financial planning and overall cost of homeownership. Ownwell offers valuable services to help homeowners reduce their property tax bills. By providing expert property tax appeal and exemption services, Ownwell can identify potential inaccuracies in assessed values and ensure that homeowners are not overpaying. With a thorough review process and local market knowledge, Ownwell can effectively challenge inflated assessments, leading to significant tax savings. This support can alleviate the financial burden on homeowners and ensure they are paying a fair amount in property taxes.
Average Old Ocean Tax Bill
$578
Average Brazoria County Tax Bill
$4,022
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Old Ocean, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77463 | $578 | $578 | $578 | $578 | $578 |
Source: Ownwell
$1,148
Average Old Ocean Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Brazoria Appraisal District | |
| Website | esearch.brazoriacad.org |
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