Somerville, Texas Property Taxes
The median property tax rate in Somerville, TX is 1.38%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $105,317 in Somerville, the typical annual property tax bill is $1,334, still below the national median of $2,690. Property taxes in Somerville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Somerville'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 Somerville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Somerville, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Somerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Somerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Somerville 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 Somerville, Texas
Property taxes in Somerville, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Somerville is 1.38%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Somerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Somerville 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 Somerville's effective property tax rate to other counties in Texas and the national median. For comparison, the 77879 zip code has the highest median property tax rate of 1.38%, while the 77879 zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Somerville provides valuable insights into the varying tax landscape across Burleson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Somerville Tax Rate
1.38%
Average Burleson County Tax Rate
1.38%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Somerville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77879 | 0.60% | 1.04% | 1.38% | 1.57% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Somerville, Texas
In Somerville, 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 Burleson 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 Somerville, 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. The median home price in Somerville is $105,317, with tax bills varying significantly. For example, the 25th percentile tax bill is $596, while the 75th percentile tax bill is $2,477, and the 90th percentile tax bill reaches $4,032. The highest and lowest median tax bills are both $1,334, found in the zip code 77879. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Somerville Assessed Value
$105,317
Average Burleson County Assessed Value
$136,543
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Somerville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77879 | $23,951 | $49,508 | $105,317 | $194,033 | $318,486 |
Source: Ownwell
Property Tax Bills Across Somerville, Texas
In Somerville, Burleson County, TX, property tax bills are derived from the assessed value of a home multiplied by the local tax rate. The median home price in Somerville is $105,317, and property taxes can vary significantly based on this valuation. For instance, homeowners in the 25th percentile can expect to pay around $596, while those in the 75th percentile might see bills as high as $2,477. The top 10% of property tax bills can reach up to $4,032. Factors influencing these tax bills include the property's assessed value, which is determined by the county appraisal district, and the local tax rate set by various taxing entities like school districts and municipalities. These taxes fund essential services such as public education, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Somerville's tax rates can have a considerable impact on homeowners, making it crucial for property owners to understand their assessments and potential exemptions to manage their tax liabilities effectively.
Average Somerville Tax Bill
$1,334
Average Burleson County Tax Bill
$1,645
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Somerville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77879 | $281 | $596 | $1,334 | $2,477 | $4,032 |
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 | |
|---|---|
| Burleson Appraisal District | |
| Website | esearch.burlesonappraisal.com |