Oakalla, Texas Property Taxes
The median property tax rate in Oakalla, TX is 0.95%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $277,047 in Oakalla, the typical annual property tax bill is $1,330, significantly below the national median of $2,690. Property taxes in Oakalla 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 Oakalla'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 Oakalla 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
Oakalla, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$2,632
$2,435
$1,148
Average Oakalla, Texas Tax Savings
Ownwell’s Oakalla Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oakalla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oakalla 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 Oakalla. 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 Burnet County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Oakalla, Texas
Property taxes in Oakalla, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oakalla is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Oakalla set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oakalla 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 Oakalla's effective property tax rate to other areas in Texas and the national median. For comparison, the zip code 78608 has both the highest and lowest median property tax rate of 0.95%. Understanding how these cities compare with Oakalla provides valuable insights into the varying tax landscape across Burnet County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oakalla Tax Rate
0.95%
Average Burnet County Tax Rate
1.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oakalla, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78608 | 0.15% | 0.52% | 0.95% | 1.26% | 1.36% |
Source: Ownwell
$1,148
Average Oakalla Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Oakalla, Texas
In Oakalla, 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 Burnet 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 Oakalla, 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 Oakalla helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $277,047, with the highest and lowest median tax bills both recorded at $1,330 in zip code 78608.
Average Oakalla Assessed Value
$277,047
Average Burnet County Assessed Value
$355,573
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oakalla, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78608 | $102,813 | $132,553 | $277,047 | $546,895 | $746,119 |
Source: Ownwell
$1,148
Average Oakalla Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Oakalla, Texas
In Oakalla, located in Burnet County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Oakalla is $277,047, and homeowners can expect varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $725, while the 75th percentile reaches $2,818, and the 90th percentile can go up to $3,492. These figures highlight the significant range in property tax bills that homeowners might face. The tax bill is determined by multiplying the assessed value of the property by the local tax rate. Factors such as property improvements, market conditions, and local budget requirements can influence the assessed value, thereby affecting the final tax bill. Homeowners in Oakalla can potentially save on their property tax bills by appealing their assessments or applying for applicable exemptions. Ownwell offers expert property tax appeal and exemption services, helping homeowners navigate the complexities of property tax assessments. By leveraging local market knowledge and assessment data, Ownwell can assist in reducing your property tax burden, ensuring you pay only your fair share.
Average Oakalla Tax Bill
$1,330
Average Burnet County Tax Bill
$4,017
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Oakalla, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78608 | $606 | $725 | $1,330 | $2,818 | $3,492 |
Source: Ownwell
$1,148
Average Oakalla 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 | |
|---|---|
| Burnet Appraisal District | |
| Website | esearch.burnet-cad.org |
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