Jefferson, Texas Property Taxes
The median property tax rate in Jefferson, TX is 1.22%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $40,820 in Jefferson, the typical annual property tax bill reaches $380, which is significantly below the national median of $2,690. Property taxes in Jefferson 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 Jefferson'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 Jefferson 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
Jefferson, 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 Jefferson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jefferson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jefferson 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 Jefferson, Texas
Property taxes in Jefferson, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jefferson is 1.15%, higher than both the Texas state median of 1.9% and the U.S. national median of 0.99%. Local government entities within Jefferson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jefferson 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 Jefferson's effective property tax rate to other counties in Texas and the national median. For comparison, the 75657 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Jefferson provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jefferson Tax Rate
1.22%
Average Cass County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jefferson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75657 | 0.49% | 0.99% | 1.22% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Jefferson, Texas
In Jefferson, 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 Jefferson 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 Jefferson, 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. For instance, the median home price in Jefferson is $40,820, with tax bills varying significantly across different percentiles. The 25th percentile tax bill is $172, while the 75th percentile tax bill reaches $827, and the 90th percentile tax bill is $1,577. 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 Jefferson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jefferson Assessed Value
$40,820
Average Cass County Assessed Value
$69,430
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jefferson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75657 | $9,711 | $18,400 | $40,820 | $94,842 | $183,619 |
Source: Ownwell
Property Tax Bills Across Jefferson, Texas
In Jefferson, located in Cass County, TX, property tax bills are calculated based on the assessed value of the property and the applicable tax rate. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. Homeowners in Jefferson can expect their property tax bills to vary significantly, depending on the assessed value of their property and the specific tax rates set by local taxing authorities. For instance, the median home price in Jefferson is $40,820. Property tax bills can range widely, with the 25th percentile paying around $172 and the 75th percentile paying approximately $827. At the higher end, the 90th percentile sees bills around $1,577. These figures highlight the variability in property tax burdens among homeowners in the area. Comparatively, Jefferson's property tax rates may seem more manageable, given the national median property tax rate of 0.99%. However, the impact on homeowners can still be significant, especially for those with properties on the higher end of the assessed value spectrum.
Average Jefferson Tax Bill
$380
Average Cass County Tax Bill
$984
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Jefferson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75657 | $108 | $172 | $380 | $827 | $1,577 |
Source: Ownwell