Earth, Texas Property Taxes
The median property tax rate in EARTH, TX is 1.69%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in EARTH at $102,520, the typical annual property tax bill reaches $1,201, which is below the national median of $2,690. Property taxes in EARTH 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 EARTH'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 EARTH 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
Earth, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.69%
Estimate Property Tax Bill
$1,733
$1,603
Ownwell’s EARTH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EARTH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EARTH 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 Earth, Texas
Property taxes in EARTH, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in EARTH is 1.69%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within EARTH set these rates annually, and they can vary significantly across different neighborhoods. Each year, EARTH 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 EARTH's effective property tax rate to other counties in Texas and the national median. For comparison, the 79031 zip code has the highest median property tax rate of 1.69%, while the 79031 zip code also has the lowest median tax rate of 1.69%. Understanding how these cities compare with EARTH provides valuable insights into the varying tax landscape across Castro County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Earth Tax Rate
1.69%
Average Castro County Tax Rate
2.39%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Earth, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79031 | 0.97% | 1.69% | 1.69% | 1.69% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Earth, Texas
In EARTH, 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 Castro 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 EARTH, 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 EARTH is $102,520, with the 25th percentile tax bill at $1,005 and the 75th percentile tax bill at $2,111. The highest median tax bill is $1,201 in zip code 79031, which is also the lowest median 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 EARTH helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Earth Assessed Value
$102,520
Average Castro County Assessed Value
$49,105
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Earth, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79031 | $55,930 | $59,510 | $102,520 | $192,930 | $360,380 |
Source: Ownwell
Property Tax Bills Across Earth, Texas
In EARTH, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Castro County. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in EARTH can expect their property tax bill to vary significantly depending on their home's value and the specific tax rate applied. The median home price in EARTH is $102,520, and property tax bills can range widely. For instance, a homeowner in the 25th percentile can expect a tax bill around $1,005, while those in the 75th percentile might see a bill closer to $2,111. At the 90th percentile, tax bills can reach up to $2,964. These figures illustrate how property taxes can impact homeowners differently based on their property’s assessed value. Compared to the national median property tax rate of 0.99%, EARTH's property tax rates can be more or less burdensome, depending on the individual property and assessed value. This variability underscores the importance of understanding local tax assessments and their implications for homeowners.
Average Earth Tax Bill
$1,201
Average Castro County Tax Bill
$1,097
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Earth, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79031 | $944 | $1,005 | $1,201 | $2,111 | $2,964 |
Source: Ownwell