Coleman, Texas Property Taxes
The median property tax rate in Coleman, TX is 2.45%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Coleman at $38,070, the typical annual property tax bill reaches $858, which is below the national median of $2,690. Property taxes in Coleman 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 Coleman'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 Coleman 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
Coleman, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.45%
Estimate Property Tax Bill
$933
$863
Ownwell’s Coleman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coleman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coleman 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 Coleman, Texas
Property taxes in Coleman, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coleman is 2.45%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Coleman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coleman 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 Coleman's effective property tax rate to other counties in Texas and the national median. For comparison, the 76834 zip code has the highest median property tax rate of 2.45%, while the 76834 zip code also has the lowest median tax rate of 2.45%. Understanding how these cities compare with Coleman provides valuable insights into the varying tax landscape across Coleman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coleman Tax Rate
2.45%
Average Coleman County Tax Rate
2.45%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coleman, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76834 | 1.39% | 1.98% | 2.45% | 2.45% | 2.45% |
Source: Ownwell
Property Tax Assessment Values Across Coleman, Texas
In Coleman, 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 Coleman 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 Coleman, 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 example, the median home price in Coleman is $38,070, leading to tax bills that range from $356 at the 25th percentile to $3,002 at the 90th percentile. 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 Coleman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Coleman Assessed Value
$38,070
Average Coleman County Assessed Value
$44,875
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coleman, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76834 | $4,946 | $15,180 | $38,070 | $84,045 | $211,516 |
Source: Ownwell
Property Tax Bills Across Coleman, Texas
In Coleman, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Coleman stands at $38,070, which is significantly lower than the national average. To determine the tax bill, the assessed value of the property is multiplied by the local tax rate. In Coleman, the median property tax rate is 0.99%, aligning with the national median. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For example, a home in the 25th percentile may have a tax bill around $356, while a property in the 75th percentile could see a bill as high as $1,673. Homeowners in the 90th percentile might face tax bills up to $3,002. Despite the lower home prices, these taxes can still impact homeowners significantly, particularly those on fixed incomes. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Coleman Tax Bill
$858
Average Coleman County Tax Bill
$898
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Coleman, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76834 | $117 | $356 | $858 | $1,673 | $3,002 |
Source: Ownwell