Cat Spring, Texas Property Taxes
The median property tax rate in Cat Spring, TX is 1.00%, slightly above the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Cat Spring at $214,730, the typical annual property tax bill amounts to $2,092, which is below the national median of $2,690. Property taxes in Cat Spring are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Cat Spring'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 Cat Spring 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
Cat Spring, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$2,147
$1,987
Ownwell’s Cat Spring Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cat Spring with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cat Spring 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 Cat Spring, Texas
Property taxes in Cat Spring, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cat Spring is 1.00%, higher than both the Texas state median of 0.81% and the U.S. national median of 0.99%. Local government entities within Cat Spring set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cat Spring 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 Cat Spring's effective property tax rate to other counties in Texas and the national median. For comparison, the 78933 zip code has the highest median property tax rate of 1.00%, while the 78933 zip code also has the lowest median tax rate of 1.00%. Understanding how these cities compare with Cat Spring provides valuable insights into the varying tax landscape across Colorado County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cat Spring Tax Rate
1.00%
Average Colorado County Tax Rate
1.13%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cat Spring, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78933 | 0.28% | 0.72% | 1.00% | 1.15% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Cat Spring, Texas
In Cat Spring, 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 Colorado 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 Cat Spring, 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 Cat Spring helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Cat Spring is $214,730, with tax bills varying widely. The 25th percentile tax bill is $847, while the 75th percentile tax bill is $3,923, and the 90th percentile tax bill reaches $5,452. The zip code 78933 has the highest and lowest median tax bill at $2,092.
Average Cat Spring Assessed Value
$214,730
Average Colorado County Assessed Value
$111,020
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cat Spring, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78933 | $39,600 | $99,070 | $214,730 | $376,460 | $549,320 |
Source: Ownwell
Property Tax Bills Across Cat Spring, Texas
In Cat Spring, Colorado County, TX, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value determined by the county appraisal district. Factors such as home improvements, neighborhood developments, and market conditions can influence this assessed value. For instance, with a median home price of $214,730, homeowners in Cat Spring can expect a range of property tax bills. The 25th percentile tax bill is around $847, while the 75th percentile reaches $3,923, and the 90th percentile can be as high as $5,452. These variations illustrate how different factors, including property value and local tax rates, impact the final tax bill. Compared to the national median property tax rate of 0.99%, Cat Spring's tax bills reflect the specific economic and regulatory environment of Colorado County. Homeowners need to be aware of these factors as they significantly affect annual property tax obligations, influencing overall housing affordability and financial planning.
Average Cat Spring Tax Bill
$2,092
Average Colorado County Tax Bill
$1,356
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cat Spring, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78933 | $240 | $847 | $2,092 | $3,923 | $5,452 |
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 | |
|---|---|
| Colorado Appraisal District | |
| Website | propaccess.trueautomation.com |