Weimar, Texas Property Taxes
The median property tax rate in Weimar, TX is 1.05%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $141,010 in Weimar, the typical annual property tax bill is approximately $1,422, which is below the national median of $2,690. Property taxes in Weimar are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Weimar'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 Weimar 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
Weimar, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,481
$1,370
Ownwell’s Weimar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weimar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weimar 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 Weimar, Texas
Property taxes in Weimar, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weimar is 1.05%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Weimar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weimar 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 Weimar's effective property tax rate to other counties in Texas and the national median. For comparison, the 78962 zip code has the highest median property tax rate of 1.05%, while the same 78962 zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Weimar 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 Weimar Tax Rate
1.05%
Average Colorado County Tax Rate
1.13%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weimar, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78962 | 0.37% | 0.76% | 1.05% | 1.35% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Weimar, Texas
In Weimar, 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 Weimar, 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 Weimar is $141,010, with annual tax bills ranging significantly. For instance, the 25th percentile tax bill is $605, while the 75th percentile tax bill is $2,712, and the 90th percentile tax bill can reach up to $4,218. The zip code 78962 in Weimar has the highest and lowest median tax bill at $1,422. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Weimar Assessed Value
$141,010
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 Weimar, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78962 | $21,430 | $61,328 | $141,010 | $250,722 | $391,299 |
Source: Ownwell
Property Tax Bills Across Weimar, Texas
In Weimar, located in Colorado County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. For homeowners in Weimar, the median home price is $141,010. The property tax rate applied to this value can significantly impact the annual tax bill. Factors that influence the tax bill include the property's assessed value, any applicable exemptions, and the local tax rate. For example, homeowners at the 25th percentile can expect to pay around $605 annually, while those at the 75th percentile might see a tax bill of approximately $2,712. At the 90th percentile, the tax bill can go up to $4,218. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Weimar's rates can vary, reflecting the unique needs and budgetary requirements of the community.
Average Weimar Tax Bill
$1,422
Average Colorado County Tax Bill
$1,356
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Weimar, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78962 | $233 | $605 | $1,422 | $2,712 | $4,218 |
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 |