Thomaston, Texas Property Taxes
The median property tax rate in Thomaston, TX is 1.58%, which is higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With a median home value of $16,585, the typical annual property tax bill in Thomaston is $226, significantly lower than the national median of $2,690. Property taxes in Thomaston are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Thomaston's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Thomaston or another part of DeWitt County, grasping the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Thomaston, 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 Thomaston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Thomaston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Thomaston 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 Thomaston, Texas
Property taxes in Thomaston, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Thomaston is 1.58%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Thomaston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Thomaston 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 Thomaston's effective property tax rate to other counties in Texas and the national median. For comparison, the 77989 zip code has the highest median property tax rate of 1.58%, while the 77989 zip code also has the lowest median tax rate of 1.58%. Understanding how these cities compare with Thomaston provides valuable insights into the varying tax landscape across DeWitt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Thomaston Tax Rate
1.58%
Average Dewitt County Tax Rate
1.51%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Thomaston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77989 | 0.90% | 1.58% | 1.58% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Thomaston, Texas
In Thomaston, 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 DeWitt 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 Thomaston, 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. For example, the zip code 77989 has the highest median tax bill at $226. By being aware of these valuation processes, homeowners in Thomaston can identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Thomaston Assessed Value
$16,585
Average Dewitt County Assessed Value
$108,795
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Thomaston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77989 | $6,149 | $8,100 | $16,585 | $51,628 | $90,803 |
Source: Ownwell
Property Tax Bills Across Thomaston, Texas
In Thomaston, TX, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $16,585, homeowners can expect their tax bills to vary significantly. The tax bill for the 25th percentile is around $128, while those in the 75th percentile are closer to $734. At the higher end, the 90th percentile tax bill reaches approximately $1,035. Several factors influence these variations, including property location within DeWitt County and any applicable exemptions. The highest and lowest median tax bills in the area are both $226, indicating some uniformity in tax assessments. Compared to the national median property tax rate of 0.99%, Thomaston homeowners might find their tax rates relatively manageable. These property taxes play a crucial role in funding local services, impacting homeowners directly through their annual financial obligations.
Average Thomaston Tax Bill
$226
Average Dewitt County Tax Bill
$1,417
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Thomaston, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77989 | $97 | $128 | $226 | $734 | $1,035 |
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 | |
|---|---|
| DeWitt Appraisal District | |
| Website | www.dewittcad.org |