Cisco, Texas Property Taxes
The median property tax rate in Cisco, TX is 1.99%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Cisco at $82,750, the typical annual property tax bill reaches $1,315, which is below the national median of $2,690. Property taxes in Cisco 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 Cisco'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 Cisco 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
Cisco, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.99%
Estimate Property Tax Bill
$1,647
$1,524
Ownwell’s Cisco Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cisco with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cisco to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more granular data, you can scroll down to discover trends at the neighborhood level. Your property’s assessed value, assigned by Eastland County, serves as the basis for property tax calculations, including any applicable exemptions.
Property Tax Rates Across Cisco, Texas
Property taxes in Cisco, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cisco is 1.99%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Cisco set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cisco 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 Cisco's effective property tax rate to other counties in Texas and the national median. For comparison, the 76437 zip code has the highest median property tax rate of 1.99%, while the same 76437 zip code also has the lowest median tax rate of 1.99%. Understanding how these cities compare with Cisco provides valuable insights into the varying tax landscape across Eastland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cisco Tax Rate
1.99%
Average Eastland County Tax Rate
1.80%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cisco, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76437 | 0.92% | 1.35% | 1.99% | 1.99% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Cisco, Texas
In Cisco, 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 Eastland 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 Cisco, 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. The zip code with the highest median tax bill in Cisco is 76437, standing at $1,315. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cisco Assessed Value
$82,750
Average Eastland County Assessed Value
$83,990
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cisco, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76437 | $9,232 | $36,130 | $82,750 | $160,690 | $287,204 |
Source: Ownwell
Property Tax Bills Across Cisco, Texas
In Cisco, located in Eastland County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Cisco is $82,750, and the tax rate is applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the assessed property value, local tax rates, and any applicable exemptions. Homeowners in Cisco can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $561, while the 75th percentile reaches $2,476, and the 90th percentile soars to $3,843. This variation highlights how different assessed values and local tax rates can impact the financial burden on homeowners. Compared to the national median property tax rate of 0.99%, Cisco's property tax landscape provides a unique perspective on how local factors influence tax bills. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Cisco Tax Bill
$1,315
Average Eastland County Tax Bill
$1,311
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cisco, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76437 | $146 | $561 | $1,315 | $2,476 | $3,843 |
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 | |
|---|---|
| Eastland Appraisal District | |
| Website | www.eastlandcad.org |