Italy, Texas Property Taxes
The median property tax rate in Italy, TX is 1.27%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $188,951, the typical annual property tax bill in Italy amounts to $2,252, which is below the national median of $2,690. Property taxes in Italy are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Navigating Italy'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 Italy or another part of Ellis County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Italy, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$2,400
$2,221
$1,148
Average Italy, Texas Tax Savings
Ownwell’s Italy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Italy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Italy to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Italy. 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 Italy, Texas
Property taxes in Italy, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Italy is 1.27%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Italy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Italy 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 Italy's effective property tax rate to other counties in Texas and the national median. For comparison, the 76651 zip code has the highest median property tax rate of 1.27%, while the 76651 zip code has the lowest median tax rate of 1.27%. Understanding how these cities compare with Italy provides valuable insights into the varying tax landscape across Ellis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Italy Tax Rate
1.27%
Average Ellis County Tax Rate
1.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Italy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76651 | 0.35% | 0.77% | 1.27% | 1.78% | 1.99% |
Source: Ownwell
$1,148
Average Italy Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Italy, Texas
In Italy, 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 Ellis 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 Italy, 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 Italy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 76651 has the highest median tax bill at $2,252, which aligns with the overall median home price of $188,951 in the area.
Average Italy Assessed Value
$188,951
Average Ellis County Assessed Value
$332,264
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Italy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76651 | $40,391 | $120,712 | $188,951 | $249,521 | $327,573 |
Source: Ownwell
$1,148
Average Italy Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Italy, Texas
Property tax bills in Italy, Texas, located in Ellis County, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county appraisal district, which estimates the market value of the home. The local tax rate is then applied to this assessed value to compute the annual property tax bill. For homeowners in Italy, the median home price is $188,951, with property tax bills ranging from the 25th percentile at $885 to the 90th percentile at $4,681. This can significantly impact homeowners, as property taxes are a substantial part of homeownership costs. Ownwell can assist homeowners in Italy by providing expert property tax appeal and exemption services. By leveraging our knowledge and experience, we can help you challenge over-assessments and ensure you are not overpaying on your property taxes. This can lead to significant savings, reducing your financial burden and making homeownership more affordable. Let Ownwell help you navigate the complexities of property taxes and potentially lower your annual tax bill.
Average Italy Tax Bill
$2,252
Average Ellis County Tax Bill
$4,181
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Italy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76651 | $390 | $885 | $2,252 | $3,481 | $4,681 |
Source: Ownwell
$1,148
Average Italy Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Ellis Appraisal District | |
| Phone | (972) 825-5150 |
| Website | www.elliscad.com |
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