Venus, Texas Property Taxes
The median property tax rate in Venus, TX is 1.14%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Venus at $312,439, the typical annual property tax bill reaches $3,117, exceeding the national median of $2,690. Property taxes in Venus 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 Venus'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 Venus 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
Venus, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$3,562
$3,296
$1,148
Average Venus, Texas Tax Savings
Ownwell’s Venus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Venus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Venus 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 Venus. 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 Venus, Texas
Property taxes in Venus, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Venus is 1.14%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Venus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Venus 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 Venus's effective property tax rate to other counties in Texas and the national median. For comparison, the 76084 zip code has the highest median property tax rate of 1.14%, while the 76084 zip code has the lowest median tax rate of 1.14%. Understanding how these cities compare with Venus 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 Venus Tax Rate
1.14%
Average Ellis County Tax Rate
1.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Venus, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76084 | 0.25% | 0.57% | 1.14% | 1.48% | 2.16% |
Source: Ownwell
$1,148
Average Venus Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Venus, Texas
In Venus, 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 Venus, 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 Venus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 76084, with a median bill of $3,117.
Average Venus Assessed Value
$312,439
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 Venus, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76084 | $71,843 | $189,358 | $312,439 | $453,133 | $542,265 |
Source: Ownwell
$1,148
Average Venus Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Venus, Texas
In Venus, property tax bills are calculated based on the assessed value of your home and the local tax rate. For Ellis County, where Venus is located, homeowners face varying tax bills depending on their property's assessed value. For example, the 25th percentile tax bill is $1,345, while the 75th percentile reaches $6,016. High-value properties can see tax bills as steep as $9,958, significantly impacting homeowners' finances. Factors influencing the tax bill include the home’s assessed value and local tax rates. The median home price in Venus is $312,439, which can result in substantial annual tax obligations. Comparing this to the national median property tax rate of 0.99%, Venus homeowners often find themselves paying more. Ownwell can help homeowners reduce their property tax bills by providing expert property tax appeal and exemption services. By leveraging local market data and their deep understanding of tax regulations, Ownwell ensures that homeowners in Venus are not overpaying on their property taxes, potentially saving them thousands of dollars annually.
Average Venus Tax Bill
$3,117
Average Ellis County Tax Bill
$4,181
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Venus, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76084 | $384 | $1,345 | $3,117 | $6,016 | $9,958 |
Source: Ownwell
$1,148
Average Venus 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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