Chilton, Texas Property Taxes
The median property tax rate in Chilton, TX is 1.95%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Chilton at $76,125, the typical annual property tax bill reaches $1,231, which is below the national median of $2,690. Property taxes in Chilton 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 Chilton'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 Chilton 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
Chilton, 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 Chilton Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chilton with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Chilton to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities, giving you a clearer financial picture. 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 Chilton, Texas
Property taxes in Chilton, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chilton is 1.95%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Chilton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chilton 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 Chilton's effective property tax rate to other counties in Texas and the national median. For comparison, the 76632 zip code has the highest median property tax rate of 1.95%, while the 76632 zip code also has the lowest median tax rate of 1.95%. Understanding how these cities compare with Chilton provides valuable insights into the varying tax landscape across Falls County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chilton Tax Rate
1.95%
Average Falls County Tax Rate
2.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chilton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76632 | 0.84% | 1.38% | 1.95% | 2.00% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Chilton, Texas
In Chilton, 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 Falls 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 Chilton, 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 Chilton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Chilton is $1231 in the 76632 zip code, the same as the lowest, highlighting the uniformity in property tax assessments within the area.
Average Chilton Assessed Value
$76,125
Average Falls County Assessed Value
$76,900
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chilton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76632 | $16,393 | $40,352 | $76,125 | $131,945 | $261,290 |
Source: Ownwell
Property Tax Bills Across Chilton, Texas
In Chilton, Falls County, TX, property tax bills are determined by multiplying the assessed value of the property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is evaluated annually. Factors such as property size, location, and any improvements made can influence this assessed value. Homeowners in Chilton face a range of property tax bills. For instance, the 25th percentile tax bill is around $624, while those in the 75th percentile pay approximately $2,083. The highest median tax bill in the area is $1,231, which is significantly lower than the national median property tax rate of 0.99%. This lower tax burden can be beneficial for homeowners, making Chilton an attractive place for property investments. However, higher-valued properties may still incur substantial tax bills, with the 90th percentile reaching up to $3,681. Understanding these factors helps homeowners plan their finances and anticipate their annual tax obligations.
Average Chilton Tax Bill
$1,231
Average Falls County Tax Bill
$1,609
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Chilton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76632 | $276 | $624 | $1,231 | $2,083 | $3,681 |
Source: Ownwell