Streetman, Texas Property Taxes
The median property tax rate in Streetman, TX is 1.05%, which is slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $147,682, the typical annual property tax bill in Streetman reaches $1,337, falling below the national median of $2,690. Property taxes in Streetman are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Streetman'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 Streetman 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
Streetman, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,551
$1,435
Ownwell’s STREETMAN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in STREETMAN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in STREETMAN 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 Streetman, Texas
Property taxes in Streetman, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Streetman is 1.05%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Streetman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Streetman 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 Streetman's effective property tax rate to other counties in Texas and the national median. For comparison, the 75859 zip code has the highest median property tax rate of 1.05%, while the 75859 zip code has the lowest median tax rate of 1.05%. Understanding how these cities compare with Streetman provides valuable insights into the varying tax landscape across Freestone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Streetman Tax Rate
1.05%
Average Freestone County Tax Rate
1.02%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Streetman, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75859 | 0.22% | 0.56% | 1.05% | 1.31% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Streetman, Texas
In Streetman, 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 Freestone 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 Streetman, 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 Streetman 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 75859, with a median tax bill of $1,337.
Average Streetman Assessed Value
$147,682
Average Freestone County Assessed Value
$117,090
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Streetman, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75859 | $20,460 | $63,953 | $147,682 | $393,680 | $780,046 |
Source: Ownwell
Property Tax Bills Across Streetman, Texas
In STREETMAN, located in Freestone County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The median home price in the area is $147,682, and the property tax rate is applied to this value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners, this means that the property tax bill can vary significantly. For instance, the tax bill at the 25th percentile is $421, while at the 75th percentile, it rises to $3,631. At the 90th percentile, the tax bill can be as high as $8,120. These variations reflect differences in property values and the specific characteristics of each home. Understanding how these factors impact the tax bill is crucial for homeowners, as it directly affects their annual financial obligations. Compared to the national median property tax rate of 0.99%, STREETMAN's rates can represent a significant cost for property owners.
Average Streetman Tax Bill
$1,337
Average Freestone County Tax Bill
$1,013
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Streetman, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75859 | $102 | $421 | $1,337 | $3,631 | $8,120 |
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 | |
|---|---|
| Freestone Appraisal District | |
| Website | propertysearch.freestonecad.org |