Elysian Fields, Texas Property Taxes
The median property tax rate in Elysian Fields, TX is 1.03%, slightly above the national median of 0.99% but below Texas's state median of 1.67%. With the median home value in Elysian Fields at $39,060, the typical annual property tax bill is $333, which is significantly lower than the national median of $2,690. Property taxes in Elysian Fields are calculated based on the tax assessed value, which is often below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Elysian Fields' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Elysian Fields 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
Elysian Fields, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$402
$372
Ownwell’s Elysian Fields Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elysian Fields with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elysian Fields 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 Elysian Fields, Texas
Property taxes in Elysian Fields, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elysian Fields is 1.03%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Elysian Fields set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elysian Fields 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 Elysian Fields' effective property tax rate to other counties in Texas and the national median. For comparison, the 75642 zip code has the highest median property tax rate of 1.03%, while the 75642 zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Elysian Fields provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elysian Fields Tax Rate
1.03%
Average Harrison County Tax Rate
1.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elysian Fields, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75642 | 0.36% | 1.03% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Elysian Fields, Texas
In Elysian Fields, 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 Harrison 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 Elysian Fields, 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 Elysian Fields helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $333 in the 75642 zip code, while the lowest is also $333 in the same zip code.
Average Elysian Fields Assessed Value
$39,060
Average Harrison County Assessed Value
$72,430
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elysian Fields, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75642 | $4,200 | $13,415 | $39,060 | $100,240 | $207,499 |
Source: Ownwell
Property Tax Bills Across Elysian Fields, Texas
In Elysian Fields, located in Harrison County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine your annual property tax bill. Several factors influence the assessed value, including the property's size, location, and condition. For homeowners in Elysian Fields, the median home price is $39,060, which significantly impacts the tax bill. The variability in tax bills is notable, with the 25th percentile at $115 and the 75th percentile at $801, while the 90th percentile reaches $1,781. These tax bills can significantly affect homeowners, as they must budget for this recurring expense. Compared to the national median property tax rate of 0.99%, Elysian Fields offers a relatively affordable property tax environment, making it an attractive option for those looking to manage their housing costs effectively.
Average Elysian Fields Tax Bill
$333
Average Harrison County Tax Bill
$887
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Elysian Fields, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75642 | $34 | $115 | $333 | $801 | $1,781 |
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 | |
|---|---|
| Harrison Appraisal District | |
| Website | iswdataclient.azurewebsites.net |