Latexo, Texas Property Taxes
The median property tax rate in Latexo, TX is 1.33%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Latexo at $78,890, the typical annual property tax bill amounts to $951, falling below the national median of $2,690. Property taxes in Latexo are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Latexo'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 Latexo or another part of Houston County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Latexo, 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 Latexo Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Latexo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Latexo to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Latexo, Texas
Property taxes in Latexo, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Latexo is 1.33%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Latexo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Latexo 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 Latexo's effective property tax rate to other counties in Texas and the national median. For comparison, the 75849 zip code has the highest median property tax rate of 1.33%, while the 75849 zip code has the lowest median tax rate of 1.33%. Understanding how these cities compare with Latexo provides valuable insights into the varying tax landscape across Houston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Latexo Tax Rate
1.33%
Average Houston County Tax Rate
1.41%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Latexo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75849 | 0.83% | 1.25% | 1.33% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Latexo, Texas
In Latexo, 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 Houston 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. 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 Latexo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Latexo, the median home price is $78,890. The highest median tax bill in the area is $951, and the lowest is also $951, both in the zip code 75849. The 25th percentile tax bill is $558, while the 75th percentile tax bill is $1,575, and the 90th percentile tax bill is $2,193.
Average Latexo Assessed Value
$78,890
Average Houston County Assessed Value
$89,420
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Latexo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75849 | $36,802 | $53,535 | $78,890 | $127,245 | $164,662 |
Source: Ownwell
Property Tax Bills Across Latexo, Texas
In Latexo, Houston County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Latexo stands at $78,890. This assessed value is then multiplied by the local tax rate to determine your annual property tax bill. For instance, homeowners in the 25th percentile can expect a tax bill of approximately $558, while those in the 75th percentile might see a bill around $1,575. At the 90th percentile, the tax bill can rise to $2,193. Factors such as property improvements, neighborhood developments, and changes in the local tax rate can influence these assessments. Compared to the national median property tax rate of 0.99%, Latexo's tax rates can significantly impact homeowners, potentially making property taxes a considerable portion of annual expenses. Understanding these factors and how they affect your tax bill can help in better financial planning and property management.
Average Latexo Tax Bill
$951
Average Houston County Tax Bill
$1,317
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Latexo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75849 | $346 | $558 | $951 | $1,575 | $2,193 |
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 | |
|---|---|
| Houston Appraisal District | |
| Website | www.houstoncad.org |