Coahoma, Texas Property Taxes
The median property tax rate in Coahoma, TX is 1.47%, which is notably higher than the national median of 0.99%, yet lower than the Texas state median of 1.67%. With a median home value of $145,438 in Coahoma, the typical annual property tax bill is $1,742, falling short of the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is generally lower than the market value due to exemptions such as those for primary residences and agricultural land. Understanding Coahoma'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 Coahoma 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
Coahoma, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$2,138
$1,978
Ownwell’s Coahoma Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coahoma with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coahoma 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 Coahoma, Texas
Property taxes in Coahoma, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coahoma is 1.47%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Coahoma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coahoma 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 Coahoma's effective property tax rate to other counties in Texas and the national median. For comparison, the 79511 zip code has both the highest and lowest median property tax rate of 1.47%. Understanding how these cities compare with Coahoma provides valuable insights into the varying tax landscape across Howard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coahoma Tax Rate
1.47%
Average Howard County Tax Rate
1.56%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coahoma, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79511 | 0.82% | 1.18% | 1.47% | 1.62% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Coahoma, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Coahoma, Texas. The market value represents 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 Howard 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 in Coahoma 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 Coahoma helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,742, found in the zip code 79511.
Average Coahoma Assessed Value
$145,438
Average Howard County Assessed Value
$107,910
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coahoma, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79511 | $17,775 | $69,230 | $145,438 | $243,826 | $337,485 |
Source: Ownwell
Property Tax Bills Across Coahoma, Texas
In Coahoma, located in Howard County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local appraisal district and is meant to reflect the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition. For homeowners in Coahoma, the median home price stands at $145,438. Tax bills can vary significantly, with the 25th percentile tax bill at $790 and the 75th percentile reaching $3,101. At the higher end, the 90th percentile tax bill can be as much as $4,646. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. The impact on homeowners in Coahoma can be substantial, affecting monthly mortgage payments and overall financial planning. Understanding how property taxes are calculated helps homeowners budget effectively and anticipate future expenses.
Average Coahoma Tax Bill
$1,742
Average Howard County Tax Bill
$1,431
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Coahoma, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79511 | $225 | $790 | $1,742 | $3,101 | $4,646 |
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 | |
|---|---|
| Howard Appraisal District | |
| Website | esearch.howardcad.org |