Vanderbilt, Texas Property Taxes
The median property tax rate in Vanderbilt, TX is 1.96%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Vanderbilt, the typical annual property tax bill reaches $537, which is below the national median of $2,690. Property taxes in Vanderbilt 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 Vanderbilt'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 Vanderbilt or another part of Jackson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vanderbilt, 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 Vanderbilt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vanderbilt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vanderbilt 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 Vanderbilt, Texas
Property taxes in Vanderbilt, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vanderbilt is 1.96%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Vanderbilt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vanderbilt 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 Vanderbilt's effective property tax rate to other counties in Texas and the national median. For comparison, the 77991 zip code has both the highest and lowest median property tax rate of 1.96%. Understanding how these cities compare with Vanderbilt provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Vanderbilt Tax Rate
1.96%
Average Jackson County Tax Rate
1.26%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vanderbilt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77991 | 0.65% | 0.97% | 1.96% | 2.06% | 2.11% |
Source: Ownwell
Property Tax Assessment Values Across Vanderbilt, Texas
In Vanderbilt, 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 Jackson 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 Vanderbilt, 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 Vanderbilt 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 in Vanderbilt is 77991, with a median tax bill of $537.
Average Vanderbilt Assessed Value
$36,470
Average Jackson County Assessed Value
$105,695
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vanderbilt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77991 | $8,735 | $17,915 | $36,470 | $137,508 | $178,220 |
Source: Ownwell
Property Tax Bills Across Vanderbilt, Texas
In Vanderbilt, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Vanderbilt can expect their tax bills to vary widely. For instance, the tax bill at the 25th percentile is $255, while at the 75th percentile, it rises to $1,578. At the 90th percentile, it can go as high as $2,655. Factors that influence these tax bills include the property's assessed value, the local tax rate, and any applicable exemptions. The highest and lowest median tax bill in the area both stand at $537, highlighting a significant range in what homeowners might owe. Compared to the national median property tax rate of 0.99%, Vanderbilt's property tax rates can be burdensome for some homeowners, affecting their overall financial planning and homeownership costs.
Average Vanderbilt Tax Bill
$537
Average Jackson County Tax Bill
$1,024
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Vanderbilt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77991 | $150 | $255 | $537 | $1,578 | $2,655 |
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 | |
|---|---|
| Jackson Appraisal District | |
| Website | jacksoncad.org |