Nome, Texas Property Taxes
The median property tax rate in Nome, TX is 1.75%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Nome at $95,834, the typical annual property tax bill reaches $1,487, exceeding the national median of $2,690. Property taxes in Nome 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 Nome'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 Nome 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
Nome, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Nome, Texas Tax Savings
Ownwell’s Nome Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nome with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nome to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Nome. 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 Nome, Texas
Property taxes in Nome, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nome is 1.75%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Nome set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nome 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 Nome's effective property tax rate to other counties in Texas and the national median. For comparison, the 77629 zip code has the highest median property tax rate of 1.75%, while the 77629 zip code also has the lowest median tax rate of 1.75%. Understanding how these cities compare with Nome provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nome Tax Rate
1.75%
Average Jefferson County Tax Rate
2.24%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nome, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77629 | 0.75% | 1.24% | 1.75% | 1.91% | 1.91% |
Source: Ownwell
$1,148
Average Nome Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Nome, Texas
In Nome, 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 Jefferson 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 Nome, 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 Nome helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Nome is found in the 77629 zip code, amounting to $1,487.
Average Nome Assessed Value
$95,834
Average Jefferson County Assessed Value
$130,101
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nome, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77629 | $8,802 | $28,322 | $95,834 | $167,048 | $265,272 |
Source: Ownwell
$1,148
Average Nome Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Nome, Texas
Property tax bills in Nome, Jefferson County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the home. The tax rate is set by local taxing authorities and is applied to the assessed value to calculate the tax bill. For example, with a median home price of $95,834, homeowners in Nome can expect tax bills ranging from $318 at the 25th percentile to $4,382 at the 90th percentile. This variability can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. Ownwell can help homeowners in Nome save on their property tax bills by providing expert property tax appeal and exemption services. Our team reviews your property’s assessed value, identifies discrepancies, and files appeals on your behalf. This can result in a lower assessed value and, consequently, a reduced tax bill, ensuring you only pay your fair share.
Average Nome Tax Bill
$1,487
Average Jefferson County Tax Bill
$2,803
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Nome, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77629 | $70 | $318 | $1,487 | $2,812 | $4,382 |
Source: Ownwell
$1,148
Average Nome Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Jefferson Appraisal District | |
| Website | esearch.jcad.org |
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