Centerville, Texas Property Taxes
The median property tax rate in Centerville, TX is 1.62%, slightly higher than the national median of 0.99% but below the Texas state median of 1.67%. With the median home value in Centerville at $128,135, the typical annual property tax bill reaches $1,794, which is less than the national median of $2,690. Property taxes in Centerville 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 Centerville'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 Centerville 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
Centerville, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$2,076
$1,921
Ownwell’s Centerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Centerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Centerville 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 Centerville, Texas
Property taxes in Centerville, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Centerville is 1.62%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Centerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Centerville 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 Centerville's effective property tax rate to other counties in Texas and the national median. For comparison, the 75833 zip code has the highest median property tax rate of 1.62%, while the 75833 zip code also has the lowest median tax rate of 1.62%. Understanding how these cities compare with Centerville provides valuable insights into the varying tax landscape across Leon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Centerville Tax Rate
1.62%
Average Leon County Tax Rate
1.60%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Centerville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75833 | 0.50% | 1.58% | 1.62% | 1.62% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Centerville, Texas
In Centerville, 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 Leon 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 Centerville, 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. The median home price in Centerville is $128,135, with property tax bills ranging significantly. For example, the 25th percentile tax bill is $779, while the 75th percentile reaches $3,368, and the 90th percentile can be as high as $5,168. The highest median tax bill is found in zip code 75833, where it stands at $1,794. Being aware of these valuation processes in Centerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Centerville Assessed Value
$128,135
Average Leon County Assessed Value
$129,755
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Centerville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75833 | $26,720 | $61,680 | $128,135 | $244,250 | $393,915 |
Source: Ownwell
Property Tax Bills Across Centerville, Texas
In Centerville, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the Leon County Appraisal District. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $128,135, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $779, while at the 75th percentile, it can rise to $3,368. For those in the 90th percentile, the tax bill can reach up to $5,168. These tax bills are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Centerville may find their tax bills to be relatively moderate or high depending on the specific assessed value and tax rate applied. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Centerville Tax Bill
$1,794
Average Leon County Tax Bill
$1,738
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Centerville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75833 | $313 | $779 | $1,794 | $3,368 | $5,168 |
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 | |
|---|---|
| Leon Appraisal District | |
| Website | www.leoncad.org |