Concord, Texas Property Taxes
The median property tax rate in Concord, TX is 1.32%, which is considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Concord at $78,535, the typical annual property tax bill reaches $1,034, surpassing the national median of $2,690. Property taxes in Concord are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Concord'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 Concord 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
Concord, 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 Concord Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Concord with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Concord 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 Concord, Texas
Property taxes in Concord, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Concord is 1.32%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Concord set these rates annually, and they can vary significantly across different neighborhoods. Each year, Concord 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 Concord's effective property tax rate to other counties in Texas and the national median. For comparison, the 77850 zip code has both the highest and lowest median property tax rate of 1.32%. Understanding how these cities compare with Concord 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 Concord Tax Rate
1.32%
Average Leon County Tax Rate
1.60%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Concord, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77850 | 0.35% | 1.10% | 1.32% | 1.32% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Concord, Texas
In Concord, 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 Concord, 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. For instance, the median home price in Concord is $78,535, with tax bills ranging from $412 at the 25th percentile to $5,486 at the 90th percentile. The zip code 77850 has the highest median tax bill of $1,034. 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 Concord helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Concord Assessed Value
$78,535
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 Concord, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77850 | $19,658 | $31,138 | $78,535 | $596,828 | $2,291,772 |
Source: Ownwell
Property Tax Bills Across Concord, Texas
In Concord, Leon County, 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 then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Concord, the median home price is $78,535. Property tax bills can vary significantly, with the 25th percentile tax bill at $412 and the 75th percentile reaching $3,226. At the higher end, the 90th percentile tax bill can be as much as $5,486. Several factors influence these tax bills, including the assessed value of the property, any applicable exemptions, and the specific tax rate set by local taxing authorities. Compared to the national median property tax rate of 0.99%, homeowners in Concord may find their tax bills to be relatively manageable, though variations exist based on property value and exemptions. Understanding these factors can help homeowners better anticipate their annual tax obligations and plan accordingly.
Average Concord Tax Bill
$1,034
Average Leon County Tax Bill
$1,738
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Concord, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77850 | $265 | $412 | $1,034 | $3,226 | $5,486 |
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 |