Campbellton, Texas Property Taxes
The median property tax rate in Campbellton, TX is 1.27%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Campbellton at $187,330, the typical annual property tax bill amounts to $2,383, which is below the national median of $2,690. Property taxes in Campbellton are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Campbellton'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 Campbellton or another part of the city, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Campbellton, 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 Campbellton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Campbellton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Campbellton 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 Campbellton, Texas
Property taxes in Campbellton, Texas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Campbellton is 1.27%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Campbellton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Campbellton 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 Campbellton's effective property tax rate to other counties in Texas and the national median. For comparison, the 78008 zip code has the highest median property tax rate of 1.27%, while the 78008 zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Campbellton provides valuable insights into the varying tax landscape across Live Oak County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Campbellton Tax Rate
1.27%
Average Live Oak County Tax Rate
1.49%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Campbellton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78008 | 1.16% | 1.20% | 1.27% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Campbellton, Texas
In Campbellton, 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 Live Oak 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 Campbellton, 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. The median home price in Campbellton stands at $187,330, with tax bills ranging significantly. For instance, the tax bill at the 25th percentile is $1,772, while at the 75th percentile, it is $3,471. The highest median tax bill is $2,383, found in zip code 78008, which is also the lowest median tax bill in the area. 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 Campbellton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Campbellton Assessed Value
$187,330
Average Live Oak County Assessed Value
$67,776
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Campbellton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78008 | $110,441 | $139,274 | $187,330 | $294,099 | $358,160 |
Source: Ownwell
Property Tax Bills Across Campbellton, Texas
In Campbellton, Texas, property tax bills are calculated based on the assessed value of a property, which is determined by the local county assessor. The assessed value is a percentage of the market value of the home. Various factors such as property location, size, and condition are considered in determining this value. Homeowners in Campbellton can expect a median property tax bill of around $2,383, with the 25th percentile at $1,772 and the 75th percentile at $3,471. For those in the 90th percentile, tax bills can reach up to $4,124. Compared to the national median property tax rate of 0.99%, Campbellton's property tax bills reflect a significant investment for homeowners, particularly given the median home price of $187,330. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Understanding how these taxes are calculated can help homeowners better manage their finances and plan for future expenses.
Average Campbellton Tax Bill
$2,383
Average Live Oak County Tax Bill
$1,069
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Campbellton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78008 | $1,405 | $1,772 | $2,383 | $3,471 | $4,124 |
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 | |
|---|---|
| Live Oak Appraisal District | |
| Website | propertysearch.liveoakcad.org |