Jefferson, Texas Property Taxes
The median property tax rate in Jefferson, TX is 0.87%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $81,010 in Jefferson, the typical annual property tax bill amounts to $532, significantly less than the national median of $2,690. Property taxes in Jefferson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Jefferson'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 Jefferson 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
Jefferson, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$705
$652
Ownwell’s Jefferson Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Jefferson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jefferson to provide an estimation of 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 Jefferson, Texas
Property taxes in Jefferson, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jefferson is 1.81%, higher than both the Texas state median of 1.6% and the U.S. national median of 0.99%. Local government entities within Jefferson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jefferson 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 Jefferson's effective property tax rate to other counties in Texas and the national median. For comparison, the 75657 zip code has the highest median property tax rate of 1.81%, while 75657 also has the lowest median tax rate of 1.81%. Understanding how these cities compare with Jefferson provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jefferson Tax Rate
0.87%
Average Marion County Tax Rate
0.88%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jefferson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75657 | 0.21% | 0.41% | 0.87% | 1.34% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Jefferson, Texas
In Jefferson, 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 Jefferson, 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 Jefferson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Jefferson is $532.00 in the zip code 75657, while the lowest median tax bill is also $532.00 in the same zip code.
Average Jefferson Assessed Value
$81,010
Average Marion County Assessed Value
$74,260
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jefferson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75657 | $9,726 | $30,095 | $81,010 | $176,780 | $285,684 |
Source: Ownwell
Property Tax Bills Across Jefferson, Texas
In Jefferson, located in Marion County, TX, property tax bills 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, which evaluates the market value of the property. The local tax rate is applied to this assessed value to calculate the annual property tax bill. Several factors influence the assessed value, including the property's location, size, age, and condition. Homeowners in Jefferson face varying tax bills, with the 25th percentile paying around $179 annually, while those in the 75th percentile pay approximately $1,283. For the top 10% of homeowners, the tax bill can reach up to $2,318. The highest median tax bill in Marion County is $532, which is relatively modest compared to the national median property tax rate of 0.99%. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners should be aware of their property's assessed value and the local tax rate to understand their tax obligations fully.
Average Jefferson Tax Bill
$532
Average Marion County Tax Bill
$470
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Jefferson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75657 | $73 | $179 | $532 | $1,283 | $2,318 |
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 | |
|---|---|
| Marion Appraisal District | |
| Website | www.marioncad.org |