Castell, Texas Property Taxes
The median property tax rate in Castell, TX is 0.91%, which is slightly below the national median of 0.99% and significantly lower than the Texas state median of 1.67%. With the median home value in Castell at $502,883, the typical annual property tax bill reaches $4,584, well above the national median of $2,690. Property taxes in Castell 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 Castell'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 Castell 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
Castell, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$4,576
$4,234
Ownwell’s Castell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Castell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Castell 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 Castell, Texas
Property taxes in Castell, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Castell is 0.91%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Castell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Castell 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 Castell's effective property tax rate to other counties in Texas and the national median. For comparison, the 76831 zip code has the highest median property tax rate of 0.91%, while the 76831 zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Castell provides valuable insights into the varying tax landscape across Mason County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Castell Tax Rate
0.91%
Average Mason County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Castell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76831 | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Castell, Texas
In Castell, 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 Mason 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 Castell, 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 Castell, the median home price is $502,883. Interestingly, both the highest and lowest median tax bills are $4,584, found in the zip code 76831. 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 Castell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Castell Assessed Value
$502,883
Average Mason County Assessed Value
$221,377
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Castell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76831 | $502,883 | $502,883 | $502,883 | $502,883 | $502,883 |
Source: Ownwell
Property Tax Bills Across Castell, Texas
In the city of Castell, Mason County, TX, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and is usually a percentage of the property's market value. For homeowners in Castell, the median home price is $502,883, and property tax rates are applied to this assessed value to determine the tax bill. Factors that influence the tax bill include the property's location, size, and any applicable exemptions. In Castell, the tax bill for the 25th, 75th, and 90th percentiles is consistently $4,584. This uniformity indicates a stable tax environment for homeowners. Compared to the national median property tax rate of 0.99%, Castell's tax rate results in a significant tax bill for homeowners, reflecting the higher property values in the area. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Castell Tax Bill
$4,584
Average Mason County Tax Bill
$2,755
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Castell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76831 | $4,584 | $4,584 | $4,584 | $4,584 | $4,584 |
Source: Ownwell