Chatfield, Texas Property Taxes
The median property tax rate in Chatfield, TX is 0.80%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Chatfield, the typical annual property tax bill reaches $1,253, significantly below the national median of $2,690. Property taxes in Chatfield 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 Chatfield'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 Chatfield or another part of Navarro County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chatfield, 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 Chatfield Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential owners to estimate their annual property taxes in Chatfield with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Chatfield to provide an estimate of your property tax bill. This user-friendly tool offers clarity on potential tax liabilities, making financial planning easier. For those interested in more granular insights, you can scroll down to explore trends at a neighborhood level. Your property’s assessed value is determined by Navarro County for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Chatfield, Texas
Property taxes in Chatfield, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chatfield is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Chatfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chatfield 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 Chatfield's effective property tax rate to other areas in Texas and the national median. For comparison, the zip code 75105 has the highest and lowest median property tax rate of 0.80%. Understanding how these cities compare with Chatfield provides valuable insights into the varying tax landscape across Navarro County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chatfield Tax Rate
0.80%
Average Navarro County Tax Rate
1.05%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chatfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75105 | 0.12% | 0.39% | 0.80% | 1.20% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Chatfield, Texas
In Chatfield, 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 Navarro 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 Chatfield, 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 highest median tax bill in the area is $1,253, found in the 75105 zip code, which is also the lowest median tax bill. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Chatfield Assessed Value
$224,950
Average Navarro County Assessed Value
$152,655
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chatfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75105 | $75,850 | $122,885 | $224,950 | $353,260 | $492,936 |
Source: Ownwell
Property Tax Bills Across Chatfield, Texas
Property tax bills in Chatfield, located in Navarro County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the home. Homeowners in Chatfield can expect their property tax bills to vary widely depending on their property's assessed value and the specific tax rate applied. For example, the median home price in Chatfield is $224,950. Property tax bills in this area can range significantly. The 25th percentile of tax bills is $549, while the 75th percentile reaches $3,161. The top 10% of tax bills can go as high as $5,349. This variation illustrates how different factors, such as property size, location, and improvements, influence the final tax bill. Compared to the national median property tax rate of 0.99%, Chatfield homeowners may find their tax obligations either higher or lower depending on these assessed values and local tax rates. Understanding these factors can help homeowners anticipate their annual tax responsibilities and budget accordingly.
Average Chatfield Tax Bill
$1,253
Average Navarro County Tax Bill
$1,415
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Chatfield, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75105 | $197 | $549 | $1,253 | $3,161 | $5,349 |
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 | |
|---|---|
| Navarro Appraisal District | |
| Website | esearch.navarrocad.com |