Corsicana, Texas Property Taxes
The median property tax rate in Corsicana, TX is 1.11%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $160,300, the typical annual property tax bill in Corsicana is $1,646, significantly below the national median of $2,690. Property taxes in Corsicana are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Corsicana'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 Corsicana 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
Corsicana, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,779
$1,646
Ownwell’s Corsicana Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Corsicana with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Corsicana 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 Corsicana, Texas
Property taxes in Corsicana, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Corsicana is 1.11%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Corsicana set these rates annually, and they can vary significantly across different neighborhoods. Each year, Corsicana 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 Corsicana's effective property tax rate to other counties in Texas and the national median. For comparison, the 75110 zip code has the highest median property tax rate of 1.16%, while the 75109 zip code has the lowest median tax rate of 0.97%. Understanding how these cities compare with Corsicana 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 Corsicana Tax Rate
1.11%
Average Navarro County Tax Rate
1.05%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Corsicana, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75109 | 0.33% | 0.66% | 0.97% | 1.24% | 1.53% |
| 75110 | 0.43% | 0.74% | 1.16% | 1.54% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Corsicana, Texas
In Corsicana, 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 Corsicana, 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 Corsicana is $2,015 in the 75109 zip code, while the lowest median tax bill is $1,585 in the 75110 zip code. 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 Corsicana helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Corsicana Assessed Value
$160,300
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 Corsicana, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75109 | $44,394 | $112,560 | $245,190 | $479,980 | $826,552 |
| 75110 | $58,590 | $94,318 | $151,400 | $230,510 | $336,462 |
Source: Ownwell
Property Tax Bills Across Corsicana, Texas
In Corsicana, located in Navarro County, TX, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county appraisal district, which estimates the market value of the property. Homeowners in Corsicana often see varying tax bills depending on their property's assessed value and the specific tax rate applied by local taxing entities such as school districts, municipalities, and other special districts. For instance, the median home price in Corsicana is $160,300. Tax bills can vary widely, with the 25th percentile tax bill at approximately $840 and the 75th percentile tax bill reaching around $3,022. At the higher end, the 90th percentile tax bill can be as much as $4,749. The highest median tax bill in the area is $2,015 in the 75109 zip code, while the lowest median tax bill is $1,585 in the 75110 zip code. These property taxes significantly impact homeowners, influencing their annual housing costs and overall financial planning.
Average Corsicana Tax Bill
$1,646
Average Navarro County Tax Bill
$1,415
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Corsicana, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75109 | $239 | $791 | $2,015 | $4,510 | $8,730 |
| 75110 | $341 | $850 | $1,585 | $2,818 | $4,137 |
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 |