Kerens, Texas Property Taxes
The median property tax rate in Kerens, TX is 1.19%, 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 Kerens at $136,600, the typical annual property tax bill amounts to $1,330, falling below the national median of $2,690. Property taxes in Kerens are calculated based on the assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kerens' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kerens 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
Kerens, 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 Kerens Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Kerens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kerens to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, 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 Kerens, Texas
Property taxes in Kerens, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kerens is 1.19%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Kerens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kerens 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 Kerens's effective property tax rate to other counties in Texas and the national median. For comparison, the 75144 zip code has the highest median property tax rate of 1.19%, while the 75144 zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Kerens 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 Kerens Tax Rate
1.19%
Average Navarro County Tax Rate
1.05%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kerens, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75144 | 0.31% | 0.69% | 1.19% | 1.68% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Kerens, Texas
In Kerens, 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 Kerens, 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. In Kerens, the highest and lowest median tax bills are both $1330, found in zip code 75144. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kerens Assessed Value
$136,600
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 Kerens, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75144 | $25,181 | $64,018 | $136,600 | $270,358 | $622,613 |
Source: Ownwell
Property Tax Bills Across Kerens, Texas
Property tax bills in Kerens, Navarro County, TX, are determined by assessing the market value of a property and applying the local tax rate. The assessed value is based on the median home price of $136,600. The tax bill can vary significantly, with the 25th percentile at $519 and the 75th percentile reaching $2,880. The 90th percentile tax bill is as high as $6,263. These variations reflect differences in property values and the specific tax rates applied. Factors influencing the tax bill include the property's assessed value, local tax rates, and applicable exemptions. For instance, properties within the 75144 zip code have a median tax bill of $1,330, which is consistent across the board. Compared to the national median property tax rate of 0.99%, Kerens homeowners may experience a range of tax burdens depending on their property's assessed value. Understanding these factors helps homeowners anticipate their tax obligations and plan accordingly.
Average Kerens Tax Bill
$1,330
Average Navarro County Tax Bill
$1,415
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Kerens, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75144 | $233 | $519 | $1,330 | $2,880 | $6,263 |
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 |