Aledo, Texas Property Taxes
The median property tax rate in Aledo, TX is 1.78%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Aledo at $549,960, the typical annual property tax bill reaches $9,716, far exceeding the national median of $2,690. Property taxes in Aledo 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 Aledo'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 Aledo 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
Aledo, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.78%
Estimate Property Tax Bill
$9,789
$9,057
$1,148
Average Aledo, Texas Tax Savings
Ownwell’s Aledo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aledo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aledo to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Aledo. 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 Aledo, Texas
Property taxes in Aledo, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aledo is 1.78%, higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Aledo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aledo 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 Aledo's effective property tax rate to other counties in Texas and the national median. For comparison, the 76008 zip code has the highest median property tax rate of 1.78%, while the 76008 zip code has the lowest median tax rate of 1.78%. Understanding how these cities compare with Aledo provides valuable insights into the varying tax landscape across Parker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aledo Tax Rate
1.78%
Average Parker County Tax Rate
1.54%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aledo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76008 | 1.27% | 1.43% | 1.78% | 2.09% | 2.37% |
Source: Ownwell
$1,148
Average Aledo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Aledo, Texas
In Aledo, 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 Parker 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 Aledo, 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 Aledo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 76008, both at $9,716.
Average Aledo Assessed Value
$549,960
Average Parker County Assessed Value
$335,640
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aledo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76008 | $249,224 | $422,558 | $549,960 | $723,962 | $878,136 |
Source: Ownwell
$1,148
Average Aledo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Aledo, Texas
In Aledo, Parker County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Aledo is $549,960, which significantly influences the tax bill. Factors such as property size, location, and improvements also play a role in determining the assessed value. The tax rate in Aledo is higher than the national median property tax rate of 0.99%, leading to substantial property tax bills for homeowners. For instance, the 25th percentile tax bill is $7,113, while the 75th percentile reaches $12,302, and the 90th percentile soars to $15,358. These high property taxes can place a significant financial burden on homeowners. Ownwell offers property tax appeal and exemption services to help reduce these costs. By analyzing your property's assessed value and identifying discrepancies or overvaluations, Ownwell can assist in appealing your tax bill, potentially saving you thousands of dollars annually. Trust Ownwell to navigate the complexities of property tax assessments and secure the best possible outcome for your finances.
Average Aledo Tax Bill
$9,716
Average Parker County Tax Bill
$4,986
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Aledo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76008 | $4,436 | $7,113 | $9,716 | $12,302 | $15,358 |
Source: Ownwell
$1,148
Average Aledo Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Parker Appraisal District | |
| Website | iswdataclient.azurewebsites.net |
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