Ace, Texas Property Taxes
The median property tax rate in ACE, TX is 1.48%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in ACE, the typical annual property tax bill reaches $577, which is significantly below the national median of $2,690. Property taxes in ACE 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 ACE'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 ACE 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
Ace, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$799
$739
Ownwell’s ACE Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in ACE with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in ACE to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making financial planning easier. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value is determined by the county for property tax purposes, considering any applicable exemptions.
Property Tax Rates Across Ace, Texas
Property taxes in ACE, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ACE is 1.48%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within ACE set these rates annually, and they can vary significantly across different neighborhoods. Each year, ACE 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 ACE's effective property tax rate to other counties in Texas and the national median. For comparison, the 77326 zip code has the highest median property tax rate of 1.48%, while the 77326 zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with ACE provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ace Tax Rate
1.48%
Average Polk County Tax Rate
1.14%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ace, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77326 | 0.75% | 1.14% | 1.48% | 1.56% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Ace, Texas
In ACE, 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 Polk 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 ACE, 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 ACE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in ACE are both $577.00, found in the zip code 77326. This highlights the importance of understanding your specific situation to ensure you are not overpaying.
Average Ace Assessed Value
$53,993
Average Polk County Assessed Value
$100,271
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ace, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77326 | $4,044 | $19,390 | $53,993 | $139,316 | $309,091 |
Source: Ownwell
Property Tax Bills Across Ace, Texas
Property tax bills in ACE, Polk 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 appraisal district, which evaluates properties annually. This assessed value is then multiplied by the local tax rate to calculate the tax bill. For instance, with a median home price of $53,993 in ACE, homeowners can expect varying tax bills. The 25th percentile tax bill is around $277, while the 75th percentile reaches $1,731, and the 90th percentile goes up to $3,326. These figures indicate a wide range of tax liabilities depending on property values and specific local rates. Compared to the national median property tax rate of 0.99%, ACE homeowners may find their tax bills relatively manageable, though they can still vary significantly. This variability affects homeowners by influencing their annual expenses and potentially impacting their decisions regarding property investments and homeownership.
Average Ace Tax Bill
$577
Average Polk County Tax Bill
$831
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ace, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77326 | $97 | $277 | $577 | $1,731 | $3,326 |
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 | |
|---|---|
| Polk Appraisal District | |
| Website | propaccess.trueautomation.com |