Carthage, Texas Property Taxes
The median property tax rate in Carthage, TX is 1.31%, 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 $344,270, the typical annual property tax bill in Carthage reaches $3,809, surpassing the national median of $2,690. Property taxes here are determined based on the assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Carthage'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 Carthage or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carthage, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$4,510
$4,173
Ownwell’s Carthage Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carthage with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carthage 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 Carthage, Texas
Property taxes in Carthage, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carthage is 1.31%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Carthage set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carthage 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 Carthage's effective property tax rate to other counties in Texas and the national median. For comparison, the 75633 zip code has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Carthage provides valuable insights into the varying tax landscape across Rusk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carthage Tax Rate
1.31%
Average Rusk County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carthage, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75633 | 1.14% | 1.20% | 1.31% | 1.42% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Carthage, Texas
In Carthage, 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 Rusk 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. Assessment notices in Carthage 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 Carthage helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Carthage is $3,809, with zip code 75633 experiencing both the highest and lowest median tax bills.
Average Carthage Assessed Value
$344,270
Average Rusk County Assessed Value
$113,250
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carthage, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75633 | $81,102 | $179,790 | $344,270 | $508,750 | $607,438 |
Source: Ownwell
Property Tax Bills Across Carthage, Texas
In Carthage, located in Rusk County, TX, property tax bills 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 and is a percentage of the property's market value. For example, with a median home price of $344,270, the tax bill varies significantly across different percentiles. At the 25th percentile, homeowners might expect a tax bill around $2,021, while at the 75th percentile, it can rise to approximately $5,596. The 90th percentile sees tax bills as high as $6,669. These tax rates are influenced by local government budgets and the need to fund services such as schools, infrastructure, and emergency services. Homeowners in Carthage experience varying tax burdens depending on their property's assessed value, which can impact their overall financial planning and housing affordability. Notably, the highest and lowest median tax bills in the city are both recorded at $3,809, reflecting a consistent tax rate in the 75633 zip code.
Average Carthage Tax Bill
$3,809
Average Rusk County Tax Bill
$1,761
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Carthage, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75633 | $949 | $2,021 | $3,809 | $5,596 | $6,669 |
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 | |
|---|---|
| Rusk Appraisal District | |
| Website | www.ruskcad.org |