Geneva, Texas Property Taxes
The median property tax rate in Geneva, TX is 0.50%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $308,200 in Geneva, the typical annual property tax bill is $1,537, which is well below the national median of $2,690. Property taxes in Geneva are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Geneva's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Geneva or another part of Sabine County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Geneva, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$1,541
$1,426
Ownwell’s Geneva Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Geneva with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Geneva 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 Geneva, Texas
Property taxes in Geneva, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Geneva is 0.50%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Geneva set these rates annually, and they can vary significantly across different neighborhoods. Each year, Geneva 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 Geneva's effective property tax rate to other counties in Texas and the national median. For comparison, the 75959 zip code has both the highest and lowest median property tax rate of 0.50%, similar to Geneva's rate. Understanding how these cities compare with Geneva provides valuable insights into the varying tax landscape across Sabine County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Geneva Tax Rate
0.50%
Average Sabine County Tax Rate
1.18%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Geneva, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75959 | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Geneva, Texas
In Geneva, 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 Sabine 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 Geneva, 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 Geneva helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Geneva, zip code 75959 has both the highest and lowest median tax bills, each amounting to $1,537. This is significantly lower than the national median property tax rate of 0.99%, making it essential for property owners to stay informed and proactive in managing their property taxes.
Average Geneva Assessed Value
$308,200
Average Sabine County Assessed Value
$62,500
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Geneva, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75959 | $308,200 | $308,200 | $308,200 | $308,200 | $308,200 |
Source: Ownwell
Property Tax Bills Across Geneva, Texas
In Geneva, Sabine County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the property's market value. The tax rate, set by local taxing authorities, is applied to this assessed value to determine the annual tax bill. For homeowners in Geneva, the median home price is $308,200, and the typical tax bill is around $1,537, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax burden can make homeownership more affordable and appealing in Geneva compared to other regions with higher property tax rates. Factors such as local government budgets, school district needs, and public services influence the tax rate, impacting the final tax bill. Understanding these components helps homeowners anticipate their annual property tax expenses and manage their finances accordingly.
Average Geneva Tax Bill
$1,537
Average Sabine County Tax Bill
$734
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Geneva, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75959 | $1,537 | $1,537 | $1,537 | $1,537 | $1,537 |
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 | |
|---|---|
| Sabine Appraisal District | |
| Website | iswdataclient.azurewebsites.net |