New Waverly, Texas Property Taxes
The median property tax rate in New Waverly, TX is 1.41%, which is significantly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in New Waverly at $73,970, the typical annual property tax bill reaches $1,005, falling below the national median of $2,690. Property taxes in New Waverly are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding New Waverly'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 New Waverly 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
New Waverly, 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 New Waverly Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in New Waverly with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in New Waverly to provide an estimate of your property tax bill. This useful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available further down the page. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across New Waverly, Texas
Property taxes in New Waverly, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Waverly is 1.41%, higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within New Waverly set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Waverly 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 New Waverly's effective property tax rate to other counties in Texas and the national median. For comparison, the 77358 zip code has the highest median property tax rate of 1.41%, while the 77358 zip code has the lowest median tax rate of 1.41%. Understanding how these cities compare with New Waverly provides valuable insights into the varying tax landscape across San Jacinto County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Waverly Tax Rate
1.41%
Average San Jacinto County Tax Rate
1.41%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Waverly, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77358 | 1.20% | 1.41% | 1.41% | 1.41% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across New Waverly, Texas
In New Waverly, 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 San Jacinto 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 New Waverly, 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 New Waverly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in New Waverly is $73,970, with the highest median tax bill found in zip code 77358, amounting to $1005.
Average New Waverly Assessed Value
$73,970
Average San Jacinto County Assessed Value
$29,120
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Waverly, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77358 | $10,479 | $33,135 | $73,970 | $201,310 | $377,104 |
Source: Ownwell
Property Tax Bills Across New Waverly, Texas
In New Waverly, San Jacinto County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in New Waverly is $73,970, and the property tax rate in this region is reflective of the county's guidelines. Homeowners can expect a wide range of tax bills, with the 25th percentile at $455 and the 75th percentile at $2,542, indicating a significant variation depending on property values and applicable exemptions. The highest median tax bill in the area is $1,005, which is considerably lower than the national median property tax rate of 0.99%. This relatively low tax burden can be a financial relief for homeowners, but it also underscores the importance of accurate property assessments and potential appeals to ensure fair taxation. Understanding these factors helps homeowners in New Waverly manage their finances and plan for property-related expenses effectively.
Average New Waverly Tax Bill
$1,005
Average San Jacinto County Tax Bill
$424
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across New Waverly, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77358 | $148 | $455 | $1,005 | $2,542 | $4,498 |
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 | |
|---|---|
| San Jacinto Appraisal District | |
| Website | propaccess.trueautomation.com |