Taft, Texas Property Taxes
The median property tax rate in Taft, TX is 1.70%, which is considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Taft at $115,853, the typical annual property tax bill reaches $1,759, still below the national median of $2,690. Property taxes in Taft 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 Taft'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 Taft 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
Taft, 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 Taft Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Taft with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Taft 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 Taft, Texas
Property taxes in Taft, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Taft is 1.70%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Taft set these rates annually, and they can vary significantly across different neighborhoods. Each year, Taft 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 Taft's effective property tax rate to other counties in Texas and the national median. For comparison, the 78390 zip code has the highest median property tax rate of 1.70%, while the 78390 zip code has the lowest median tax rate of 1.70%. Understanding how these cities compare with Taft provides valuable insights into the varying tax landscape across San Patricio County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Taft Tax Rate
1.70%
Average San Patricio County Tax Rate
1.88%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Taft, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78390 | 1.05% | 1.45% | 1.70% | 2.14% | 2.35% |
Source: Ownwell
Property Tax Assessment Values Across Taft, Texas
In Taft, 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 Patricio 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 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. For instance, in Taft, the median home price is $115,853, with the 25th percentile tax bill at $918 and the 75th percentile tax bill at $3,055. The highest and lowest median tax bills are both $1,759 in zip code 78390. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Taft Assessed Value
$115,853
Average San Patricio County Assessed Value
$177,138
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Taft, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78390 | $26,780 | $59,494 | $115,853 | $170,356 | $255,690 |
Source: Ownwell
Property Tax Bills Across Taft, Texas
In Taft, located in San Patricio County, TX, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value of the property. Homeowners in Taft experience a range of tax bills, with the 25th percentile at $918 and the 75th percentile at $3,055. The highest median tax bill in the area is $1,759, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the property's assessed value, local government budgets, and specific tax rates set by various taxing entities such as school districts and municipal authorities. These tax bills significantly impact homeowners by contributing to their annual financial obligations. Higher property tax bills can affect affordability and long-term financial planning. Understanding how these taxes are calculated can help homeowners in Taft better manage their expenses and anticipate future tax liabilities.
Average Taft Tax Bill
$1,759
Average San Patricio County Tax Bill
$3,126
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Taft, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78390 | $435 | $918 | $1,759 | $3,055 | $4,579 |
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 Patricio Appraisal District | |
| Website | esearch.sanpatcad.org |