Abilene, Texas Property Taxes
The median property tax rate in Abilene, TX is 1.77%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Abilene at $69,202, the typical annual property tax bill reaches $1,064, which is below the national median of $2,690. Property taxes in Abilene are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Abilene'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 Abilene 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
Abilene, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.77%
Estimate Property Tax Bill
$1,225
$1,133
Ownwell’s Abilene Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Abilene with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Abilene 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 Abilene, Texas
Property taxes in Abilene, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Abilene is 1.77%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Abilene set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abilene 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 Abilene's effective property tax rate to other counties in Texas and the national median. For comparison, the 79601 zip code has the highest median property tax rate of 1.77%, while the same zip code also has the lowest median tax rate of 1.77%. Understanding how these cities compare with Abilene provides valuable insights into the varying tax landscape across Shackelford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Abilene Tax Rate
1.77%
Average Shackelford County Tax Rate
1.95%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Abilene, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79601 | 1.37% | 1.59% | 1.77% | 1.78% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Abilene, Texas
In Abilene, 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 Shackelford 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 Abilene, 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. For instance, the highest median tax bill is found in the 79601 zip code, amounting to $1064. This figure can be compared to the national median property tax rate of 0.99%. 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 Abilene helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Abilene Assessed Value
$69,202
Average Shackelford County Assessed Value
$78,175
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Abilene, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79601 | $26,180 | $39,854 | $69,202 | $139,777 | $216,988 |
Source: Ownwell
Property Tax Bills Across Abilene, Texas
In Abilene, property tax bills are calculated based on the assessed value of a home, which is determined by the Shackelford County appraisal district. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $69,202, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. In Abilene, the tax bill can range significantly, with the 25th percentile paying around $648, while those in the 75th percentile see bills closer to $2,287. The top 10% of taxpayers face even steeper bills, averaging $3,239. Comparing these figures to the national median property tax rate of 0.99%, homeowners in Abilene may find their property tax rates relatively manageable or high, depending on their property's assessed value and specific circumstances. This variability underscores the importance of understanding local tax assessments and potential exemptions to manage property tax liabilities effectively.
Average Abilene Tax Bill
$1,064
Average Shackelford County Tax Bill
$1,360
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Abilene, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79601 | $457 | $648 | $1,064 | $2,287 | $3,239 |
Source: Ownwell