Eola, Texas Property Taxes
The median property tax rate in Eola, TX is 0.82%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Eola being $323,840, the typical annual property tax bill amounts to $2,366, falling below the national median of $2,690. Property taxes in Eola are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Eola'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 Eola 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
Eola, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$2,655
$2,457
Ownwell’s Eola Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eola with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eola 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 Eola, Texas
Property taxes in Eola, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eola is 1.29%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Eola set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eola 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 Eola's effective property tax rate to other counties in Texas and the national median. For comparison, the 75763 zip code has the highest median property tax rate of 1.32%, while the 75763 zip code has the lowest median tax rate of 1.32%. Understanding how these cities compare with Eola provides valuable insights into the varying tax landscape across Anderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eola Tax Rate
0.82%
Average Tom Green County Tax Rate
1.11%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eola, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76937 | 0.40% | 0.61% | 0.82% | 1.19% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Eola, Texas
In Eola, 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 Tom Green 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 Eola, 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 Eola helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,366 in the 76937 zip code, while the lowest median tax bill is also $2,366 in the same zip code.
Average Eola Assessed Value
$323,840
Average Tom Green County Assessed Value
$186,425
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eola, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76937 | $77,908 | $212,780 | $323,840 | $441,770 | $696,710 |
Source: Ownwell
Property Tax Bills Across Eola, Texas
In Eola, located in Tom Green County, TX, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the property's market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For homeowners in Eola, the median home price is $323,840. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,177 and the 75th percentile tax bill at $3,786. At the higher end, the 90th percentile tax bill reaches $5,358. These figures illustrate the range of property tax obligations homeowners might face, influenced by factors such as property value and specific tax rates. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Eola to understand how their local rates and assessed values impact their annual tax bills. This understanding helps homeowners budget effectively and anticipate their financial obligations.
Average Eola Tax Bill
$2,366
Average Tom Green County Tax Bill
$1,970
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Eola, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76937 | $733 | $1,177 | $2,366 | $3,786 | $5,358 |
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 | |
|---|---|
| Tom Green Appraisal District | |
| Website | iswdataclient.azurewebsites.net |