Silsbee, Texas Property Taxes
The median property tax rate in Silsbee, TX is 1.95%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Silsbee at $82,470, the typical annual property tax bill reaches $1,736, which is below the national median of $2,690. Property taxes in Silsbee 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 Silsbee'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 Silsbee 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
Silsbee, 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 Silsbee Property Tax Bill Calculator aids homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Silsbee with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Silsbee to estimate your property tax bill. This valuable 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 Silsbee, Texas
Property taxes in Silsbee, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Silsbee is 1.95%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Silsbee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Silsbee 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 Silsbee's effective property tax rate to other counties in Texas and the national median. For comparison, the 77656 zip code has the highest median property tax rate of 1.95%, while the 77656 zip code has the lowest median tax rate of 1.95%. Understanding how these cities compare with Silsbee provides valuable insights into the varying tax landscape across Tyler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Silsbee Tax Rate
1.95%
Average Tyler County Tax Rate
2.01%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Silsbee, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77656 | 1.27% | 1.58% | 1.95% | 2.16% | 2.16% |
Source: Ownwell
Property Tax Assessment Values Across Silsbee, Texas
In Silsbee, 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 Tyler 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 Silsbee, 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, the highest median tax bill in Silsbee is $1,736, and the lowest is also $1,736, both in the 77656 zip code. Being aware of these valuation processes in Silsbee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Silsbee Assessed Value
$82,470
Average Tyler County Assessed Value
$69,123
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Silsbee, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77656 | $7,965 | $29,100 | $82,470 | $184,562 | $282,626 |
Source: Ownwell
Property Tax Bills Across Silsbee, Texas
In Silsbee, property tax bills are calculated based on the assessed value of a home. The local tax assessor evaluates the property's market value and then applies an assessment ratio to determine the assessed value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For example, the median home price in Silsbee is $82,470, resulting in varying tax bills. Homeowners in the 25th percentile pay around $581 annually, while those in the 75th percentile face bills of approximately $3,326. At the 90th percentile, tax bills can reach as high as $5,465. These property taxes significantly impact homeowners, as they are essential for funding local services such as schools, roads, and emergency services. Compared to the national median property tax rate of 0.99%, Silsbee's property tax rates can vary widely, affecting the overall affordability and cost of living in the area.
Average Silsbee Tax Bill
$1,736
Average Tyler County Tax Bill
$1,323
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Silsbee, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77656 | $227 | $581 | $1,736 | $3,326 | $5,465 |
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 | |
|---|---|
| Tyler Appraisal District | |
| Website | propaccess.trueautomation.com |