Eustace, Texas Property Taxes
The median property tax rate in Eustace, TX is 0.68%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Eustace at $197,830, the typical annual property tax bill reaches $1,117, significantly below the national median of $2,690. Property taxes in Eustace 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 Eustace'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 Eustace 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
Eustace, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Eustace, Texas Tax Savings
Ownwell’s Eustace Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eustace with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eustace to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Eustace. 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 Eustace, Texas
Property taxes in Eustace, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eustace is 0.68%, lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Eustace set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eustace 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 Eustace's effective property tax rate to other counties in Texas and the national median. For comparison, the 75124 zip code has the highest median property tax rate of 0.68%, while the 75124 zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Eustace provides valuable insights into the varying tax landscape across Van Zandt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eustace Tax Rate
0.68%
Average Van Zandt County Tax Rate
0.90%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eustace, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75124 | 0.15% | 0.26% | 0.68% | 1.31% | 1.59% |
Source: Ownwell
$1,148
Average Eustace Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Eustace, Texas
In Eustace, 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 Van Zandt 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 Eustace, 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 median home price in Eustace is $197,830, with tax bills ranging from $387 at the 25th percentile to $4,803 at the 90th percentile. The zip code 75124 in Eustace has the highest and lowest median tax bill at $1,117. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eustace Assessed Value
$197,830
Average Van Zandt County Assessed Value
$183,735
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eustace, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75124 | $47,230 | $108,205 | $197,830 | $388,350 | $600,490 |
Source: Ownwell
$1,148
Average Eustace Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Eustace, Texas
Property tax bills in Eustace, located in Van Zandt County, TX, are calculated based on the assessed value of the property and the local tax rate. Homeowners are subject to a tax rate that is applied to the assessed value of their home, which is derived from the market value. The median home price in Eustace is $197,830, and property tax bills can vary significantly. For instance, at the 25th percentile, the tax bill is $387, while at the 75th percentile, it reaches $2,768, and at the 90th percentile, it can soar to $4,803. These variations can place a substantial burden on homeowners, particularly when compared to the national median property tax rate of 0.99%. This is where Ownwell's expertise becomes invaluable. By providing property tax appeal and exemption services, Ownwell helps homeowners ensure their property is assessed fairly, potentially leading to significant savings. With professional guidance, homeowners in Eustace can navigate the complexities of property tax assessments and reduce their financial obligations.
Average Eustace Tax Bill
$1,117
Average Van Zandt County Tax Bill
$1,296
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Eustace, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75124 | $179 | $387 | $1,117 | $2,768 | $4,803 |
Source: Ownwell
$1,148
Average Eustace Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 17 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Van Zandt Appraisal District | |
| Website | esearch.vzcad.org |
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