Lissie, Texas Property Taxes
The median property tax rate in Lissie, TX is 1.59%, which is higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With a median home value of $119,990 in Lissie, the typical annual property tax bill amounts to $1,680, which is lower than the national median of $2,690. Property taxes in Lissie are calculated based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Lissie'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 Lissie or another part of Wharton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lissie, 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 Lissie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lissie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lissie 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 Lissie, Texas
Property taxes in Lissie, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lissie is 1.59%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Lissie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lissie 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 Lissie's effective property tax rate to other counties in Texas and the national median. For comparison, the 77454 zip code has the highest median property tax rate of 1.59%, while the 77454 zip code has the lowest median tax rate of 1.59%. Understanding how these cities compare with Lissie provides valuable insights into the varying tax landscape across Wharton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lissie Tax Rate
1.59%
Average Wharton County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lissie, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77454 | 0.66% | 1.31% | 1.59% | 1.83% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Lissie, Texas
In Lissie, 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 Wharton 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 Lissie, 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 median home price in Lissie is $119,990, with tax bills ranging from $655 at the 25th percentile to $4,639 at the 90th percentile. The zip code 77454 has the highest and lowest median tax bill of $1,680. Being aware of these valuation processes in Lissie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lissie Assessed Value
$119,990
Average Wharton County Assessed Value
$120,245
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lissie, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77454 | $27,808 | $58,338 | $119,990 | $202,287 | $291,380 |
Source: Ownwell
Property Tax Bills Across Lissie, Texas
In Lissie, located in Wharton County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the property's market value. Homeowners in Lissie can expect their property tax bills to vary significantly, with the 25th percentile at $655 and the 75th percentile reaching $2,721. The highest median tax bill in the area is $1,680. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. These taxes fund essential public services such as schools, emergency services, and infrastructure. For homeowners, a higher assessed value results in a higher tax bill, impacting annual housing costs. Compared to the national median property tax rate of 0.99%, Lissie's tax rates can vary, making it crucial for homeowners to understand their specific tax obligations and potential savings through exemptions.
Average Lissie Tax Bill
$1,680
Average Wharton County Tax Bill
$1,730
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Lissie, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77454 | $223 | $655 | $1,680 | $2,721 | $4,639 |
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 | |
|---|---|
| Wharton Appraisal District | |
| Website | esearch.whartoncad.net |