Louise, Texas Property Taxes
The median property tax rate in Louise, TX is 1.54%, which is significantly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $120,138 in Louise, the typical annual property tax bill amounts to $1,600, below the national median of $2,690. Property taxes in Louise are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Louise'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 Louise or another part of Wharton County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Louise, 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 Louise Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Louise using just two key data points. Simply input your property's estimated assessed value, and the calculator will apply the median tax rate in Louise to give you an accurate estimate of your property tax bill. This tool provides crucial insights into your potential tax liabilities, helping you make informed financial decisions. For those interested in more granular data, you can explore trends at the neighborhood level further down the page. Your property's assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Louise, Texas
Property taxes in Louise, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Louise is 1.54%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Louise set these rates annually, and they can vary significantly across different neighborhoods. Each year, Louise 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 Louise's effective property tax rate to other counties in Texas and the national median. For comparison, the 77455 zip code has the highest median property tax rate of 1.54%, while the 77455 zip code also has the lowest median tax rate of 1.54%. Understanding how these cities compare with Louise 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 Louise Tax Rate
1.54%
Average Wharton County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Louise, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77455 | 0.82% | 1.25% | 1.54% | 1.79% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Louise, Texas
In Louise, 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 Louise, 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 Louise helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 77455, with a value of $1600.
Average Louise Assessed Value
$120,138
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 Louise, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77455 | $28,734 | $54,047 | $120,138 | $192,038 | $271,719 |
Source: Ownwell
Property Tax Bills Across Louise, Texas
In Louise, located in Wharton County, TX, property tax bills are calculated based on the assessed value of a home and the applicable tax rate set by local authorities. The median home price in Louise is $120,138, and the property tax rate in Texas hovers around the national median of 0.99%. The tax bill for a property is determined by multiplying the assessed value by the tax rate. For instance, homeowners in Louise can expect their tax bills to vary significantly, with the 25th percentile being $742 and the 75th percentile reaching $2,771. At the 90th percentile, tax bills can climb as high as $3,986. These variations highlight how individual property values and specific local tax rates can impact the total amount owed. Homeowners in Louise should be mindful of these factors, as they directly influence the annual financial obligation tied to their property ownership.
Average Louise Tax Bill
$1,600
Average Wharton County Tax Bill
$1,730
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Louise, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77455 | $376 | $742 | $1,600 | $2,771 | $3,986 |
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 |