Adkins, Texas Property Taxes
The median property tax rate in Adkins, TX is 1.52%, which is considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Adkins at $343,530, the typical annual property tax bill reaches $5,136, exceeding the national median of $2,690. Property taxes in Adkins 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 Adkins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Adkins or another part of Wilson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Adkins, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$5,222
$4,831
Ownwell’s Adkins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Adkins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adkins 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 Adkins, Texas
Property taxes in Adkins, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Adkins is 1.52%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Adkins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adkins 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 Adkins' effective property tax rate to other counties in Texas and the national median. For comparison, the 78101 zip code has the highest median property tax rate of 1.52%, while the same zip code also has the lowest median tax rate of 1.52%. Understanding how these cities compare with Adkins provides valuable insights into the varying tax landscape across Wilson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adkins Tax Rate
1.52%
Average Wilson County Tax Rate
1.61%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adkins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78101 | 0.91% | 1.31% | 1.52% | 1.74% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Adkins, Texas
In Adkins, 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 Wilson 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. Assessment notices in Adkins 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. Adkins homeowners see a range of property tax bills, with the 25th percentile at $2,474 and the 90th percentile reaching $9,496. The highest and lowest median tax bills are both in the 78101 zip code, each at $5,136. Being aware of these valuation processes in Adkins helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Adkins Assessed Value
$343,530
Average Wilson County Assessed Value
$215,505
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adkins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78101 | $84,630 | $209,430 | $343,530 | $515,840 | $679,110 |
Source: Ownwell
Property Tax Bills Across Adkins, Texas
In Adkins, located in Wilson County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Adkins, the median home price is $343,530, which serves as a significant factor in calculating property taxes. The tax bill varies considerably, with the 25th percentile at $2,474 and the 75th percentile at $7,244. The 90th percentile tax bill can go as high as $9,496, reflecting the variation in property values and applicable exemptions. The highest and lowest median tax bills in Adkins are both recorded at $5,136 in the 78101 zip code, indicating a level of consistency within the area. These property taxes are essential for funding local services such as schools, emergency services, and infrastructure, directly impacting homeowners by contributing to the community's overall quality of life. Comparatively, the property tax rate in Adkins can be higher than the national median rate of 0.99%, making it crucial for homeowners to understand their tax obligations.
Average Adkins Tax Bill
$5,136
Average Wilson County Tax Bill
$3,078
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Adkins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78101 | $1,082 | $2,474 | $5,136 | $7,244 | $9,496 |
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 | |
|---|---|
| Wilson Appraisal District | |
| Website | propaccess.trueautomation.com |