Elkhart, Texas Property Taxes
The median property tax rate in Elkhart, TX is 1.31%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $110,128 in Elkhart, the typical annual property tax bill amounts to $1,400, falling below the national median of $2,690. Property taxes in Elkhart are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural use. Understanding Elkhart'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 Elkhart or another part of Anderson County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Elkhart, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$1,443
$1,335
Ownwell’s Elkhart Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elkhart with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elkhart 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 Elkhart, Texas
Property taxes in Elkhart, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elkhart is 1.31%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Elkhart set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elkhart 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 Elkhart's effective property tax rate to other counties in Texas and the national median. For comparison, the 75839 zip code has the highest median property tax rate of 1.31%, while the 75839 zip code has the lowest median tax rate of 1.31%. Understanding how these cities compare with Elkhart provides valuable insights into the varying tax landscape across Anderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elkhart Tax Rate
1.31%
Average Anderson County Tax Rate
1.48%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elkhart, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75839 | 0.62% | 1.04% | 1.31% | 1.48% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Elkhart, Texas
In Elkhart, 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 Anderson 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 Elkhart, 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 Elkhart helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Elkhart is $110,128, with tax bills ranging from $587 at the 25th percentile to $3,837 at the 90th percentile, highlighting the importance of understanding and managing your property taxes.
Average Elkhart Assessed Value
$110,128
Average Anderson County Assessed Value
$116,310
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elkhart, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75839 | $17,943 | $47,498 | $110,128 | $239,320 | $388,957 |
Source: Ownwell
Property Tax Bills Across Elkhart, Texas
In Elkhart, Anderson County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $110,128, homeowners can expect varying tax bills depending on their property's assessed value and the applicable tax rate. Factors such as property improvements, market conditions, and neighborhood trends are considered when determining the assessed value. For example, the tax bill in the 25th percentile is $587, while those in the 75th percentile can reach up to $2,546. Homes in the 90th percentile see tax bills around $3,837. These taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Elkhart's rates can vary, affecting the overall affordability and financial planning for residents.
Average Elkhart Tax Bill
$1,400
Average Anderson County Tax Bill
$1,775
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Elkhart, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75839 | $193 | $587 | $1,400 | $2,546 | $3,837 |
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 | |
|---|---|
| Anderson Appraisal District | |
| Website | search.andersoncad.net |