Tulia, Texas Property Taxes
The median property tax rate in Tulia, TX is 1.48%, which is significantly higher than the national median of 0.99%, yet lower than the Texas state median of 1.67%. With the median home value in Tulia at $84,980, the typical annual property tax bill is around $840, which is below the national median of $2,690. Property taxes in Tulia are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. By understanding Tulia's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in the heart of Tulia or another part of the city, gaining insight into the local property tax system is crucial for financial planning and investment strategies.
Last Updated June 14, 2024
Tulia, 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 Tulia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tulia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tulia 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 Tulia, Texas
Property taxes in Tulia, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tulia is 1.48%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Tulia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tulia 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 Tulia's effective property tax rate to other counties in Texas and the national median. For comparison, the 79088 zip code has the highest median property tax rate of 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with Tulia provides valuable insights into the varying tax landscape across Briscoe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tulia Tax Rate
1.48%
Average Briscoe County Tax Rate
1.81%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tulia, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79088 | 1.09% | 1.23% | 1.48% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Tulia, Texas
In Tulia, 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 Briscoe 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 Tulia, 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. The highest and lowest median tax bills in Tulia are both $840 in the 79088 zip code. Being aware of these valuation processes in Tulia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tulia Assessed Value
$84,980
Average Briscoe County Assessed Value
$52,300
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tulia, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79088 | $45,548 | $60,335 | $84,980 | $207,240 | $280,596 |
Source: Ownwell
Property Tax Bills Across Tulia, Texas
In Tulia, located in Briscoe County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. The median home price in Tulia is $84,980, and the property tax rate in the area is relatively low compared to the national median of 0.99%. For instance, tax bills in Tulia can range significantly, with the 25th percentile at $684, the 75th percentile at $2,851, and the 90th percentile reaching $4,058. The highest and lowest median tax bills in the area are both recorded at $840, indicating a consistent tax rate within the zip code 79088. These property taxes fund essential local services such as schools, infrastructure, and public safety, directly impacting homeowners by contributing to the community's overall quality of life.
Average Tulia Tax Bill
$840
Average Briscoe County Tax Bill
$831
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Tulia, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79088 | $589 | $684 | $840 | $2,851 | $4,058 |
Source: Ownwell