Caldwell, Texas Property Taxes
The median property tax rate in Caldwell, TX is 1.29%, 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 $159,230, the typical annual property tax bill in Caldwell reaches $1,898, which is below the national median of $2,690. Property taxes in Caldwell are calculated based on the assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Caldwell'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 Caldwell or another part of Burleson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Caldwell, 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 Caldwell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Caldwell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Caldwell 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 Caldwell, Texas
Property taxes in Caldwell, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Caldwell is 1.29%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Caldwell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caldwell 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 Caldwell's effective property tax rate to other counties in Texas and the national median. For comparison, the 77836 zip code has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Caldwell provides valuable insights into the varying tax landscape across Burleson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caldwell Tax Rate
1.29%
Average Burleson County Tax Rate
1.38%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caldwell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77836 | 0.42% | 0.85% | 1.29% | 1.64% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Caldwell, Texas
In Caldwell, 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 Burleson 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 Caldwell, 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 Caldwell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Caldwell is $159,230, with tax bills ranging from $810 at the 25th percentile to $5,150 at the 90th percentile. The zip code 77836 has both the highest and lowest median tax bill, valued at $1,898.
Average Caldwell Assessed Value
$159,230
Average Burleson County Assessed Value
$136,543
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caldwell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77836 | $30,067 | $71,400 | $159,230 | $304,790 | $545,390 |
Source: Ownwell
Property Tax Bills Across Caldwell, Texas
In Caldwell, property tax bills are calculated based on the assessed value of a home, which is determined by the Burleson County appraisal district. The tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the assessed value, including the market value of similar properties in the area and any improvements made to the property. In Caldwell, the median home price is $159,230, and homeowners can expect a tax bill ranging from $810 at the 25th percentile to $3,555 at the 75th percentile. At the 90th percentile, tax bills can reach up to $5,150. These figures highlight significant variability, which can impact homeowners' financial planning. Comparatively, the national median property tax rate is 0.99%, making Caldwell's property taxes relatively moderate. Understanding these factors can help homeowners anticipate their financial responsibilities and make informed decisions about property ownership in Caldwell.
Average Caldwell Tax Bill
$1,898
Average Burleson County Tax Bill
$1,645
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Caldwell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77836 | $327 | $810 | $1,898 | $3,555 | $5,150 |
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 | |
|---|---|
| Burleson Appraisal District | |
| Website | esearch.burlesonappraisal.com |