Troup, Texas Property Taxes
The median property tax rate in Troup, TX is 1.09%, 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 $223,230 in Troup, the typical annual property tax bill comes to $2,340, slightly below the national median of $2,690. Property taxes in Troup are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Troup'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 Troup or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Troup, 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 Troup Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Troup with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Troup 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 Troup, Texas
Property taxes in Troup, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Troup is 1.09%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Troup set these rates annually, and they can vary significantly across different neighborhoods. Each year, Troup 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 Troup's effective property tax rate to other counties in Texas and the national median. For comparison, the 75789 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Troup provides valuable insights into the varying tax landscape across Cherokee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Troup Tax Rate
1.09%
Average Cherokee County Tax Rate
1.52%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Troup, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75789 | 0.59% | 0.86% | 1.09% | 1.32% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Troup, Texas
In Troup, 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 Cherokee 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 Troup, 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 median home price in Troup is $223,230, with tax bills ranging from $1,067 at the 25th percentile to $5,475 at the 90th percentile. Being aware of these valuation processes in Troup helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Troup Assessed Value
$223,230
Average Cherokee County Assessed Value
$121,540
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Troup, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75789 | $43,918 | $106,770 | $223,230 | $396,180 | $575,290 |
Source: Ownwell
Property Tax Bills Across Troup, Texas
In Troup, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Cherokee County. The median home price in Troup is $223,230, and the property tax rate in Texas typically hovers around 1.81%, which is significantly higher than the national median property tax rate of 0.99%. This means that homeowners in Troup can expect to pay more in property taxes compared to the national average. Factors influencing the tax bill include the assessed value of the property, any applicable exemptions, and specific local tax rates. For instance, the 25th percentile tax bill in Troup is approximately $1,067, while the 75th percentile tax bill can reach up to $3,917. The 90th percentile tax bill is even higher at $5,475, reflecting the variability based on property values and assessment details. The highest median tax bill is $2,340, found in the zip code 75789. These property taxes directly affect homeowners by influencing their annual financial planning and overall cost of homeownership.
Average Troup Tax Bill
$2,340
Average Cherokee County Tax Bill
$1,611
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Troup, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75789 | $415 | $1,067 | $2,340 | $3,917 | $5,475 |
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 | |
|---|---|
| Cherokee Appraisal District | |
| Website | propaccess.trueautomation.com |