Cross Plains, Texas Property Taxes
The median property tax rate in Cross Plains, TX is 1.91%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Cross Plains at $116,970, the typical annual property tax bill amounts to $1,304, which is below the national median of $2,690. Property taxes in Cross Plains are calculated based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Navigating Cross Plains' property tax system, exploring available exemptions, and identifying opportunities for reductions can yield substantial annual savings. Whether you're in the heart of Cross Plains or another part of Coleman County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cross Plains, 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 CROSS PLAINS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CROSS PLAINS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CROSS PLAINS 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 Cross Plains, Texas
Property taxes in Cross Plains, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cross Plains is 1.91%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Cross Plains set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cross Plains 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 Cross Plains' effective property tax rate to other counties in Texas and the national median. For comparison, the 76443 zip code has the highest median property tax rate of 1.91%, while the same zip code also has the lowest median tax rate of 1.91%. Understanding how these cities compare with Cross Plains provides valuable insights into the varying tax landscape across Coleman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cross Plains Tax Rate
1.91%
Average Coleman County Tax Rate
2.45%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cross Plains, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76443 | 0.33% | 0.58% | 1.91% | 1.91% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Cross Plains, Texas
In Cross Plains, 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 Coleman 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 Cross Plains, 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 Cross Plains helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Coleman County are both $1304, specifically in the 76443 zip code.
Average Cross Plains Assessed Value
$116,970
Average Coleman County Assessed Value
$44,875
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cross Plains, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76443 | $31,930 | $45,468 | $116,970 | $293,352 | $535,130 |
Source: Ownwell
Property Tax Bills Across Cross Plains, Texas
In Cross Plains, Coleman County, TX, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of a property. Once the assessed value is established, local taxing authorities apply the tax rate to calculate the annual tax bill. For homeowners in Cross Plains, the median home price is $116,970. Property tax bills can vary widely; for instance, the tax bill at the 25th percentile is $841, while at the 75th percentile, it rises to $1,845. At the 90th percentile, homeowners might see tax bills as high as $3,345. These figures are compared to the national median property tax rate of 0.99%, providing context for local rates. Understanding these factors is crucial for homeowners, as property taxes significantly impact annual expenses and long-term financial planning. The highest and lowest median tax bills in the area are both $1,304, indicating a relatively consistent tax rate within the zip code 76443.
Average Cross Plains Tax Bill
$1,304
Average Coleman County Tax Bill
$898
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cross Plains, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76443 | $475 | $841 | $1,304 | $1,845 | $3,345 |
Source: Ownwell