Allen, Texas Property Taxes
The median property tax rate in Allen, TX is 1.52%, which is considerably higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With a median home value of $519,316 in Allen, the typical annual property tax bill reaches $8,080, significantly exceeding the national median of $2,690. Property taxes in Allen are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Allen'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 Allen 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
Allen, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$7,894
$7,304
$1,148
Average Allen, Texas Tax Savings
Ownwell’s Allen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Allen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Allen to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Allen. 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 Allen, Texas
Property taxes in Allen, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Allen is 1.52%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Allen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Allen 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 Allen's effective property tax rate to other counties in Texas and the national median. For comparison, the 75013 zip code has the highest median property tax rate of 1.53%, while the 75002 zip code has the lowest median tax rate of 1.52%. Understanding how these cities compare with Allen provides valuable insights into the varying tax landscape across Collin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Allen Tax Rate
1.52%
Average Collin County Tax Rate
1.60%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Allen, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75002 | 1.34% | 1.42% | 1.52% | 1.79% | 1.79% |
| 75013 | 1.38% | 1.44% | 1.53% | 1.79% | 1.79% |
Source: Ownwell
$1,148
Average Allen Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Allen, Texas
In Allen, 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 Collin 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 Allen, 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. For example, the median home price in Allen is $519,316. Zip code 75013 has the highest median tax bill at $9,867, while zip code 75002 has the lowest at $7,151. 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 Allen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Allen Assessed Value
$519,316
Average Collin County Assessed Value
$477,029
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Allen, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75002 | $304,488 | $383,996 | $460,376 | $582,784 | $943,606 |
| 75013 | $384,084 | $513,308 | $648,940 | $780,570 | $930,157 |
Source: Ownwell
$1,148
Average Allen Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Allen, Texas
In Allen, located in Collin County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of your property. The tax rate is then applied to this assessed value to generate your tax bill. For instance, with a median home price of $519,316, homeowners in Allen face varying tax bills, ranging from $6,333 at the 25th percentile to $14,409 at the 90th percentile. The highest median tax bill in the area is $9,867 in the 75013 zip code, while the lowest is $7,151 in the 75002 zip code. These figures highlight the financial impact on homeowners, significantly affecting their annual expenses. Ownwell helps homeowners lower their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and ensuring it is accurate, Ownwell can potentially reduce your tax liability, saving you money year after year.
Average Allen Tax Bill
$8,080
Average Collin County Tax Bill
$7,555
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Allen, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75002 | $4,992 | $5,874 | $7,151 | $8,964 | $13,934 |
| 75013 | $6,119 | $7,928 | $9,867 | $12,234 | $14,834 |
Source: Ownwell
$1,148
Average Allen Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Collin Appraisal District | |
| Phone | (469) 742-9200 |
| Website | esearch.collincad.org |
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