Carlton, Texas Property Taxes
The median property tax rate in Carlton, TX is 1.27%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $264,820, the typical annual property tax bill in Carlton amounts to $3,369, surpassing the national median of $2,690. Property taxes in Carlton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Carlton'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 Carlton 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
Carlton, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$3,363
$3,112
Ownwell’s Carlton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carlton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carlton 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 Carlton, Texas
Property taxes in Carlton, Texas, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Carlton is 1.27%, higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Carlton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carlton 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 Carlton's effective property tax rate to other counties in Texas and the national median. For comparison, the 76436 zip code has the highest median property tax rate of 1.27%, while the same 76436 zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Carlton provides valuable insights into the varying tax landscape across Erath County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carlton Tax Rate
1.27%
Average Erath County Tax Rate
1.38%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carlton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76436 | 1.26% | 1.26% | 1.27% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Carlton, Texas
In Carlton, 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 Erath 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 Carlton, 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. Understanding the distinction between these valuation concepts helps property owners navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the median home price in Carlton is $264,820, with tax bills ranging from $3,325 at the 25th percentile to $10,288 at the 90th percentile. The highest and lowest median tax bills are both $3,369, found in zip code 76436. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Carlton Assessed Value
$264,820
Average Erath County Assessed Value
$216,370
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carlton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76436 | $261,892 | $262,990 | $264,820 | $605,280 | $809,556 |
Source: Ownwell
Property Tax Bills Across Carlton, Texas
In Carlton, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Carlton is $264,820, and the tax bill varies significantly depending on the property's assessed value and specific tax rate applied. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Carlton can expect a tax bill ranging from $3,325 at the 25th percentile to $10,288 at the 90th percentile. This wide range illustrates the variation in property values and tax burdens within the city. Carlton's property tax rate is higher than the national median of 0.99%, reflecting the local government’s need to fund public services and infrastructure. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly, ensuring they are prepared for their property tax responsibilities.
Average Carlton Tax Bill
$3,369
Average Erath County Tax Bill
$3,131
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Carlton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76436 | $3,299 | $3,325 | $3,369 | $7,693 | $10,288 |
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 | |
|---|---|
| Erath Appraisal District | |
| Website | esearch.erath-cad.com |