Iredell, Texas Property Taxes
The median property tax rate in Iredell, TX is 1.20%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Iredell at $699,390, the typical annual property tax bill reaches $8,066, significantly exceeding the national median of $2,690. Property taxes in Iredell are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Iredell'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 Iredell 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
Iredell, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$8,393
$7,765
Ownwell’s Iredell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Iredell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Iredell 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 Iredell, Texas
Property taxes in Iredell, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Iredell is 1.20%, which is significantly higher than both the Texas state median of 1.10% and the U.S. national median of 0.99%. Local government entities within Iredell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Iredell 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 Iredell's effective property tax rate to other counties in Texas and the national median. For comparison, the 76649 zip code has the highest median property tax rate of 1.20%, while the 76649 zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Iredell 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 Iredell Tax Rate
1.20%
Average Erath County Tax Rate
1.38%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Iredell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76649 | 0.81% | 1.02% | 1.20% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Iredell, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Iredell, Texas. 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. Assessment notices in Iredell 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 Iredell is $699,390, and tax bills can range significantly. The 25th percentile tax bill is $3,929, while the 75th percentile tax bill is $9,352. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Iredell Assessed Value
$699,390
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 Iredell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76649 | $226,452 | $409,435 | $699,390 | $826,675 | $1,070,318 |
Source: Ownwell
Property Tax Bills Across Iredell, Texas
In Iredell, located in Erath County, TX, property tax bills are determined based on the assessed value of a homeowner's property. The local tax authorities evaluate the market value of the property, and the assessed value is then used to calculate the tax bill. Various factors such as property size, location, and condition are considered during the assessment. Homeowners in Iredell can expect their tax bills to vary significantly, with the 25th percentile tax bill being $3,929 and the 75th percentile reaching $9,352. At the 90th percentile, tax bills can go as high as $10,586. These tax bills are influenced by the median home price in the area, which stands at $699,390. Compared to the national median property tax rate of 0.99%, Iredell's property taxes can be relatively high, impacting homeowners' annual expenses. The highest and lowest median tax bills are both recorded at $8,066 in the zip code 76649, indicating some consistency within specific areas of the city.
Average Iredell Tax Bill
$8,066
Average Erath County Tax Bill
$3,131
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Iredell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76649 | $2,639 | $3,929 | $8,066 | $9,352 | $10,586 |
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 |