Satin, Texas Property Taxes
The median property tax rate in Satin, TX is 2.00%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Satin, the typical annual property tax bill reaches $587, which is significantly lower than the national median of $2,690. Property taxes in Satin 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 Satin'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 Satin 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
Satin, 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 SATIN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SATIN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SATIN 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 Satin, Texas
Property taxes in Satin, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Satin is 2.00%, which is significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Satin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Satin 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 Satin's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 76685 has both the highest and lowest median property tax rate of 2.00%. Understanding how these areas compare with Satin provides valuable insights into the varying tax landscape across Falls County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Satin Tax Rate
2.00%
Average Falls County Tax Rate
2.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Satin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76685 | 0.74% | 1.17% | 2.00% | 2.00% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Satin, Texas
In Satin, 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 Falls 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 Satin, 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 Satin is $34,740, with property tax bills ranging from $324 at the 25th percentile to $2,735 at the 90th percentile. The zip code 76685 has the highest and lowest median tax bill at $587. 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 Satin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Satin Assessed Value
$34,740
Average Falls County Assessed Value
$76,900
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Satin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76685 | $4,604 | $16,920 | $34,740 | $78,675 | $342,138 |
Source: Ownwell
Property Tax Bills Across Satin, Texas
In Satin, located in Falls County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Satin is $34,740. Homeowners can expect tax bills to vary, with the 25th percentile paying around $324, the 75th percentile at $995, and the 90th percentile reaching up to $2,735. These figures are influenced by various factors, including property size, location, and any applicable exemptions. The assessed value is determined by the local appraisal district, which evaluates the market value of the property. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For comparison, the national median property tax rate is 0.99%, making Satin’s tax rates relatively competitive. Understanding these factors helps homeowners budget effectively and anticipate their annual financial obligations.
Average Satin Tax Bill
$587
Average Falls County Tax Bill
$1,609
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Satin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76685 | $92 | $324 | $587 | $995 | $2,735 |
Source: Ownwell