Kirvin, Texas Property Taxes
The median property tax rate in Kirvin, TX is 0.79%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $97,560 in Kirvin, the typical annual property tax bill is $691, which is well below the national median of $2,690. Property taxes in Kirvin are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kirvin's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kirvin or another part of Freestone County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kirvin, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$771
$713
Ownwell’s Kirvin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kirvin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kirvin 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 Kirvin, Texas
Property taxes in Kirvin, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kirvin is 0.79%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Kirvin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kirvin 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 Kirvin's effective property tax rate to other counties in Texas and the national median. For comparison, the 75848 zip code has both the highest and lowest median property tax rate of 0.79%. Understanding how these cities compare with Kirvin provides valuable insights into the varying tax landscape across Freestone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kirvin Tax Rate
0.79%
Average Freestone County Tax Rate
1.02%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kirvin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75848 | 0.14% | 0.35% | 0.79% | 1.12% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Kirvin, Texas
In Kirvin, 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 Freestone 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 Kirvin, 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. For instance, the median home price in Kirvin is $97,560, with tax bills ranging from $324 at the 25th percentile to $1,535 at the 90th percentile. The zip code with the highest and lowest median tax bill is 75848, both at $691. Being aware of these valuation processes in Kirvin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kirvin Assessed Value
$97,560
Average Freestone County Assessed Value
$117,090
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kirvin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75848 | $19,711 | $31,222 | $97,560 | $197,486 | $389,014 |
Source: Ownwell
Property Tax Bills Across Kirvin, Texas
In Kirvin, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Freestone County. The median home price in Kirvin is $97,560, and property taxes are determined by multiplying this assessed value by the local tax rate. The tax bill can vary significantly, with the 25th percentile tax bill at $324 and the 75th percentile tax bill at $974. For those in the 90th percentile, the tax bill can reach up to $1,535. Several factors influence the final tax bill, including the property's assessed value, any applicable exemptions, and the specific tax rate levied by local government entities. Homeowners in Kirvin experience a range of tax bills, which can significantly impact their annual expenses. Compared to the national median property tax rate of 0.99%, the tax rates in Kirvin offer a varied landscape, affecting homeowners differently based on their property's assessed value and available exemptions.
Average Kirvin Tax Bill
$691
Average Freestone County Tax Bill
$1,013
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Kirvin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75848 | $49 | $324 | $691 | $974 | $1,535 |
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 | |
|---|---|
| Freestone Appraisal District | |
| Website | propertysearch.freestonecad.org |