Justiceburg, Texas Property Taxes
The median property tax rate in Justiceburg, TX is 2.04%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Justiceburg at $35,377, the typical annual property tax bill reaches $721, which is below the national median of $2,690. Property taxes in Justiceburg 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 Justiceburg'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 Justiceburg 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
Justiceburg, 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 Justiceburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Justiceburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Justiceburg 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 Justiceburg, Texas
Property taxes in Justiceburg, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Justiceburg is 2.04%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Justiceburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Justiceburg 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 Justiceburg's effective property tax rate to other counties in Texas and the national median. For comparison, the 79330 zip code has the highest median property tax rate of 2.04%, while the same zip code also has the lowest median tax rate of 2.04%. Understanding how these cities compare with Justiceburg provides valuable insights into the varying tax landscape across Garza County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Justiceburg Tax Rate
2.04%
Average Garza County Tax Rate
2.35%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Justiceburg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79330 | 1.99% | 2.04% | 2.04% | 2.04% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Justiceburg, Texas
In Justiceburg, 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 Garza 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 Justiceburg, 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. Being aware of these valuation processes in Justiceburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Justiceburg both stand at $721.00 in the zip code 79330.
Average Justiceburg Assessed Value
$35,377
Average Garza County Assessed Value
$40,366
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Justiceburg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79330 | $5,226 | $10,980 | $35,377 | $89,791 | $396,092 |
Source: Ownwell
Property Tax Bills Across Justiceburg, Texas
In Justiceburg, located in Garza County, TX, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in Justiceburg is $35,377, which is significantly lower than the national average. Homeowners in this area can expect their tax bills to vary widely. For instance, those in the 25th percentile pay around $224, while those in the 75th percentile face bills closer to $1,767. The 90th percentile sees tax bills as high as $7,763. The tax rate in Justiceburg is applied to the assessed value of the property to calculate the tax bill. This assessed value is determined based on factors such as the property's market value, location, and any improvements made. Lower home values in the area generally result in lower tax bills, but significant variations exist depending on the specific property and its assessed value. For homeowners, understanding these factors is crucial in anticipating their annual property tax obligations.
Average Justiceburg Tax Bill
$721
Average Garza County Tax Bill
$925
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Justiceburg, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79330 | $107 | $224 | $721 | $1,767 | $7,763 |
Source: Ownwell