Todd Mission, Texas Property Taxes
The median property tax rate in Todd Mission, TX is 1.49%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Todd Mission at $532,520, the typical annual property tax bill reaches $7,943, exceeding the national median of $2,690. Property taxes in Todd Mission 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 Todd Mission'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 Todd Mission 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
Todd Mission, 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 Todd Mission Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Todd Mission with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Todd Mission 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 Todd Mission, Texas
Property taxes in Todd Mission, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Todd Mission is 1.49%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Todd Mission set these rates annually, and they can vary significantly across different neighborhoods. Each year, Todd Mission 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 Todd Mission's effective property tax rate to other counties in Texas and the national median. For comparison, the 77363 zip code has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with Todd Mission provides valuable insights into the varying tax landscape across Grimes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Todd Mission Tax Rate
1.49%
Average Grimes County Tax Rate
1.58%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Todd Mission, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77363 | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Todd Mission, Texas
In Todd Mission, 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 Grimes 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 Todd Mission, 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 instance, the median home price in Todd Mission is $532,520, with property tax bills at the 25th, 75th, and 90th percentiles all being $7,943. The highest and lowest median tax bills are also $7,943 in zip code 77363. 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 Todd Mission helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Todd Mission Assessed Value
$532,520
Average Grimes County Assessed Value
$49,760
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Todd Mission, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77363 | $532,520 | $532,520 | $532,520 | $532,520 | $532,520 |
Source: Ownwell
Property Tax Bills Across Todd Mission, Texas
In Todd Mission, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. In Grimes County, the median home price is $532,520, and property tax bills for homeowners typically fall around $7,943, which is significantly higher than the national median property tax rate of 0.99%. Factors such as property size, location, and market conditions are considered when determining the assessed value. Homeowners in this region face substantial tax bills, impacting their overall cost of living and financial planning. The uniformity in tax bills across different percentiles, with the 25th, 75th, and 90th percentiles all reporting $7,943, suggests a consistent application of tax rates in this area. This consistency can help homeowners anticipate their annual expenses, but the high tax rate underscores the importance of understanding local tax policies and potential exemptions.
Average Todd Mission Tax Bill
$7,943
Average Grimes County Tax Bill
$808
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Todd Mission, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77363 | $7,943 | $7,943 | $7,943 | $7,943 | $7,943 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | June 2 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Grimes Appraisal District | |
| Website | grimescad.org |