Selma, Texas Property Taxes
The median property tax rate in Selma, TX is 1.54%, which is considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Selma at $377,313, the typical annual property tax bill reaches $5,776, far exceeding the national median of $2,690. Property taxes in Selma 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 Selma'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 Selma 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
Selma, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$5,811
$5,376
$1,148
Average Selma, Texas Tax Savings
Ownwell’s Selma Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Selma with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Selma to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Selma. 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 Selma, Texas
Property taxes in Selma, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Selma is 1.54%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Selma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Selma 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 Selma's effective property tax rate to other counties in Texas and the national median. For comparison, the 78154 zip code has the highest median property tax rate of 1.54%, while the same zip code also has the lowest median tax rate of 1.54%. Understanding how these cities compare with Selma provides valuable insights into the varying tax landscape across Guadalupe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Selma Tax Rate
1.54%
Average Guadalupe County Tax Rate
1.69%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Selma, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78154 | 1.39% | 1.49% | 1.54% | 1.65% | 1.65% |
Source: Ownwell
$1,148
Average Selma Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Selma, Texas
In Selma, 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 Guadalupe 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 Selma, 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 Selma helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median tax bill in the 78154 zip code stands at $5,776, reflecting the region's property tax landscape.
Average Selma Assessed Value
$377,313
Average Guadalupe County Assessed Value
$288,797
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Selma, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78154 | $224,450 | $295,338 | $377,313 | $424,763 | $457,794 |
Source: Ownwell
$1,148
Average Selma Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Selma, Texas
Property tax bills in Selma, located in Guadalupe County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the home. Homeowners in Selma face a median property tax bill of $5,776, which is significantly higher than the national median property tax rate of 0.99%. Factors such as property size, improvements, and location within the county can influence the assessed value and, consequently, the tax bill. Homeowners can feel the financial strain, especially when their tax bills fall within the 75th percentile at $6,533 or the 90th percentile at $7,233. Ownwell offers essential services to help homeowners reduce their property tax bills. By providing expert property tax appeal and exemption services, Ownwell ensures that homeowners are not overpaying. Our team reviews property assessments for inaccuracies and files appeals on behalf of homeowners, potentially saving them hundreds or even thousands of dollars annually.
Average Selma Tax Bill
$5,776
Average Guadalupe County Tax Bill
$4,783
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Selma, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78154 | $3,436 | $4,527 | $5,776 | $6,533 | $7,233 |
Source: Ownwell
$1,148
Average Selma Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Guadalupe Appraisal District | |
| Website | esearch.guadalupead.org |
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