Carlton, Texas Property Taxes
The median property tax rate in Carlton, TX is 1.05%, which is slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $143,545 in Carlton, the typical annual property tax bill amounts to $1,097, which is below the national median of $2,690. Property taxes in Carlton are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Carlton'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 Carlton or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carlton, 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 Carlton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carlton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carlton 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 Carlton, Texas
Property taxes in Carlton, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carlton is 1.05%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Carlton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carlton 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 Carlton's effective property tax rate to other counties in Texas and the national median. For comparison, the 76436 zip code has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Carlton provides valuable insights into the varying tax landscape across Hamilton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carlton Tax Rate
1.05%
Average Hamilton County Tax Rate
1.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carlton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76436 | 0.23% | 0.51% | 1.05% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Carlton, Texas
In Carlton, 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 Hamilton 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 Carlton, 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 Carlton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 76436, with a median tax bill of $1,097. The same zip code also has the lowest median tax bill, reflecting a consistent tax environment across the area.
Average Carlton Assessed Value
$143,545
Average Hamilton County Assessed Value
$161,420
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carlton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76436 | $27,939 | $67,980 | $143,545 | $243,878 | $406,910 |
Source: Ownwell
Property Tax Bills Across Carlton, Texas
In Carlton, Texas, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Carlton is $143,545, which serves as a baseline for determining tax obligations. The local property tax rate is applied to this assessed value to calculate the annual tax bill. For instance, homeowners in the 25th percentile can expect a tax bill of around $585, while those in the 75th percentile may see bills as high as $2,021. At the 90th percentile, tax bills can reach up to $2,774. Several factors influence these calculations, including changes in property values and local government budgets. Higher property values typically result in higher tax bills, impacting homeowners' annual financial planning. Compared to the national median property tax rate of 0.99%, Carlton's tax rates reflect the local economic conditions and funding needs. Understanding these factors helps homeowners anticipate their property tax responsibilities and manage their finances more effectively.
Average Carlton Tax Bill
$1,097
Average Hamilton County Tax Bill
$1,640
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Carlton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76436 | $285 | $585 | $1,097 | $2,021 | $2,774 |
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 | |
|---|---|
| Hamilton Appraisal District | |
| Website | propaccess.trueautomation.com |