Jonesboro, Texas Property Taxes
The median property tax rate in Jonesboro, TX is 1.10%, 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 $197,160 in Jonesboro, the typical annual property tax bill amounts to $1,727, which is below the national median of $2,690. Property taxes in Jonesboro are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Jonesboro'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 Jonesboro or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jonesboro, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$2,169
$2,007
Ownwell’s Jonesboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jonesboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jonesboro 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 Jonesboro, Texas
Property taxes in Jonesboro, Texas, are essential for funding critical local services like public schools, road maintenance, and emergency services. The median tax rate in Jonesboro is 1.10%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Jonesboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jonesboro 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 Jonesboro's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 76538 has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Jonesboro 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 Jonesboro Tax Rate
1.10%
Average Hamilton County Tax Rate
1.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jonesboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76538 | 0.20% | 0.56% | 1.10% | 1.38% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Jonesboro, Texas
In Jonesboro, 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 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 Jonesboro, 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 Jonesboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Jonesboro is $197,160, with tax bills ranging from $1,087 at the 25th percentile to $4,126 at the 90th percentile. Notably, the zip code 76538 has both the highest and lowest median tax bill at $1,727.
Average Jonesboro Assessed Value
$197,160
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 Jonesboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76538 | $71,010 | $111,470 | $197,160 | $474,850 | $880,144 |
Source: Ownwell
Property Tax Bills Across Jonesboro, Texas
In Jonesboro, property tax bills are calculated based on the assessed value of a home, which is determined by the Hamilton County appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. This rate can vary depending on the specific taxing jurisdictions within the county, such as school districts and municipal services. Several factors influence the assessed value, including the market value of the property, any improvements made, and comparable sales in the area. For example, the median home price in Jonesboro is $197,160. Homeowners at the 25th percentile can expect a tax bill of around $1,087, while those at the 75th percentile might see a bill closer to $2,849. At the 90th percentile, the tax bill can reach up to $4,126. These property taxes fund essential community services like education, infrastructure, and emergency services. While the national median property tax rate is 0.99%, local rates in Jonesboro may differ, impacting homeowners' annual financial planning.
Average Jonesboro Tax Bill
$1,727
Average Hamilton County Tax Bill
$1,640
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Jonesboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76538 | $687 | $1,087 | $1,727 | $2,849 | $4,126 |
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 |