Fort Monmouth, Texas Property Taxes
The median property tax rate in Fort Monmouth, TX is 2.06%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Fort Monmouth at $5,490, the typical annual property tax bill reaches $113, which, while lower in absolute terms, still represents a substantial burden relative to property values. Property taxes in Fort Monmouth are calculated based on the tax assessed value, which generally falls below market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fort Monmouth'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 Fort Monmouth 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
Fort Monmouth, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Fort Monmouth, Texas Tax Savings
Ownwell’s FORT MONMOUTH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FORT MONMOUTH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FORT MONMOUTH 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 FORT MONMOUTH. 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 Fort Monmouth, Texas
Property taxes in Fort Monmouth, Texas, play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Fort Monmouth stands at 2.06%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Fort Monmouth set these rates annually, and they can vary considerably across different neighborhoods. Each year, Fort Monmouth 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 Fort Monmouth's effective property tax rate to other counties in Texas and the national median. For comparison, the 07703 zip code has the highest median property tax rate of 2.06%, while the same zip code also has the lowest median tax rate of 2.06%. Understanding how these cities compare with Fort Monmouth provides valuable insights into the varying tax landscape across Harris County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Monmouth Tax Rate
2.06%
Average Harris County Tax Rate
1.78%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Monmouth, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07703 | 2.06% | 2.06% | 2.06% | 2.06% | 2.06% |
Source: Ownwell
$1,148
Average Fort Monmouth Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Fort Monmouth, Texas
In Fort Monmouth, 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 Harris 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 Fort Monmouth, 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. For instance, the highest and lowest median tax bills in Fort Monmouth are both $113, found in zip code 07703. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fort Monmouth Assessed Value
$5,490
Average Harris County Assessed Value
$240,543
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Monmouth, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07703 | $5,490 | $5,490 | $5,490 | $5,490 | $5,490 |
Source: Ownwell
$1,148
Average Fort Monmouth Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Fort Monmouth, Texas
In Fort Monmouth, Harris County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $5,490, homeowners in Fort Monmouth can expect a tax bill around $113, which is consistent across different percentiles, indicating a stable tax environment. Several factors influence the assessed value, including property size, location, and market conditions. Homeowners in Fort Monmouth, TX, face the challenge of ensuring their property is not over-assessed, which could lead to higher tax bills. Ownwell assists homeowners by providing expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell can help reduce the assessed value, leading to significant savings on property tax bills. With a deep understanding of local tax regulations and a dedicated team, Ownwell ensures homeowners pay only their fair share.
Average Fort Monmouth Tax Bill
$113
Average Harris County Tax Bill
$4,078
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Monmouth, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 07703 | $113 | $113 | $113 | $113 | $113 |
Source: Ownwell
$1,148
Average Fort Monmouth Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 20 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Harris Appraisal District | |
| Phone | (713) 957-7800 |
| Website | hcad.org |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.