Enchanted Oaks, Texas Property Taxes
The median property tax rate in Enchanted Oaks, TX is 1.85%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Enchanted Oaks at $508,891, the typical annual property tax bill reaches $10,101, far exceeding the national median of $2,690. Property taxes in Enchanted Oaks 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 Enchanted Oaks' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Enchanted Oaks 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
Enchanted Oaks, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.85%
Estimate Property Tax Bill
$9,414
$8,711
Ownwell’s Enchanted Oaks Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Enchanted Oaks with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Enchanted Oaks 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 Enchanted Oaks, Texas
Property taxes in Enchanted Oaks, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Enchanted Oaks is 1.85%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Enchanted Oaks set these rates annually, and they can vary significantly across different neighborhoods. Each year, Enchanted Oaks 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 Enchanted Oaks' effective property tax rate to other counties in Texas and the national median. For comparison, the 75156 zip code has the highest median property tax rate of 1.85%, while the 75156 zip code has the lowest median tax rate of 1.85%. Understanding how these cities compare with Enchanted Oaks provides valuable insights into the varying tax landscape across Henderson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Enchanted Oaks Tax Rate
1.85%
Average Henderson County Tax Rate
1.40%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Enchanted Oaks, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75156 | 0.80% | 1.28% | 1.85% | 3.31% | 4.31% |
Source: Ownwell
Property Tax Assessment Values Across Enchanted Oaks, Texas
In Enchanted Oaks, 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 Henderson 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 Enchanted Oaks, 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 Enchanted Oaks helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $508,891. The highest and lowest median tax bills are both $10,101 in zip code 75156, with the 25th percentile tax bill at $5,370 and the 75th percentile at $18,050.
Average Enchanted Oaks Assessed Value
$508,891
Average Henderson County Assessed Value
$139,776
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Enchanted Oaks, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75156 | $234,375 | $361,055 | $508,891 | $716,552 | $1,094,293 |
Source: Ownwell
Property Tax Bills Across Enchanted Oaks, Texas
In Enchanted Oaks, property tax bills are calculated based on the assessed value of a home, which is determined by the Henderson County Appraisal District. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Multiple factors influence the final tax bill, including the home's market value, any applicable exemptions, and the specific tax rates set by various local taxing entities such as school districts and municipal services. For homeowners in Enchanted Oaks, the property tax burden can vary significantly. The 25th percentile tax bill is around $5,370, while the 75th percentile reaches up to $18,050. The top 10% of homeowners face tax bills as high as $26,612. The median home price in the area is $508,891, which results in a substantial property tax obligation. Compared to the national median property tax rate of 0.99%, the tax rates in Enchanted Oaks can lead to higher tax bills, impacting homeowners' financial planning and overall cost of living.
Average Enchanted Oaks Tax Bill
$10,101
Average Henderson County Tax Bill
$1,470
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Enchanted Oaks, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75156 | $2,585 | $5,370 | $10,101 | $18,050 | $26,612 |
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 | |
|---|---|
| Henderson Appraisal District | |
| Website | esearch.henderson-cad.org |