Eustace, Texas Property Taxes
The median property tax rate in Eustace, TX is 1.34%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $143,017 in Eustace, the typical annual property tax bill amounts to $1,576, falling below the national median of $2,690. Property taxes in Eustace are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Eustace's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Eustace or another part of Henderson County, gaining insight into the local property tax system is crucial for financial planning and investment strategies.
Last Updated June 14, 2024
Eustace, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$1,916
$1,773
Ownwell’s Eustace Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eustace with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eustace 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 Eustace, Texas
Property taxes in Eustace, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eustace is 1.34%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Eustace set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eustace 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 Eustace's effective property tax rate to other counties in Texas and the national median. For comparison, the 75124 zip code has the highest median property tax rate of 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these cities compare with Eustace 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 Eustace Tax Rate
1.34%
Average Henderson County Tax Rate
1.40%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eustace, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75124 | 0.28% | 0.62% | 1.34% | 2.27% | 3.91% |
Source: Ownwell
Property Tax Assessment Values Across Eustace, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Eustace, Texas. 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 Eustace, 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. Eustace's median home price is $143,017, with tax bills ranging from $418 at the 25th percentile to $9,162 at the 90th percentile. The zip code 75124 has both the highest and lowest median tax bills at $1,576. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eustace Assessed Value
$143,017
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 Eustace, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75124 | $13,701 | $47,648 | $143,017 | $361,412 | $641,541 |
Source: Ownwell
Property Tax Bills Across Eustace, Texas
In Eustace, located in Henderson County, TX, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with the median home price in Eustace being $143,017, homeowners can expect varying tax bills depending on the assessed value of their property and the applicable tax rate. Factors such as property location, improvements, and local government budgets influence the final tax bill. In Eustace, the 25th percentile tax bill is around $418, while the 75th percentile tax bill reaches up to $4,364. At the higher end, the 90th percentile tax bill can be as much as $9,162. These figures highlight the range of tax burdens homeowners may face, depending on their property's assessed value and specific circumstances. Understanding these factors helps homeowners anticipate their tax liabilities and plan accordingly, ensuring they are prepared for their annual property tax obligations.
Average Eustace Tax Bill
$1,576
Average Henderson County Tax Bill
$1,470
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Eustace, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75124 | $116 | $418 | $1,576 | $4,364 | $9,162 |
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 |