Ackerly, Texas Property Taxes
The median property tax rate in Ackerly, TX is 1.23%, 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 $172,137 in Ackerly, the typical annual property tax bill amounts to $1,764, which is below the national median of $2,690. Property taxes in Ackerly are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Ackerly'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 Ackerly or another part of the city, a thorough grasp of the local property tax system will be beneficial.
Last Updated June 14, 2024
Ackerly, 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 Ackerly Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ackerly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ackerly to provide an estimated property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, more localized information is available below. Your property’s assessed value is the value assigned by Howard County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ackerly, Texas
Property taxes in Ackerly, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ackerly is 1.23%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Ackerly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ackerly 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 Ackerly's effective property tax rate to other counties in Texas and the national median. For comparison, the 79713 zip code has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Ackerly provides valuable insights into the varying tax landscape across Howard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ackerly Tax Rate
1.23%
Average Howard County Tax Rate
1.56%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ackerly, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79713 | 0.52% | 0.74% | 1.23% | 1.29% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Ackerly, Texas
In Ackerly, 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 Howard 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 Ackerly, 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 Ackerly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 79713 has the highest and lowest median tax bill at $1,764, highlighting the importance of understanding these values.
Average Ackerly Assessed Value
$172,137
Average Howard County Assessed Value
$107,910
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ackerly, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79713 | $22,632 | $130,380 | $172,137 | $376,719 | $512,204 |
Source: Ownwell
Property Tax Bills Across Ackerly, Texas
Property tax bills in Ackerly, located in Howard County, TX, are calculated based on the assessed value of the property. This valuation is determined by the local tax assessor and reflects the market value of the property. The tax rate, applied to this assessed value, is set by local taxing authorities and can vary depending on the needs of the community and the services provided. For homeowners in Ackerly, the median home price is $172,137, which influences the overall tax bill. Factors such as property size, location, and any improvements made can affect the assessed value. In Ackerly, the tax bill at the 25th percentile is $1,111, while at the 75th percentile, it rises to $2,497. For the top 10% of properties, the tax bill can reach up to $6,017. Compared to the national median property tax rate of 0.99%, these figures indicate a significant range in tax obligations, impacting homeowners differently based on their property's assessed value.
Average Ackerly Tax Bill
$1,764
Average Howard County Tax Bill
$1,431
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ackerly, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79713 | $216 | $1,111 | $1,764 | $2,497 | $6,017 |
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 | |
|---|---|
| Howard Appraisal District | |
| Website | esearch.howardcad.org |