Kaufman, Texas Property Taxes
The median property tax rate in Kaufman, TX is 1.33%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Kaufman at $191,402, the typical annual property tax bill reaches $2,298, which is below the national median of $2,690. Property taxes in Kaufman 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 Kaufman’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 Kaufman 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
Kaufman, 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 Kaufman, Texas Tax Savings
Ownwell’s Kaufman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kaufman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kaufman 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 Kaufman. 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 Kaufman, Texas
Property taxes in Kaufman, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kaufman is 1.33%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Kaufman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kaufman 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 Kaufman's effective property tax rate to other counties in Texas and the national median. For comparison, the 75142 zip code has the highest median property tax rate of 1.33%, while the 75142 zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Kaufman provides valuable insights into the varying tax landscape across Kaufman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kaufman Tax Rate
1.33%
Average Kaufman County Tax Rate
1.74%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kaufman, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75142 | 0.32% | 0.72% | 1.33% | 1.85% | 2.35% |
Source: Ownwell
$1,148
Average Kaufman Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Kaufman, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kaufman, 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 Kaufman 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 Kaufman, 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. The median home price in Kaufman is $191,402. The tax bills vary significantly, with the 25th percentile at $788 and the 75th percentile at $4,155. The highest median tax bill is $2,298 in the 75142 zip code, which also has the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions, effectively managing their tax burden.
Average Kaufman Assessed Value
$191,402
Average Kaufman County Assessed Value
$308,491
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kaufman, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75142 | $33,148 | $100,000 | $191,402 | $279,788 | $414,477 |
Source: Ownwell
$1,148
Average Kaufman Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Kaufman, Texas
In Kaufman, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The tax rate is then applied to this assessed value to calculate the final tax bill. Various factors, such as the median home price of $191,402, influence the assessed value. Homeowners in Kaufman can expect tax bills ranging from $788 at the 25th percentile to $5,977 at the 90th percentile. The highest median tax bill in the area is $2,298, found in the 75142 zip code. These property taxes can significantly impact homeowners, making it essential to ensure that assessments are accurate. Ownwell helps homeowners save on their property tax bills by providing expert property tax appeal and exemption services. By reviewing assessments and identifying discrepancies, Ownwell can help reduce the tax burden, ensuring homeowners only pay their fair share. This service can be particularly valuable in areas like Kaufman, where tax bills can vary widely.
Average Kaufman Tax Bill
$2,298
Average Kaufman County Tax Bill
$5,156
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Kaufman, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75142 | $226 | $788 | $2,298 | $4,155 | $5,977 |
Source: Ownwell
$1,148
Average Kaufman Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Kaufman Appraisal District | |
| Website | esearch.kaufman-cad.org |
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