Sudan, Texas Property Taxes
The median property tax rate in Sudan, TX is 1.99%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Sudan, the typical annual property tax bill reaches $702, which is significantly lower than the national median of $2,690. Property taxes in Sudan 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 Sudan'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 Sudan or another part of Lamb County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sudan, 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 Sudan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sudan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sudan 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 Sudan, Texas
Property taxes in Sudan, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sudan is 1.99%, which is notably higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Sudan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sudan 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. For comparison, the zip code 79371 has the highest median property tax rate of 1.99%, while the same zip code also has the lowest median tax rate of 1.99%. Understanding how these figures compare with Sudan provides valuable insights into the varying tax landscape across Lamb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sudan Tax Rate
1.99%
Average Lamb County Tax Rate
2.05%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sudan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79371 | 1.09% | 1.64% | 1.99% | 2.63% | 2.87% |
Source: Ownwell
Property Tax Assessment Values Across Sudan, Texas
In Sudan, 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 Lamb 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 Sudan, 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 Sudan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Sudan are both $702.00, found in the zip code 79371.
Average Sudan Assessed Value
$39,130
Average Lamb County Assessed Value
$37,240
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sudan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79371 | $3,846 | $13,400 | $39,130 | $89,020 | $140,304 |
Source: Ownwell
Property Tax Bills Across Sudan, Texas
Property tax bills in Sudan, located in Lamb County, TX, are calculated based on the assessed value of a property. This value is determined by the county's appraisal district, which evaluates the market value of homes annually. The tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners in Sudan, the median home price is $39,130, with property tax bills ranging significantly. At the 25th percentile, the tax bill is approximately $269, while at the 75th percentile, it rises to about $1,513. The highest tax bills, at the 90th percentile, can reach up to $2,766. This variability can impact homeowners differently, depending on the value of their property and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, homeowners in Sudan may experience lower or higher tax bills, affecting their overall financial planning and homeownership costs.
Average Sudan Tax Bill
$702
Average Lamb County Tax Bill
$638
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Sudan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79371 | $94 | $269 | $702 | $1,513 | $2,766 |
Source: Ownwell