Crosby, Texas Property Taxes
The median property tax rate in Crosby, TX is 1.77%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $32,530 in Crosby, the typical annual property tax bill amounts to $682, which is notably lower than the national median of $2,690. Property taxes in Crosby are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Crosby's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Crosby or another part of Liberty County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crosby, 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 Crosby, Texas Tax Savings
Ownwell’s Crosby Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crosby with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crosby 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 Crosby. 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 Crosby, Texas
Property taxes in Crosby, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crosby is 1.77%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Crosby set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crosby 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 Crosby's effective property tax rate to other counties in Texas and the national median. For comparison, the 77532 zip code has the highest median property tax rate of 1.77%, while the 77532 zip code also has the lowest median tax rate of 1.77%. Understanding how these cities compare with Crosby provides valuable insights into the varying tax landscape across Liberty County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crosby Tax Rate
1.77%
Average Liberty County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crosby, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77532 | 0.30% | 0.65% | 1.77% | 2.12% | 2.19% |
Source: Ownwell
$1,148
Average Crosby Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Crosby, Texas
In Crosby, 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 Liberty 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 Crosby, 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. For instance, the median home price in Crosby is $32,530, with tax bills ranging from $463 at the 25th percentile to $1,741 at the 90th percentile. The highest and lowest median tax bill is $682 in the 77532 zip code. 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 Crosby helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Crosby Assessed Value
$32,530
Average Liberty County Assessed Value
$88,865
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crosby, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77532 | $12,090 | $22,165 | $32,530 | $124,715 | $174,282 |
Source: Ownwell
$1,148
Average Crosby Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Crosby, Texas
In Crosby, located in Liberty County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $32,530, homeowners can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $463, while the 75th percentile reaches $748. At the 90th percentile, the tax bill can soar to $1,741. These variations are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Crosby's tax rates can have a notable impact on homeowners' finances. This is where Ownwell steps in to assist. By leveraging our expertise in property tax appeals and exemptions, we help homeowners navigate the complexities of the tax system, ensuring they pay only their fair share. Our tailored approach often results in significant savings, providing much-needed financial relief.
Average Crosby Tax Bill
$682
Average Liberty County Tax Bill
$1,071
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Crosby, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77532 | $152 | $463 | $682 | $748 | $1,741 |
Source: Ownwell
$1,148
Average Crosby 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 | |
|---|---|
| Liberty Appraisal District | |
| Website | esearch.libertycad.com |
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