Forest Break Mhp, Texas Property Taxes
The median property tax rate in Forest Break MHP, TX is 0.44%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $59,180 in Forest Break MHP, the typical annual property tax bill is $257, well below the national median of $2,690. Property taxes in Forest Break MHP 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. Understanding Forest Break MHP'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 Forest Break MHP or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Forest Break Mhp, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$260
$241
$1,148
Average Forest Break Mhp, Texas Tax Savings
Ownwell’s FOREST BREAK MHP Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FOREST BREAK MHP with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FOREST BREAK MHP 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 FOREST BREAK MHP. 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 Forest Break Mhp, Texas
Property taxes in Forest Break MHP, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Forest Break MHP is 1.55%, significantly higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Forest Break MHP set these rates annually, and they can vary significantly across different neighborhoods. Each year, Forest Break MHP 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 Forest Break MHP's effective property tax rate to other counties in Texas and the national median. For comparison, the 77407 zip code has the highest median property tax rate of 2.51%, while the 79854 zip code has the lowest median tax rate of 0.31%. Understanding how these cities compare with Forest Break MHP 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 Forest Break Mhp Tax Rate
0.44%
Average Liberty County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Forest Break Mhp, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Forest Break Mhp Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Forest Break Mhp, Texas
In Forest Break MHP, 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 Forest Break MHP, 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 Forest Break MHP helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in this area is $59,180, with tax bills ranging from $247 at the 25th percentile to $588 at the 90th percentile.
Average Forest Break Mhp Assessed Value
$59,180
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 Forest Break Mhp, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Forest Break Mhp Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Forest Break Mhp, Texas
In Forest Break MHP, Liberty County, TX, property tax bills are determined based on the assessed value of the home. With a median home price of $59,180, homeowners in this area face varying tax bills. The 25th percentile tax bill is $247, while the 75th percentile reaches $420, and the 90th percentile is $588. These figures are influenced by local tax rates and the assessed value of the property, which can differ significantly from the market value. Homeowners in Forest Break MHP may find their tax bills burdensome, especially when compared to the national median property tax rate of 0.99%. This discrepancy can lead to financial strain. Ownwell offers valuable services to help homeowners in this region reduce their property tax bills. By providing expert property tax appeal and exemption services, Ownwell ensures that your property is accurately assessed, potentially lowering your tax obligations. This can result in substantial savings and alleviate the financial pressure on homeowners.
Average Forest Break Mhp Tax Bill
$257
Average Liberty County Tax Bill
$1,071
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Forest Break Mhp, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Forest Break Mhp 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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