Tarkington, Texas Property Taxes
The median property tax rate in Tarkington, TX is 0.47%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Tarkington, the typical annual property tax bill amounts to $493, far below the national median of $2,690. Property taxes in Tarkington are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Tarkington'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 Tarkington 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
Tarkington, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$508
$470
$1,148
Average Tarkington, Texas Tax Savings
Ownwell’s Tarkington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tarkington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tarkington 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 Tarkington. 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 Tarkington, Texas
Property taxes in Tarkington, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tarkington is 0.47%, which is lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Tarkington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tarkington 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 Tarkington's effective property tax rate to other counties in Texas and the national median. For comparison, 77494 has the highest median property tax rate of 3.68%, while 79852 has the lowest median tax rate of 0.18%. Understanding how these cities compare with Tarkington 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 Tarkington Tax Rate
0.47%
Average Liberty County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tarkington, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Tarkington Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Tarkington, Texas
In Tarkington, 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 Tarkington, 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. For instance, property tax bills in Tarkington range significantly, with the 25th percentile at $125 and the 90th percentile reaching $1,491. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tarkington Assessed Value
$108,125
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 Tarkington, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Tarkington Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Tarkington, Texas
In Tarkington, Liberty County, TX, property tax bills are calculated based on the assessed value of a home, which is derived from the median home price of $108,125. The local tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, homeowners in the 25th percentile pay around $125, while those in the 75th percentile face bills of approximately $1,070. At the 90th percentile, the tax bill can soar to $1,491, significantly impacting household budgets. Ownwell can assist homeowners in Tarkington by appealing their property assessments and ensuring they receive all eligible exemptions. By leveraging expert knowledge and local market data, Ownwell identifies discrepancies in assessed values and works to correct them, potentially lowering tax bills. This service not only reduces financial strain but also provides peace of mind, knowing that property taxes are fair and accurate.
Average Tarkington Tax Bill
$493
Average Liberty County Tax Bill
$1,071
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Tarkington, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Tarkington 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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