Union Loop South, Texas Property Taxes
The median property tax rate in Union Loop South, TX is 1.40%, 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 Union Loop South at $104,370, the typical annual property tax bill reaches $1,460, which is below the national median of $2,690. Property taxes in Union Loop South 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 Union Loop South'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 Union Loop South 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
Union Loop South, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$1,461
$1,352
$1,148
Average Union Loop South, Texas Tax Savings
Ownwell’s Union Loop South Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Union Loop South with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Union Loop South 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 Union Loop South. 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 Liberty County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Union Loop South, Texas
Property taxes in Union Loop South, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Union Loop South is 1.40%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Union Loop South set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union Loop South 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 Union Loop South's effective property tax rate to other counties in Texas and the national median. For comparison, the highest median property tax rate in the region is in ZIP code 77575 with 2.10%, while the lowest median tax rate is in ZIP code 77327 with 1.20%. Understanding how these cities compare with Union Loop South 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 Union Loop South Tax Rate
1.40%
Average Liberty County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Union Loop South, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Union Loop South Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Union Loop South, Texas
In Union Loop South, 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 Union Loop South, 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 Union Loop South is $104,370, resulting in varying tax bills. The 25th, 75th, and 90th percentiles all have a tax bill of $1,460. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Union Loop South Assessed Value
$104,370
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 Union Loop South, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Union Loop South Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Union Loop South, Texas
In Union Loop South, Liberty County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in this area is $104,370. Property taxes here are quite significant, with the 25th, 75th, and 90th percentile tax bills all at $1,460, reflecting a consistent tax burden across different property values. This uniformity highlights the importance of ensuring your property is assessed accurately. Factors influencing your tax bill include the assessed value of your home and any applicable exemptions. An over-assessment can lead to unnecessarily high tax bills, impacting your finances. Ownwell specializes in property tax appeals and exemption services, helping homeowners challenge inaccurate assessments. By leveraging expert knowledge and local data, Ownwell can identify discrepancies and assist in filing appeals, potentially lowering your tax bill. This service not only ensures fair taxation but also provides significant savings, enhancing financial stability for homeowners in Union Loop South.
Average Union Loop South Tax Bill
$1,460
Average Liberty County Tax Bill
$1,071
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Union Loop South, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Union Loop South 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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