Prairie Hill, Texas Property Taxes
The median property tax rate in Prairie Hill, TX is 0.66%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Prairie Hill, the typical annual property tax bill reaches $579, significantly below the national median of $2,690. Property taxes in Prairie Hill 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 Prairie Hill'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 Prairie Hill or another part of Limestone County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Prairie Hill, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$670
$620
Ownwell’s Prairie Hill Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Prairie Hill with just two key data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Prairie Hill to provide a clear estimate of your property tax bill. This valuable tool offers a straightforward way to understand your potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Limestone County, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Prairie Hill, Texas
Property taxes in Prairie Hill, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Prairie Hill is 0.66%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Prairie Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Prairie Hill 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 Prairie Hill's effective property tax rate to other counties in Texas and the national median. For comparison, the 76678 zip code has both the highest and lowest median property tax rate of 0.66%. Understanding how these cities compare with Prairie Hill provides valuable insights into the varying tax landscape across Limestone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Prairie Hill Tax Rate
0.66%
Average Limestone County Tax Rate
1.05%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Prairie Hill, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76678 | 0.24% | 0.31% | 0.66% | 1.00% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Prairie Hill, Texas
In Prairie Hill, Texas, understanding the difference between "market value" and "assessed value" is essential 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 Limestone 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 Prairie Hill, 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 Prairie Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $101,535, with tax bills ranging significantly, from the 25th percentile at $200 to the 90th percentile at $2,062.
Average Prairie Hill Assessed Value
$101,535
Average Limestone County Assessed Value
$107,545
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Prairie Hill, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76678 | $26,685 | $53,745 | $101,535 | $186,262 | $412,585 |
Source: Ownwell
Property Tax Bills Across Prairie Hill, Texas
In Prairie Hill, Limestone County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rates. The assessed value is determined by the county appraisal district, which evaluates the market value of a property. Once the market value is established, the local tax rate is applied to calculate the tax bill. In Prairie Hill, the median home price is $101,535, and property taxes can vary significantly. For instance, tax bills range from the 25th percentile at $200 to the 90th percentile at $2,062, with the 75th percentile at $1,261. These tax bills are influenced by various factors, including property size, location, and any applicable exemptions. The highest and lowest median tax bills in the area are both $579, indicating a relatively uniform tax rate across different properties. Compared to the national median property tax rate of 0.99%, homeowners in Prairie Hill may experience varying financial impacts, depending on their property's assessed value and specific circumstances.
Average Prairie Hill Tax Bill
$579
Average Limestone County Tax Bill
$971
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Prairie Hill, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76678 | $117 | $200 | $579 | $1,261 | $2,062 |
Source: 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 | |
|---|---|
| Limestone Appraisal District | |
| Website | esearch.limestonecad.com |