Elmaton, Texas Property Taxes
The median property tax rate in Elmaton, TX is 0.67%, significantly lower than both the national median of 0.99% and Texas's state median of 1.67%. With a median home value of $206,750 in Elmaton, the typical annual property tax bill amounts to $1,525, which is well below the national median of $2,690. Property taxes in Elmaton are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Elmaton'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 Elmaton or another part of Matagorda County, being knowledgeable about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Elmaton, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Elmaton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elmaton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elmaton to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Elmaton, Texas
Property taxes in Elmaton, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elmaton is 0.67%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Elmaton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elmaton 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 Elmaton's effective property tax rate to other counties in Texas and the national median. For comparison, the 77440 zip code has both the highest and the lowest median property tax rate of 0.67%. Understanding how these cities compare with Elmaton provides valuable insights into the varying tax landscape across Matagorda County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elmaton Tax Rate
0.67%
Average Matagorda County Tax Rate
1.53%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elmaton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77440 | 0.25% | 0.37% | 0.67% | 0.99% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Elmaton, Texas
In Elmaton, 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 Matagorda 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 Elmaton, 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 Elmaton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,525, found in zip code 77440.
Average Elmaton Assessed Value
$206,750
Average Matagorda County Assessed Value
$130,525
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elmaton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77440 | $76,088 | $114,632 | $206,750 | $319,735 | $475,014 |
Source: Ownwell
Property Tax Bills Across Elmaton, Texas
In Elmaton, located in Matagorda County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the property's market value. Homeowners in Elmaton face a median home price of $206,750, and the property tax rate is applied to this assessed value to calculate the tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For instance, the 25th percentile tax bill in Elmaton is around $541, while the 75th percentile reaches up to $2,477, and the 90th percentile can be as high as $2,944. These variations highlight how different property characteristics and exemptions can significantly impact the amount owed. Compared to the national median property tax rate of 0.99%, the tax bills in Elmaton can vary widely, affecting homeowners differently based on their property's assessed value and the specific tax rate applied in their locality.
Average Elmaton Tax Bill
$1,525
Average Matagorda County Tax Bill
$1,664
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Elmaton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77440 | $317 | $541 | $1,525 | $2,477 | $2,944 |
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 | |
|---|---|
| Matagorda Appraisal District | |
| Website | propaccess.trueautomation.com |