Splendora, Texas Property Taxes
The median property tax rate in Splendora, TX is 1.59%, higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With a median home value of $106,950 in Splendora, the typical annual property tax bill is $1,332, which is below the national median of $2,690. Property taxes in Splendora are calculated based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural use. Navigating Splendora'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 Splendora or another part of Montgomery County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Splendora, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$1,701
$1,573
$1,148
Average Splendora, Texas Tax Savings
Ownwell’s Splendora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Splendora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Splendora 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 Splendora. 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 Splendora, Texas
Property taxes in Splendora, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Splendora is 1.59%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Splendora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Splendora 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 Splendora's effective property tax rate to other counties in Texas and the national median. For comparison, the 77372 zip code has the highest median property tax rate of 1.59%, while the same zip code also has the lowest median tax rate of 1.59%. Understanding how these cities compare with Splendora provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Splendora Tax Rate
1.59%
Average Montgomery County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Splendora, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77372 | 0.36% | 0.99% | 1.59% | 2.04% | 2.39% |
Source: Ownwell
$1,148
Average Splendora Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Splendora, Texas
In Splendora, 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 Montgomery 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 Splendora, 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 Splendora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 77372 has both the highest and lowest median tax bills at $1,332. The 25th percentile tax bill is $452, while the 75th percentile tax bill is $3,351, and the 90th percentile tax bill is $5,871.
Average Splendora Assessed Value
$106,950
Average Montgomery County Assessed Value
$278,300
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Splendora, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77372 | $16,512 | $44,318 | $106,950 | $217,990 | $350,000 |
Source: Ownwell
$1,148
Average Splendora Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Splendora, Texas
In Splendora, Montgomery County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $106,950, homeowners can expect their tax bills to vary significantly. Factors such as property size, location, and improvements play a crucial role in determining the assessed value. The tax bill ranges from the 25th percentile at $452 to the 90th percentile at $5,871, with the highest median tax bill recorded at $1,332 in the 77372 zip code. These assessments can place a substantial financial burden on homeowners, especially when compared to the national median property tax rate of 0.99%. This is where Ownwell steps in to assist. By leveraging expert knowledge and local market data, Ownwell helps homeowners appeal their property assessments and secure exemptions, potentially saving them hundreds or even thousands on their annual tax bills. This professional guidance ensures homeowners only pay their fair share, easing the financial strain of property ownership.
Average Splendora Tax Bill
$1,332
Average Montgomery County Tax Bill
$4,550
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Splendora, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77372 | $141 | $452 | $1,332 | $3,351 | $5,871 |
Source: Ownwell
$1,148
Average Splendora 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 | |
|---|---|
| Montgomery Appraisal District | |
| Website | mcad-tx.org |
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