Naples, Texas Property Taxes
The median property tax rate in Naples, TX is 2.04%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Naples at $87,760, the typical annual property tax bill reaches $1,602, exceeding the national median of $2,690. Property taxes in Naples 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 Naples'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 Naples 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
Naples, 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 Naples Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Naples with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Naples 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 Naples, Texas
Property taxes in Naples, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Naples is 2.04%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Naples set these rates annually, and they can vary significantly across different neighborhoods. Each year, Naples 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 Naples's effective property tax rate to other counties in Texas and the national median. For comparison, the 75568 zip code has the highest median property tax rate of 2.04%, while the same zip code also has the lowest median tax rate of 2.04%. Understanding how these cities compare with Naples provides valuable insights into the varying tax landscape across Morris County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Naples Tax Rate
2.04%
Average Morris County Tax Rate
1.82%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Naples, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75568 | 1.57% | 1.57% | 2.04% | 2.04% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Naples, Texas
In Naples, 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 Morris 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 Naples, 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, the median home price in Naples is $87,760, with tax bills ranging from $799 at the 25th percentile to $3,768 at the 90th percentile. The zip code 75568 has both the highest and lowest median tax bill, valued at $1,602. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Naples Assessed Value
$87,760
Average Morris County Assessed Value
$87,670
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Naples, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75568 | $23,086 | $45,550 | $87,760 | $151,850 | $231,568 |
Source: Ownwell
Property Tax Bills Across Naples, Texas
In Naples, TX, located in Morris County, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. Factors such as the property's market value, improvements, and neighborhood characteristics are taken into consideration. Homeowners in Naples face varying tax bills, with the 25th percentile paying around $799 and the 75th percentile paying up to $2,655 annually. For those in the 90th percentile, tax bills can reach as high as $3,768. The median home price in Naples is $87,760, and the property tax rate in Morris County is relatively high compared to the national median of 0.99%. This can significantly impact homeowners, as higher property taxes can affect overall affordability and long-term financial planning. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances more effectively.
Average Naples Tax Bill
$1,602
Average Morris County Tax Bill
$1,437
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Naples, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75568 | $385 | $799 | $1,602 | $2,655 | $3,768 |
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 | |
|---|---|
| Morris Appraisal District | |
| Website | search.morriscad.com |