Springtown, Texas Property Taxes
The median property tax rate in Springtown, TX is 1.42%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $269,790 in Springtown, the typical annual property tax bill reaches $3,826, surpassing the national median of $2,690. Property taxes in Springtown are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Springtown'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 Springtown or another part of Parker County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Springtown, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$3,831
$3,545
$1,148
Average Springtown, Texas Tax Savings
Ownwell’s Springtown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Springtown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Springtown 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 Springtown. 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 Springtown, Texas
Property taxes in Springtown, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Springtown is 1.42%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Springtown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Springtown 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 Springtown's effective property tax rate to other counties in Texas and the national median. For comparison, the 76082 zip code has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Springtown provides valuable insights into the varying tax landscape across Parker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Springtown Tax Rate
1.42%
Average Parker County Tax Rate
1.54%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Springtown, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76082 | 0.78% | 1.12% | 1.42% | 1.54% | 1.88% |
Source: Ownwell
$1,148
Average Springtown Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Springtown, Texas
In Springtown, 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 Parker 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 Springtown, 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. The median home price in Springtown is $269,790, with tax bills varying significantly. For instance, tax bills in the 25th percentile are around $1,999, while those in the 75th percentile reach about $5,586. The zip code 76082 has the highest and lowest median tax bill, both at $3,826. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Springtown Assessed Value
$269,790
Average Parker County Assessed Value
$335,640
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Springtown, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76082 | $93,374 | $176,940 | $269,790 | $412,200 | $518,500 |
Source: Ownwell
$1,148
Average Springtown Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Springtown, Texas
In Springtown, Parker 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 Springtown face a median property tax bill of $3,826, which is significantly higher than the national median property tax rate of 0.99%. Factors such as property location, home size, and market conditions influence the assessed value, ultimately affecting the tax bill. For homeowners, high property taxes can be a financial burden. Ownwell offers expert property tax appeal and exemption services to help reduce these costs. By analyzing your property's assessed value and comparing it with market data, Ownwell identifies discrepancies and files an appeal on your behalf. This process can lead to substantial savings, easing the financial strain on homeowners. Trust Ownwell to advocate for a fair property tax assessment and help you keep more of your hard-earned money.
Average Springtown Tax Bill
$3,826
Average Parker County Tax Bill
$4,986
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Springtown, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76082 | $976 | $1,999 | $3,826 | $5,586 | $6,913 |
Source: Ownwell
$1,148
Average Springtown 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 | |
|---|---|
| Parker Appraisal District | |
| Website | iswdataclient.azurewebsites.net |
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