Cleburne, Texas Property Taxes
The median property tax rate in Cleburne, TX is 1.15%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $463,510 in Cleburne, the typical annual property tax bill amounts to $4,890, which surpasses the national median of $2,690. Property taxes in Cleburne are calculated based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural land. Understanding Cleburne'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 Cleburne 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
Cleburne, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$5,330
$4,932
Ownwell’s Cleburne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cleburne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cleburne 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 Cleburne, Texas
Property taxes in Cleburne, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cleburne is 1.15%, higher than both the Texas state median of 1.10% and the U.S. national median of 0.99%. Local government entities within Cleburne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cleburne 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 Cleburne's effective property tax rate to other counties in Texas and the national median. For comparison, the 76031 zip code has the highest median property tax rate of 1.20%, while the 76033 zip code has the lowest median tax rate of 1.14%. Understanding how these cities compare with Cleburne provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cleburne Tax Rate
1.15%
Average Somervell County Tax Rate
1.34%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cleburne, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76031 | 0.42% | 0.89% | 1.20% | 1.27% | 1.30% |
| 76033 | 0.31% | 0.68% | 1.14% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Cleburne, Texas
In Cleburne, 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 Somervell 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 Cleburne, 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 highest median tax bill in Cleburne is $6,824 in the 76031 zip code, while the lowest is $4,648 in the 76033 zip code. Being aware of these valuation processes in Cleburne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cleburne Assessed Value
$463,510
Average Somervell County Assessed Value
$301,475
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cleburne, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76031 | $520,089 | $609,202 | $695,900 | $1,413,438 | $2,638,063 |
| 76033 | $83,378 | $261,490 | $434,740 | $651,920 | $1,197,780 |
Source: Ownwell
Property Tax Bills Across Cleburne, Texas
Property tax bills in Cleburne, located in Somervell County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of the property. Homeowners in Cleburne can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $2,318, while the 75th percentile reaches $7,052, and the 90th percentile can go up to $8,854. Several factors influence these tax bills, including property size, location, and any applicable exemptions. The highest median tax bill in the area is $6,824 in the 76031 zip code, whereas the lowest median tax bill is $4,648 in the 76033 zip code. Compared to the national median property tax rate of 0.99%, homeowners in Cleburne might find their tax rates to be relatively high, impacting their overall housing costs and financial planning.
Average Cleburne Tax Bill
$4,890
Average Somervell County Tax Bill
$3,715
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cleburne, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76031 | $4,526 | $5,519 | $6,824 | $7,989 | $8,729 |
| 76033 | $1,411 | $2,233 | $4,648 | $6,676 | $8,772 |
Source: Ownwell