Tye, Texas Property Taxes
The median property tax rate in Tye, TX is 2.01%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Tye, the typical annual property tax bill reaches $562, which is significantly lower than the national median of $2,690. Property taxes in Tye 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 Tye'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 Tye 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
Tye, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Tye, Texas Tax Savings
Ownwell’s Tye Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tye with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tye 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 Tye. 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 Tye, Texas
Property taxes in Tye, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tye is 2.01%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Tye set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tye 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 Tye's effective property tax rate to other counties in Texas and the national median. For comparison, the 79563 zip code has the highest median property tax rate of 2.01%, while the same zip code also has the lowest median tax rate of 2.01%. Understanding how these cities compare with Tye provides valuable insights into the varying tax landscape across Taylor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tye Tax Rate
2.01%
Average Taylor County Tax Rate
2.16%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tye, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79563 | 1.01% | 1.86% | 2.01% | 2.01% | 2.01% |
Source: Ownwell
$1,148
Average Tye Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Tye, Texas
In Tye, 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 Taylor 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 Tye, 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. The median home price in Tye is $32,782, with tax bills ranging from $219 at the 25th percentile to $2,015 at the 90th percentile. The highest and lowest median tax bill in Tye is $562, found in the 79563 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tye Assessed Value
$32,782
Average Taylor County Assessed Value
$148,796
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tye, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79563 | $4,387 | $14,604 | $32,782 | $68,151 | $115,210 |
Source: Ownwell
$1,148
Average Tye Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Tye, Texas
In Tye, Taylor County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Tye is $32,782, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, market conditions, and neighborhood assessments can influence the assessed value. Homeowners in Tye can expect tax bills ranging from $219 at the 25th percentile to $2,015 at the 90th percentile, with the highest and lowest median tax bills both recorded at $562 in the 79563 zip code. Homeowners often find these taxes burdensome, but Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell ensures that your property is fairly assessed, potentially lowering your tax bill. Our team of professionals works diligently to identify discrepancies and file appeals, helping you save significantly on your property taxes. Trust Ownwell to manage your property tax concerns and keep your expenses in check.
Average Tye Tax Bill
$562
Average Taylor County Tax Bill
$3,051
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Tye, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79563 | $64 | $219 | $562 | $1,130 | $2,015 |
Source: Ownwell
$1,148
Average Tye 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 | |
|---|---|
| Taylor Appraisal District | |
| Website | esearch.taylor-cad.org |
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