New Waverly, Texas Property Taxes
The median property tax rate in New Waverly, TX is 1.56%, which is significantly 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 $181,630 in New Waverly, the typical annual property tax bill amounts to $2,244, which is still below the national median of $2,690. Property taxes in New Waverly are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding New Waverly'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 New Waverly or another part of Walker County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Waverly, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$2,833
$2,622
Ownwell’s New Waverly Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Waverly with just two key data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in New Waverly to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities, making financial planning more straightforward. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across New Waverly, Texas
Property taxes in New Waverly, Texas, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in New Waverly is 1.56%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within New Waverly set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Waverly 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 New Waverly's effective property tax rate to other counties in Texas and the national median. For comparison, the 77358 zip code has the highest median property tax rate of 1.56%, while the 77358 zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with New Waverly provides valuable insights into the varying tax landscape across Walker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Waverly Tax Rate
1.56%
Average Walker County Tax Rate
1.45%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Waverly, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77358 | 0.78% | 1.26% | 1.56% | 1.56% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across New Waverly, Texas
In New Waverly, 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 Walker 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 New Waverly, 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. Zip code 77358 has the highest median tax bill at $2,244, which is above the national median property tax rate of 0.99%. 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 New Waverly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average New Waverly Assessed Value
$181,630
Average Walker County Assessed Value
$180,510
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Waverly, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77358 | $20,300 | $62,320 | $181,630 | $403,575 | $616,540 |
Source: Ownwell
Property Tax Bills Across New Waverly, Texas
In New Waverly, located in Walker County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county appraisal district, which evaluates the property's market value. Once the market value is established, the tax rate set by local taxing authorities is applied to calculate the annual tax bill. Homeowners in New Waverly face varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is $818, while the 75th percentile tax bill is $4,602, and the 90th percentile tax bill reaches $7,149. These figures illustrate the range of property tax burdens residents may experience. Compared to the national median property tax rate of 0.99%, New Waverly’s property taxes can be significant, particularly for higher-valued homes. This financial obligation can impact homeowners' budgets, making it essential to understand the factors influencing their tax bills and explore potential exemptions or appeals to manage costs effectively.
Average New Waverly Tax Bill
$2,244
Average Walker County Tax Bill
$2,299
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across New Waverly, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77358 | $299 | $818 | $2,244 | $4,602 | $7,149 |
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 | |
|---|---|
| Walker Appraisal District | |
| Website | esearch.walkercad.org |