Eagle Lake, Texas Property Taxes
The median property tax rate in Eagle Lake, TX is 1.06%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Eagle Lake at $58,749, the typical annual property tax bill is around $501, which is significantly below the national median of $2,690. Property taxes in Eagle Lake are calculated based on the assessed value, which often remains lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Eagle Lake’s property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether residing in Eagle Lake or another part of Wharton County, familiarizing yourself with the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Eagle Lake, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$623
$576
Ownwell’s Eagle Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eagle Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eagle Lake 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 Eagle Lake, Texas
Property taxes in Eagle Lake, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eagle Lake is 1.06%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Eagle Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eagle Lake 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 Eagle Lake's effective property tax rate to other counties in Texas and the national median. For comparison, the 77434 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Eagle Lake provides valuable insights into the varying tax landscape across Wharton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eagle Lake Tax Rate
1.06%
Average Wharton County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eagle Lake, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77434 | 0.28% | 0.52% | 1.06% | 1.59% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Eagle Lake, Texas
In Eagle Lake, 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 Wharton 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 Eagle Lake, 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. Being aware of these valuation processes in Eagle Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $501 in the 77434 zip code, while the lowest is also $501 in the same zip code.
Average Eagle Lake Assessed Value
$58,749
Average Wharton County Assessed Value
$120,245
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eagle Lake, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77434 | $14,990 | $27,076 | $58,749 | $95,385 | $158,673 |
Source: Ownwell
Property Tax Bills Across Eagle Lake, Texas
In Eagle Lake, located in Wharton County, TX, property tax bills are calculated based on the assessed value of the home and the local tax rate. Homeowners in Eagle Lake see their property assessed by local authorities who determine its value for tax purposes. The median home price in Eagle Lake is $58,749, and the property tax rate is applied to this assessed value to calculate the annual tax bill. Tax bills can vary significantly depending on the assessed value and specific tax rates in the area. For instance, the 25th percentile of tax bills is $231, while the 75th percentile reaches $1,109, and the 90th percentile can go up to $1,972. These variations highlight the impact of property value assessments and local tax rates on the final tax bill. Compared to the national median property tax rate of 0.99%, Eagle Lake's property taxes provide a range of financial implications for homeowners, influencing their overall housing costs and financial planning.
Average Eagle Lake Tax Bill
$501
Average Wharton County Tax Bill
$1,730
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Eagle Lake, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77434 | $96 | $231 | $501 | $1,109 | $1,972 |
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 | |
|---|---|
| Wharton Appraisal District | |
| Website | esearch.whartoncad.net |