Elm Grove, Texas Property Taxes
The median property tax rate in Elm Grove, TX is 1.48%, which is considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Elm Grove at $31,992, the typical annual property tax bill reaches $416, significantly below the national median of $2,690. Property taxes in Elm Grove are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Elm Grove'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 Elm Grove or another part of Wharton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Elm Grove, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$473
$438
Ownwell’s Elm Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elm Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elm Grove 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 Elm Grove, Texas
Property taxes in Elm Grove, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elm Grove is 1.48%, significantly higher than both the Texas state median of 1.9% and the U.S. national median of 0.99%. Local government entities within Elm Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elm Grove 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 Elm Grove'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 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with Elm Grove 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 Elm Grove Tax Rate
1.48%
Average Wharton County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elm Grove, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77434 | 1.01% | 1.23% | 1.48% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Elm Grove, Texas
In Elm Grove, 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. Assessment notices in Elm Grove 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 Elm Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $416 in the 77434 zip code, while the lowest is also $416 in the same zip code.
Average Elm Grove Assessed Value
$31,992
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 Elm Grove, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77434 | $1,908 | $8,874 | $31,992 | $86,280 | $123,015 |
Source: Ownwell
Property Tax Bills Across Elm Grove, Texas
In Elm Grove, property tax bills are calculated based on the assessed value of your home and the local tax rate set by Wharton County. The assessed value is determined by the county appraisal district, which evaluates the market value of your property. This value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Elm Grove, the median home price is $31,992. Property tax bills vary significantly, with the 25th percentile paying around $95 annually, while those in the 75th percentile pay approximately $1,199. At the 90th percentile, tax bills can reach up to $1,840. Comparatively, the national median property tax rate is 0.99%, which can serve as a benchmark for understanding local rates. The highest and lowest median tax bill in the area both stand at $416, located in the 77434 zip code. These variations in tax bills can significantly impact homeowners, influencing their financial planning and overall cost of living.
Average Elm Grove Tax Bill
$416
Average Wharton County Tax Bill
$1,730
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Elm Grove, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77434 | $30 | $95 | $416 | $1,199 | $1,840 |
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 |