Aurora, Texas Property Taxes
The median property tax rate in Aurora, TX is 1.42%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Aurora, the typical annual property tax bill reaches $3,675, exceeding the national median of $2,690. Property taxes in Aurora 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 Aurora'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 Aurora 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
Aurora, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Aurora Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Aurora with ease. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Aurora to provide an estimated property tax bill. This valuable tool helps you understand your potential tax liabilities, making financial planning more straightforward. For those interested in neighborhood-level trends, further localized information is available below. Your property’s assessed value is the value assigned by Wise County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Aurora, Texas
Property taxes in Aurora, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aurora is 1.42%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Aurora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aurora 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 Aurora's effective property tax rate to other counties in Texas and the national median. For comparison, the 76078 zip code has the highest median property tax rate of 1.42%, while the 76078 zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Aurora provides valuable insights into the varying tax landscape across Wise County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aurora Tax Rate
1.42%
Average Wise County Tax Rate
1.21%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aurora, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76078 | 0.78% | 1.19% | 1.42% | 1.64% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Aurora, Texas
In Aurora, 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 Wise 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 Aurora, 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 Aurora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Aurora is $3,675 in the 76078 zip code, while the lowest is also $3,675 in the same zip code.
Average Aurora Assessed Value
$313,214
Average Wise County Assessed Value
$280,537
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aurora, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76078 | $47,879 | $100,352 | $313,214 | $601,203 | $773,110 |
Source: Ownwell
Property Tax Bills Across Aurora, Texas
In Aurora, Wise County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The assessed value is then multiplied by the local tax rate to compute the annual tax bill. For instance, with a median home price of $313,214, homeowners can expect varying tax bills depending on specific factors such as property location and exemptions. The tax bill in Aurora can range significantly. The 25th percentile tax bill is around $1,238, while the 75th percentile reaches up to $8,268, and the 90th percentile can be as high as $11,026. This wide range indicates how property values and applicable tax rates can influence the final amount owed. The highest and lowest median tax bills in the area are both recorded at $3,675 in the 76078 zip code. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly, ensuring they are prepared for the varying impacts of property taxes.
Average Aurora Tax Bill
$3,675
Average Wise County Tax Bill
$3,273
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Aurora, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76078 | $558 | $1,238 | $3,675 | $8,268 | $11,026 |
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 | |
|---|---|
| Wise Appraisal District | |
| Website | esearch.wise-cad.com |