South Bend, Texas Property Taxes
The median property tax rate in South Bend, TX is 1.92%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in South Bend, the typical annual property tax bill reaches $435, which is significantly lower than the national median of $2,690. Property taxes in South Bend 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 South Bend'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 South Bend 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
South Bend, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.92%
Estimate Property Tax Bill
$461
$426
Ownwell’s South Bend Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in South Bend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Bend 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 South Bend, Texas
Property taxes in South Bend, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Bend is 1.92%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within South Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Bend 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 South Bend's effective property tax rate to other counties in Texas and the national median. For comparison, the 76481 zip code has the highest median property tax rate of 1.92%, while the 76481 zip code also has the lowest median tax rate of 1.92%. Understanding how these cities compare with South Bend provides valuable insights into the varying tax landscape across Young County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average South Bend Tax Rate
1.92%
Average Young County Tax Rate
2.25%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Bend, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76481 | 1.27% | 1.92% | 1.92% | 1.92% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across South Bend, Texas
In South Bend, 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 Young 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 South Bend, 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. For instance, the median home price in South Bend is $24,000, with tax bills ranging from $182 at the 25th percentile to $1,689 at the 90th percentile. The zip code with the highest and lowest median tax bill is 76481, both at $435. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average South Bend Assessed Value
$24,000
Average Young County Assessed Value
$91,060
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across South Bend, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76481 | $5,726 | $9,450 | $24,000 | $64,790 | $126,394 |
Source: Ownwell
Property Tax Bills Across South Bend, Texas
In South Bend, property tax bills are determined based on the assessed value of the property and the local tax rate. The assessed value is typically a percentage of the market value, which is determined by the county assessor. Several factors influence the assessment, including the property's location, size, and condition. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For homeowners in South Bend, the median home price is $24,000. Property tax bills can vary significantly, with the 25th percentile tax bill at $182 and the 75th percentile at $1,078. The 90th percentile tax bill can reach up to $1,689. These figures highlight the range of property tax liabilities homeowners might face, depending on their property's assessed value. Comparatively, the national median property tax rate is 0.99%, which can help homeowners gauge the relative burden of their local taxes. Understanding these factors is crucial for homeowners to manage their financial planning effectively.
Average South Bend Tax Bill
$435
Average Young County Tax Bill
$1,705
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across South Bend, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76481 | $110 | $182 | $435 | $1,078 | $1,689 |
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 | |
|---|---|
| Young Appraisal District | |
| Website | esearch.youngcad.org |