Taft, Texas Property Taxes
The median property tax rate in Taft, TX is 1.40%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $159,200 in Taft, the typical annual property tax bill is approximately $1,869, falling below the national median of $2,690. Property taxes in Taft are determined based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Taft's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether residing in the heart of Taft or another part of the city, comprehending the local property tax system can be highly beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Taft, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$2,229
$2,062
Ownwell’s Taft Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Taft with just two data points. By inputting your property's estimated assessed value, the calculator utilizes the median tax rate in Taft to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed insights, you can explore trends on a neighborhood level by scrolling down to access localized information. Your property’s assessed value is determined by Aransas County for tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Taft, Texas
Property taxes in Taft, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Taft is 1.40%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Taft set these rates annually, and they can vary significantly across different neighborhoods. Each year, Taft 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 Taft's effective property tax rate to other counties in Texas and the national median. For comparison, the 78390 zip code has both the highest and lowest median property tax rate of 1.40%. Understanding how these cities compare with Taft provides valuable insights into the varying tax landscape across Aransas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Taft Tax Rate
1.40%
Average Aransas County Tax Rate
1.40%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Taft, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78390 | 0.76% | 1.16% | 1.40% | 1.40% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Taft, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Taft, Texas. 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 Aransas 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 Taft, 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. For example, the median home price in Taft is $159,200, with the 25th percentile tax bill at $735 and the 75th percentile at $3,402. The highest median tax bill, found in the 78390 zip code, is $1,869. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Taft Assessed Value
$159,200
Average Aransas County Assessed Value
$161,335
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Taft, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78390 | $27,384 | $77,770 | $159,200 | $248,720 | $402,414 |
Source: Ownwell
Property Tax Bills Across Taft, Texas
In Taft, located in Aransas County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Once the property's market value is assessed, the local tax rate is applied to calculate the annual tax bill. Several factors influence the tax bill, including the home's location, size, and any applicable exemptions. For instance, a median home price in Taft is $159,200. Homeowners in the 25th percentile might see tax bills around $735, while those in the 75th percentile could face bills up to $3,402. The 90th percentile tax bills can reach $4,953, significantly affecting higher-valued properties. Compared to the national median property tax rate of 0.99%, Taft's property tax rates can vary, impacting homeowners differently based on their property's assessed value. Understanding these factors is crucial for homeowners to anticipate their financial responsibilities accurately.
Average Taft Tax Bill
$1,869
Average Aransas County Tax Bill
$1,939
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Taft, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78390 | $294 | $735 | $1,869 | $3,402 | $4,953 |
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 | |
|---|---|
| Aransas Appraisal District | |
| Website | propaccess.trueautomation.com |