Industry, Texas Property Taxes
The median property tax rate in INDUSTRY, TX is 1.49%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in INDUSTRY, the typical annual property tax bill reaches $2,059, which is below the national median of $2,690. Property taxes in INDUSTRY 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 INDUSTRY'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 INDUSTRY 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
Industry, 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 INDUSTRY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in INDUSTRY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in INDUSTRY 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 Industry, Texas
Property taxes in INDUSTRY, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in INDUSTRY is 1.49%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within INDUSTRY set these rates annually, and they can vary significantly across different neighborhoods. Each year, INDUSTRY 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 INDUSTRY's effective property tax rate to other counties in Texas and the national median. For comparison, the 78944 zip code has the highest median property tax rate of 1.49%, while the 78944 zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with INDUSTRY provides valuable insights into the varying tax landscape across Austin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Industry Tax Rate
1.49%
Average Austin County Tax Rate
1.51%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Industry, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78944 | 0.13% | 0.46% | 1.49% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Industry, Texas
In INDUSTRY, 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 Austin 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 INDUSTRY, 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 instance, the median home price in INDUSTRY is $222,222, with property tax bills ranging from $498 at the 25th percentile to $5,849 at the 90th percentile. The zip code 78944 has the highest and lowest median tax bill, both at $2,059. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Industry Assessed Value
$222,222
Average Austin County Assessed Value
$237,942
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Industry, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78944 | $17,250 | $73,450 | $222,222 | $523,317 | $1,017,152 |
Source: Ownwell
Property Tax Bills Across Industry, Texas
Property tax bills in INDUSTRY, located in Austin County, TX, are calculated based on the assessed value of a property and the applicable tax rate. The assessed value is determined by the local appraisal district and reflects the property's market value. Once the assessed value is established, the tax rate set by local taxing authorities is applied to calculate the tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners in INDUSTRY, property taxes can significantly impact their finances. The tax bills range widely, with the 25th percentile at $498 and the 75th percentile at $3,719. At the 90th percentile, homeowners might face a tax bill as high as $5,849. Comparatively, the median property tax rate in INDUSTRY can be contrasted with the national median rate of 0.99%. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their budgets accordingly.
Average Industry Tax Bill
$2,059
Average Austin County Tax Bill
$2,796
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Industry, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78944 | $150 | $498 | $2,059 | $3,719 | $5,849 |
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 | |
|---|---|
| Austin Appraisal District | |
| Website | esearch.austincad.org |