Kenney, Texas Property Taxes
The median property tax rate in Kenney, TX is 1.55%, 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 Kenney at $167,515, the typical annual property tax bill reaches $2,415, slightly below the national median of $2,690. Property taxes in Kenney 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 Kenney'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 Kenney or another part of Austin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kenney, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$2,596
$2,409
Ownwell’s Kenney Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kenney with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kenney 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 Kenney, Texas
Property taxes in Kenney, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kenney is 1.55%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Kenney set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kenney 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 Kenney's effective property tax rate to other counties in Texas and the national median. For comparison, the 77452 zip code has the highest median property tax rate of 1.55%, while the same zip code has the lowest median tax rate of 1.55%. Understanding how these cities compare with Kenney 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 Kenney Tax Rate
1.55%
Average Austin County Tax Rate
1.51%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kenney, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77452 | 0.47% | 1.04% | 1.55% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Kenney, Texas
In Kenney, 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 Kenney, 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 Kenney helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 77452 has the highest and lowest median tax bill at $2,415. With median home prices at $167,515, being informed about these figures can help homeowners plan and potentially reduce their tax liabilities.
Average Kenney Assessed Value
$167,515
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 Kenney, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77452 | $35,409 | $119,369 | $167,515 | $495,540 | $901,788 |
Source: Ownwell
Property Tax Bills Across Kenney, Texas
In Kenney, located in Austin County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal district. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Kenney, the median home price is $167,515. Property tax bills can vary significantly, with the 25th percentile at $1,916 and the 75th percentile reaching $4,676. At the higher end, the 90th percentile tax bill is $6,781. These tax bills are influenced by factors such as property size, location, and improvements made to the home. Compared to the national median property tax rate of 0.99%, the tax rates in Kenney reflect the local government's budgetary needs and priorities. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting housing affordability and financial planning. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Kenney Tax Bill
$2,415
Average Austin County Tax Bill
$2,796
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Kenney, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77452 | $764 | $1,916 | $2,415 | $4,676 | $6,781 |
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 |