Sudan, Texas Property Taxes
The median property tax rate in Sudan, TX is 1.74%, notably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Sudan at $77,024, the typical annual property tax bill reaches $1,331, which is significantly lower than the national median of $2,690. Property taxes in Sudan are calculated based on the assessed value, typically lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Sudan'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 Sudan or another part of Bailey County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sudan, 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 Sudan Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sudan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sudan 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 Sudan, Texas
Property taxes in Sudan, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sudan is 1.74%, higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Sudan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sudan 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 Sudan's effective property tax rate to other counties in Texas and the national median. For comparison, the 79371 zip code has the highest median property tax rate of 1.74%, while the 79371 zip code also has the lowest median tax rate of 1.74%. Understanding how these cities compare with Sudan provides valuable insights into the varying tax landscape across Bailey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sudan Tax Rate
1.74%
Average Bailey County Tax Rate
2.99%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sudan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79371 | 1.09% | 1.50% | 1.74% | 1.75% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Sudan, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sudan, 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 Bailey 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 Sudan, 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 example, the zip code with the highest median tax bill in Sudan is 79371, with a median tax bill of $1,331. 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 Sudan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sudan Assessed Value
$77,024
Average Bailey County Assessed Value
$46,929
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sudan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79371 | $13,144 | $46,643 | $77,024 | $105,894 | $119,059 |
Source: Ownwell
Property Tax Bills Across Sudan, Texas
In Sudan, located in Bailey County, TX, property tax bills are determined by the assessed value of a home, which is calculated by the county's appraisal district. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors that influence the assessed value include the market value of the property, any improvements made, and comparable property values in the area. In Sudan, the median home price is $77,024, and property tax bills can vary significantly. For example, the 25th percentile tax bill is approximately $455, while the 75th percentile tax bill is around $1,658. At the 90th percentile, homeowners might see tax bills as high as $2,045. These variations demonstrate how different factors can influence the final tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Sudan may find their tax bills to be relatively manageable, but it’s crucial to understand how local assessments and rates impact individual obligations.
Average Sudan Tax Bill
$1,331
Average Bailey County Tax Bill
$1,293
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Sudan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79371 | $244 | $455 | $1,331 | $1,658 | $2,045 |
Source: Ownwell