Taylor, Texas Property Taxes
The median property tax rate in Taylor, TX is 1.45%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Taylor at $223,742, the typical annual property tax bill reaches $2,898, exceeding the national median of $2,690. Property taxes in Taylor 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 Taylor'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 Taylor 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
Taylor, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$3,244
$3,002
$1,148
Average Taylor, Texas Tax Savings
Ownwell’s TAYLOR Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in TAYLOR with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in TAYLOR to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in TAYLOR. 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 Taylor, Texas
Property taxes in Taylor, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Taylor is 1.45%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Taylor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Taylor 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 Taylor's effective property tax rate to other counties in Texas and the national median. For comparison, the 76574 zip code has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with Taylor provides valuable insights into the varying tax landscape across Bastrop County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Taylor Tax Rate
1.45%
Average Bastrop County Tax Rate
1.39%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Taylor, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76574 | 0.67% | 1.07% | 1.45% | 1.75% | 1.95% |
Source: Ownwell
$1,148
Average Taylor Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Taylor, Texas
In Taylor, 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 Bastrop 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 Taylor, 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, Taylor's median home price is $223,742, with tax bills ranging from $1,366 at the 25th percentile to $6,047 at the 90th percentile. The zip code 76574 has both the highest and lowest median tax bill, standing at $2,898. Being aware of these valuation processes in Taylor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Taylor Assessed Value
$223,742
Average Bastrop County Assessed Value
$264,754
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Taylor, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76574 | $62,529 | $134,326 | $223,742 | $304,906 | $405,940 |
Source: Ownwell
$1,148
Average Taylor Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Taylor, Texas
Property tax bills in Taylor, located in Bastrop County, TX, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is often a percentage of the market value, and in Taylor, the median home price is $223,742. Several factors influence the tax bill, including property size, location, and improvements. Homeowners in Taylor face a range of tax bills, with the 25th percentile at $1,366 and the 75th percentile at $3,704. The highest median tax bill within the city is $2,898. These property taxes can significantly impact homeowners' finances. However, Ownwell offers property tax appeal and exemption services designed to help homeowners reduce their tax burdens. By evaluating the assessed value and comparing it to similar properties, Ownwell identifies discrepancies and submits appeals on behalf of homeowners. This service can lead to substantial savings, ensuring that property owners only pay their fair share.
Average Taylor Tax Bill
$2,898
Average Bastrop County Tax Bill
$2,784
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Taylor, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76574 | $647 | $1,366 | $2,898 | $3,704 | $6,047 |
Source: Ownwell
$1,148
Average Taylor Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Bastrop Appraisal District | |
| Website | esearch.bastropcad.org |
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