Seymour, Baylor County, Texas Property Taxes
The median property tax rate in Seymour, TX is 1.37%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Seymour at $66,610, the typical annual property tax bill reaches $900, which is below the national median of $2,690. Property taxes in Seymour are calculated based on the tax assessed value, often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Seymour'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 Seymour 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
Seymour, Baylor County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$913
$847
Ownwell’s Seymour Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Seymour with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seymour 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 Seymour, Baylor County, Texas
Property taxes in Seymour, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seymour is 1.37%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Seymour set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seymour 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 Seymour's effective property tax rate to other counties in Texas and the national median. For comparison, the 76380 zip code has the highest median property tax rate of 1.37%, while the 76380 zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Seymour provides valuable insights into the varying tax landscape across Baylor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Seymour Tax Rate
1.37%
Average Baylor County Tax Rate
1.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seymour, Baylor County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76380 | 0.75% | 1.14% | 1.37% | 1.81% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Seymour, Baylor County, Texas
In Seymour, 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 Baylor 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 Seymour, 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. Seymour's median home price is $66,610, and tax bills vary significantly, with the 25th percentile at $446 and the 90th percentile at $2,527. The highest and lowest median tax bills both fall in the 76380 zip code, at $900. Being aware of these valuation processes in Seymour helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Seymour, Baylor County, Texas
Source: Ownwell
$66,610
$66,610
$66,610
Average Seymour Assessed Value
$66,610
Average Baylor County Assessed Value
$66,610
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Seymour, Baylor County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76380 | $6,129 | $25,048 | $66,610 | $134,148 | $211,748 |
Source: Ownwell
Property Tax Bills Across Seymour, Baylor County, Texas
In Seymour, located in Baylor County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Seymour is $66,610. To determine the tax bill, the assessed value is multiplied by the local tax rate. Factors influencing the tax bill include property size, location, and any applicable exemptions. For homeowners in Seymour, the 25th percentile tax bill is $446, while the 75th percentile tax bill is $1,638, and the 90th percentile tax bill reaches up to $2,527. The median property tax bill in the area is $900, which is significantly lower than the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable in Seymour compared to other regions. However, the variation in tax bills indicates that individual circumstances, such as property value and specific exemptions, can significantly impact the final tax amount.
Average Seymour Tax Bill
$900
Average Baylor County Tax Bill
$900
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Seymour, Baylor County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76380 | $168 | $446 | $900 | $1,638 | $2,527 |
Source: Ownwell