Normanna, Texas Property Taxes
The median property tax rate in Normanna, TX is 1.48%, which is considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $75,835 in Normanna, the typical annual property tax bill amounts to $753, which is significantly below the national median of $2,690. Property taxes in Normanna are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural use. Understanding Normanna's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Normanna or another part of Bee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Normanna, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$1,122
$1,042
Ownwell’s Normanna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Normanna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Normanna 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 Normanna, Texas
Property taxes in Normanna, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Normanna is 1.48%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Normanna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Normanna 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 Normanna's effective property tax rate to other counties in Texas and the national median. For comparison, the 78142 zip code has the highest median property tax rate of 1.48%, while the 78142 zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with Normanna provides valuable insights into the varying tax landscape across Bee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Normanna Tax Rate
1.48%
Average Bee County Tax Rate
1.76%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Normanna, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78142 | 0.44% | 0.66% | 1.48% | 1.73% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Normanna, Texas
In Normanna, 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 Bee 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 Normanna, 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 Normanna is $75,835, with tax bills ranging from $288 at the 25th percentile to $3,972 at the 90th percentile. The zip code 78142 has both the highest and lowest median tax bills at $753. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Normanna Assessed Value
$75,835
Average Bee County Assessed Value
$103,075
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Normanna, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78142 | $14,058 | $36,230 | $75,835 | $140,785 | $258,553 |
Source: Ownwell
Property Tax Bills Across Normanna, Texas
In Normanna, located in Bee County, TX, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district and is meant to reflect the market value of the property. Homeowners in Normanna experience a range of tax bills depending on the value of their property. For instance, the 25th percentile tax bill is $288, while the 75th percentile tax bill is $2,007, and the 90th percentile tax bill reaches up to $3,972. These figures illustrate the significant variability in property tax bills within the area. The median home price in Normanna is $75,835, which is relatively modest compared to national averages. This means that while some homeowners may face higher tax bills, others benefit from more affordable rates. The property tax rate in Normanna is a critical factor that influences how much homeowners ultimately pay, affecting their overall financial planning and housing affordability.
Average Normanna Tax Bill
$753
Average Bee County Tax Bill
$1,834
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Normanna, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78142 | $106 | $288 | $753 | $2,007 | $3,972 |
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 | |
|---|---|
| Bee Appraisal District | |
| Website | www.beecad.org |