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Little River Academy, Texas Property Taxes

The median property tax rate in Little River Academy, TX is 1.38%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $188,220, the typical annual property tax bill in Little River Academy is $2,287, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural use. Understanding Little River Academy'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 Little River Academy or another part of Bell County, understanding the local property tax system will benefit both homeowners and real estate investors.

Last Updated June 14, 2024

Little River Academy, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.38%

Estimate Property Tax Bill

$2,597

$2,403

SAVE WITH OWNWELL

$1,148

Average Little River Academy, Texas Tax Savings

Ownwell’s Little River Academy Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Little River Academy with just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Little River Academy to provide an estimated property tax bill. This invaluable tool not only clarifies potential tax liabilities but also demonstrates how Ownwell can help reduce property taxes in Little River Academy. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by Bell County, factors into property tax calculations and includes applicable exemptions.

Property Tax Rates Across Little River Academy, Texas

Property taxes in Little River Academy, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Little River Academy is 1.38%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Little River Academy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Little River Academy 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 Little River Academy's effective property tax rate to other counties in Texas and the national median. For comparison, the 76554 zip code has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Little River Academy provides valuable insights into the varying tax landscape across Bell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.

Property Tax Rates Across Little River Academy, Texas

Source: Ownwell

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0.18%

1.29%

2.39%

Average Little River Academy Tax Rate

1.38%

Average Bell County Tax Rate

1.50%

Average Texas Tax Rate

1.67%

Average United States Tax Rate

0.99%

Property Tax Rates Across Little River Academy, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
76501N/AN/AN/AN/AN/A
765540.49%0.92%1.38%1.88%2.08%

Source: Ownwell

Property Tax Assessment Values Across Little River Academy, Texas

In Little River Academy, 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 Bell 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 Little River Academy, 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 instance, the highest median tax bill in the area is $2,287 in the 76554 zip code. 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 Little River Academy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.

Property Tax Assessment Values Across Little River Academy, Texas

Source: Ownwell

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$5,344

$260,426

$515,507

Average Little River Academy Assessed Value

$188,220

Average Bell County Assessed Value

$243,415

Average Texas Assessed Value

$247,950

Average United States Assessed Value

$244,900

Property Tax Assessment Values Across Little River Academy, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76501N/AN/AN/AN/AN/A
76554$20,378$114,764$188,220$257,406$333,514

Source: Ownwell

Property Tax Bills Across Little River Academy, Texas

In Little River Academy, Bell County, TX, property tax bills are calculated based on the assessed value of a property and the local tax rate. The median home price in the area is $188,220, with property tax rates resulting in a median tax bill of $2,287. This figure is higher than the national median property tax rate of 0.99%. Factors such as property improvements, market conditions, and local tax policies influence the assessed value, impacting the final tax bill. For instance, tax bills in the 25th percentile are around $1,129, while those in the 75th and 90th percentiles can reach $3,613 and $4,606, respectively. Ownwell can assist homeowners in Little River Academy by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and comparing it with market data, Ownwell can identify discrepancies and file appeals to reduce your tax burden. This could lead to significant savings, ensuring you only pay your fair share in property taxes.

Property Tax Bills Across Little River Academy, Texas

Source: Ownwell

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$128

$2,717

$5,306

Average Little River Academy Tax Bill

$2,287

Average Bell County Tax Bill

$3,265

Average Texas Tax Bill

$3,971

Average United States Tax Bill

$2,690

Property Tax Bills Across Little River Academy, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76501N/AN/AN/AN/AN/A
76554$201$1,129$2,287$3,613$4,606

Source: Ownwell

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