Temple, Texas Property Taxes
The median property tax rate in Temple, TX is 1.50%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $250,823 in Temple, the typical annual property tax bill amounts to $3,419, surpassing the national median of $2,690. Property taxes in Temple are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Temple'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 Temple 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
Temple, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Temple, Texas Tax Savings
Ownwell’s Temple Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Temple with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Temple 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 Temple. 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 Temple, Texas
Property taxes in Temple, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Temple is 1.50%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Temple set these rates annually, and they can vary significantly across different neighborhoods. Each year, Temple 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 Temple's effective property tax rate to other counties in Texas and the national median. For comparison, the 76543 zip code has the highest median property tax rate of 2.39%, while the 76501 zip code has the lowest median tax rate of 1.38%. Understanding how these cities compare with Temple 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.
Average Temple Tax Rate
1.50%
Average Bell County Tax Rate
1.50%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Temple, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76501 | 0.34% | 0.78% | 1.38% | 1.98% | 2.25% |
| 76502 | 0.60% | 1.14% | 1.51% | 2.03% | 2.20% |
| 76503 | 1.04% | 1.29% | 1.70% | 2.10% | 2.35% |
| 76504 | 0.49% | 0.96% | 1.61% | 2.06% | 2.22% |
| 76513 | 0.33% | 1.16% | 1.62% | 2.13% | 2.49% |
| 76543 | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% |
| 76579 | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% |
Source: Ownwell
$1,148
Average Temple Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Temple, Texas
In Temple, 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 Temple, 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 highest median tax bill in Temple is $4,463 in the 76502 zip code, while the lowest is $128 in the 76543 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 Temple helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Temple Assessed Value
$250,823
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 Temple, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76501 | $44,206 | $91,815 | $149,146 | $224,338 | $313,373 |
| 76502 | $177,510 | $238,713 | $290,315 | $351,534 | $445,326 |
| 76503 | $15,307 | $15,432 | $15,641 | $15,850 | $15,975 |
| 76504 | $66,290 | $113,529 | $173,735 | $239,168 | $307,102 |
| 76513 | $12,022 | $64,854 | $119,199 | $288,196 | $412,209 |
| 76543 | $5,344 | $5,344 | $5,344 | $5,344 | $5,344 |
| 76579 | $139,470 | $139,470 | $139,470 | $139,470 | $139,470 |
Source: Ownwell
$1,148
Average Temple Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Temple, Texas
In Temple, located in Bell County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. With the median home price at $250,823, property owners can expect varying tax bills. For instance, the 25th percentile tax bill is $1,721, while the 75th percentile reaches $5,223, and the 90th percentile hits $6,776. The highest median tax bill in the area is $4,463 in zip code 76502, compared to the lowest at $128 in zip code 76543. These variations are influenced by factors such as property location, improvements, and market conditions. Homeowners in Temple can benefit significantly from appealing their property tax assessments. Ownwell specializes in helping homeowners navigate this process, potentially lowering their tax bills. By analyzing your property’s assessed value and comparing it to similar homes, Ownwell identifies discrepancies and files appeals on your behalf, ensuring you pay only your fair share. This expert assistance can lead to substantial savings, easing the financial burden on homeowners.
Average Temple Tax Bill
$3,419
Average Bell County Tax Bill
$3,265
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Temple, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76501 | $315 | $830 | $1,813 | $2,951 | $4,342 |
| 76502 | $996 | $2,848 | $4,463 | $5,927 | $7,391 |
| 76503 | $165 | $202 | $262 | $322 | $358 |
| 76504 | $503 | $1,324 | $2,422 | $3,755 | $5,175 |
| 76513 | $118 | $470 | $2,031 | $3,582 | $4,821 |
| 76543 | $128 | $128 | $128 | $128 | $128 |
| 76579 | $2,597 | $2,597 | $2,597 | $2,597 | $2,597 |
Source: Ownwell
$1,148
Average Temple 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 | |
|---|---|
| Bell Appraisal District | |
| Phone | (254) 939-5841 |
| Website | esearch.bellcad.org |
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