Early, Texas Property Taxes
The median property tax rate in Early, TX is 1.60%, notably higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With the median home value in Early at $168,150, the typical annual property tax bill amounts to $2,737, which is still under the national median of $2,690. Property taxes in Early are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Early'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 Early 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
Early, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$2,690
$2,497
Ownwell’s Early Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Early with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Early 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 Early, Texas
Property taxes in Early, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Early is 1.60%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Early set these rates annually, and they can vary significantly across different neighborhoods. Each year, Early 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 Early's effective property tax rate to other counties in Texas and the national median. For comparison, the 76802 zip code has the highest median property tax rate of 1.60%, while the 76802 zip code has the lowest median tax rate of 1.60%. Understanding how these cities compare with Early provides valuable insights into the varying tax landscape across Brown County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Early Tax Rate
1.60%
Average Brown County Tax Rate
1.58%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Early, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76802 | 1.03% | 1.49% | 1.60% | 1.98% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Early, Texas
In Early, 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 Brown 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 Early, 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. Being aware of these valuation processes in Early helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 76802 has the highest median tax bill at $2,737, while the lowest median tax bill also stands at $2,737.
Average Early Assessed Value
$168,150
Average Brown County Assessed Value
$114,110
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Early, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76802 | $46,260 | $97,740 | $168,150 | $263,105 | $410,910 |
Source: Ownwell
Property Tax Bills Across Early, Texas
In Early, property tax bills are calculated based on the assessed value of a home, which is determined by the Brown County appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, property improvements, and comparable property values in the area. For homeowners in Early, the median home price stands at $168,150. Property tax bills can vary significantly, with the 25th percentile at $1,526 and the 75th percentile reaching $4,168. The 90th percentile tax bill climbs to $5,734, reflecting higher-valued properties. Compared to the national median property tax rate of 0.99%, Early's tax rates can result in substantial variations in tax bills. Understanding these factors is crucial for homeowners as it affects their annual financial planning. High property taxes can impact affordability and influence decisions on property investments and home improvements.
Average Early Tax Bill
$2,737
Average Brown County Tax Bill
$1,714
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Early, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76802 | $709 | $1,526 | $2,737 | $4,168 | $5,734 |
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 | |
|---|---|
| Brown Appraisal District | |
| Website | propaccess.trueautomation.com |