Abilene, Texas Property Taxes
The median property tax rate in Abilene, TX is 1.19%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $160,700 in Abilene, the typical annual property tax bill amounts to $1,996, which is below the national median of $2,690. Property taxes in Abilene are calculated based on the assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Abilene'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 Abilene or another part of Callahan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Abilene, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,912
$1,775
Ownwell’s Abilene Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Abilene with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Abilene 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 Abilene, Texas
Property taxes in Abilene, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Abilene is 1.19%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Abilene set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abilene 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 Abilene's effective property tax rate to other counties in Texas and the national median. For comparison, the 79601 zip code has the highest median property tax rate of 1.20%, while the 79602 zip code has the lowest median tax rate of 1.18%. Understanding how these cities compare with Abilene provides valuable insights into the varying tax landscape across Callahan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Abilene Tax Rate
1.19%
Average Callahan County Tax Rate
1.46%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Abilene, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79601 | 0.69% | 0.95% | 1.20% | 1.62% | 1.62% |
| 79602 | 0.52% | 0.91% | 1.18% | 1.62% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Abilene, Texas
In Abilene, 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 Callahan 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 Abilene, 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 Abilene is $2,039 in the 79602 zip code, while the lowest median tax bill is $1,988 in the 79601 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 Abilene helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Abilene Assessed Value
$160,700
Average Callahan County Assessed Value
$107,800
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Abilene, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79601 | $26,631 | $74,902 | $156,070 | $284,358 | $454,888 |
| 79602 | $37,169 | $73,208 | $176,005 | $341,150 | $508,740 |
Source: Ownwell
Property Tax Bills Across Abilene, Texas
Property tax bills in Abilene, located in Callahan County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local tax assessor and reflects the property's market value. For instance, with a median home price of $160,700, the tax bill can vary widely. Homeowners in the 25th percentile might see tax bills around $792, while those in the 75th percentile could pay up to $3,632. At the 90th percentile, tax bills can reach as high as $5,930. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. In Callahan County, the highest median tax bill is $2,039 in the 79602 zip code, whereas the lowest is $1,988 in the 79601 zip code. These values are compared to the national median property tax rate of 0.99%, highlighting the variability within the region. Understanding these factors helps homeowners anticipate their tax obligations and plan accordingly.
Average Abilene Tax Bill
$1,996
Average Callahan County Tax Bill
$1,364
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Abilene, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79601 | $286 | $765 | $1,988 | $3,387 | $4,979 |
| 79602 | $242 | $805 | $2,039 | $3,729 | $6,442 |
Source: Ownwell