Cisco, Callahan County, Texas Property Taxes
The median property tax rate in Cisco, TX is 0.95%, slightly below the national median of 0.99% and significantly lower than the Texas state median of 1.67%. With a median home value of $152,380 in Cisco, the typical annual property tax bill amounts to $1,311, which is considerably less than the national median of $2,690. Property taxes in Cisco are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. By understanding Cisco's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Cisco or another part of the city, familiarity with the local property tax system is essential for maximizing financial benefits.
Last Updated June 14, 2024
Cisco, Callahan County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$1,448
$1,343
Ownwell’s Cisco Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cisco with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cisco 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 Cisco, Callahan County, Texas
Property taxes in Cisco, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cisco is 0.95%, slightly lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Cisco set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cisco 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 Cisco's effective property tax rate to other counties in Texas and the national median. For comparison, the 76437 zip code has the highest median property tax rate of 0.95%, while the same zip code also has the lowest median tax rate of 0.95%. Understanding how these cities compare with Cisco 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 Cisco Tax Rate
0.95%
Average Callahan County Tax Rate
1.46%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cisco, Callahan County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76437 | 0.53% | 0.76% | 0.95% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Cisco, Callahan County, Texas
In Cisco, 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 Cisco, 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 Cisco helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 76437, with a median tax bill of $1,311.
Property Tax Assessment Values Across Cisco, Callahan County, Texas
Source: Ownwell
$89,680
$170,023
$250,365
Average Cisco Assessed Value
$152,380
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 Cisco, Callahan County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76437 | $49,834 | $84,090 | $152,380 | $263,250 | $335,890 |
Source: Ownwell
Property Tax Bills Across Cisco, Callahan County, Texas
In Cisco, located in Callahan County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the home's size, age, location, and any improvements or additions made to the property. For homeowners in Cisco, the median home price is $152,380, with tax bills ranging significantly based on property value and exemptions. For instance, the tax bill at the 25th percentile is $656, while at the 75th percentile, it rises to $2,353, and at the 90th percentile, it reaches $3,286. These property taxes can have a substantial impact on homeowners, influencing their overall housing costs and financial planning. The property tax rate in Cisco is competitive compared to the national median property tax rate of 0.99%, providing a relatively affordable option for residents.
Average Cisco Tax Bill
$1,311
Average Callahan County Tax Bill
$1,364
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cisco, Callahan County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76437 | $420 | $656 | $1,311 | $2,353 | $3,286 |
Source: Ownwell