Tennyson, Coke County, Texas Property Taxes

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Tennyson, located in Coke County, Texas, the property tax rate is a reflection of this local budgeting process. When comparing Tennyson’s effective property tax rate to other cities in Texas, it aligns with the state's median tax rate of 1.11%. This is slightly above the national median property tax rate of 1.02%. Although the tax rates are consistent across Coke County, they highlight the localized nature of property taxation. For homeowners, understanding these rates is crucial as they directly impact annual tax bills. With the national median property tax bill at $2,400, residents in Tennyson may find their tax obligations slightly higher due to the above-average rate. This underscores the importance of staying informed about local tax rates and potential appeal opportunities.

In Tennyson, Texas, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. This value is then multiplied by the property tax rate set by local taxing authorities. The median home price in Tennyson is $75,990, with property tax bills ranging significantly. The 25th percentile tax bill is $529, while the 75th percentile reaches $1,638, and the 90th percentile hits $2,423. These figures highlight the variability in tax burdens among homeowners. Compared to the national median property tax bill of $2,400, Tennyson residents generally experience a lower tax burden. However, the impact on homeowners can still be significant, especially when taxes rise unexpectedly or if properties are over-assessed.

Ownwell can assist homeowners by providing property tax appeal and exemption services. By analyzing local market data and assessment details, Ownwell identifies opportunities to challenge over-assessments, potentially reducing tax bills. This service can lead to substantial savings, ensuring homeowners only pay their fair share.