Coleman County, Texas Property Taxes
The median property tax rate in Coleman County is 2.45%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Coleman County, the typical annual property tax bill reaches $898, which is below the national median of $2,690. Property taxes in Coleman County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Coleman County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Coleman or another part of Coleman County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coleman County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.45%
Estimate Property Tax Bill
$1,099
$1,020
Ownwell’s Coleman County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Coleman County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Coleman County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Coleman County, Texas
Property taxes in Coleman County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Coleman County is 2.45%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Coleman County set these rates annually, and they can vary significantly between different areas within the county. Each year, Coleman County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Coleman County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Novice has one of the higher property tax rates in Texas at 2.45%, while the city of Brownwood boasts one of the lowest at 0.63%. Analyzing how Coleman County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Coleman County Tax Rate
2.45%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coleman County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bangs | 0.21% | 0.32% | 0.65% | 1.14% | 1.79% |
| Brookesmith | N/A | N/A | N/A | N/A | N/A |
| Brownwood | N/A | N/A | N/A | N/A | N/A |
| Burkett | 0.26% | 0.98% | 1.98% | 1.98% | 1.98% |
| Clyde | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% |
| Coleman | 1.39% | 1.98% | 2.45% | 2.45% | 2.45% |
| Cross Plains | 0.33% | 0.58% | 1.91% | 1.91% | 1.91% |
| Goldsboro | 0.12% | 0.29% | 0.78% | 1.98% | 1.98% |
| Gouldbusk | 0.26% | 0.52% | 0.93% | 1.48% | 1.96% |
| Novice | 0.35% | 1.98% | 2.45% | 2.45% | 2.45% |
| Rockwood | 0.18% | 0.27% | 0.65% | 1.89% | 1.89% |
| Santa Anna | 0.61% | 1.20% | 1.89% | 2.54% | 2.54% |
| Talpa | 0.42% | 0.71% | 1.21% | 1.96% | 1.96% |
| Valera | 0.53% | 0.74% | 1.96% | 1.96% | 1.96% |
| Voss | 0.87% | 1.38% | 1.96% | 1.96% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Coleman County, Texas
In Coleman County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Coleman County Appraisal District. The assessed value, however, 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. Assessment notices in Coleman County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Coleman County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Brownwood has the highest median tax bill at $3,023, while Clyde has the lowest at $287.
Average Coleman County Assessed Value
$44,875
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coleman County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bangs | $96,898 | $182,605 | $332,760 | $514,458 | $607,189 |
| Brookesmith | N/A | N/A | N/A | N/A | N/A |
| Brownwood | N/A | N/A | N/A | N/A | N/A |
| Burkett | $2,910 | $9,720 | $42,830 | $232,000 | $597,300 |
| Clyde | $1,858 | $6,455 | $14,500 | $34,310 | $75,230 |
| Coleman | $4,946 | $15,180 | $38,070 | $84,045 | $211,516 |
| Cross Plains | $31,930 | $45,468 | $116,970 | $293,352 | $535,130 |
| Goldsboro | $15,072 | $53,310 | $109,760 | $376,620 | $692,962 |
| Gouldbusk | $51,727 | $101,355 | $209,625 | $403,420 | $691,405 |
| Novice | $3,398 | $12,890 | $36,240 | $97,860 | $469,196 |
| Rockwood | $9,742 | $30,385 | $161,180 | $570,875 | $830,648 |
| Santa Anna | $6,731 | $31,530 | $70,245 | $149,778 | $392,904 |
| Talpa | $6,034 | $38,200 | $104,560 | $296,440 | $686,102 |
| Valera | $5,345 | $22,412 | $53,920 | $96,968 | $311,430 |
| Voss | $5,548 | $15,292 | $41,405 | $102,002 | $308,823 |
Source: Ownwell
Property Tax Bills Across Coleman County, Texas
In Coleman County, TX, property tax bills are calculated based on the assessed value of the property. The local tax assessor determines this assessed value, which is then multiplied by the county's property tax rate to calculate the annual tax bill. Several factors influence this assessed value, including the property's market value and any applicable exemptions. For homeowners in Coleman County, the median home price is $44,875. The tax bill can vary significantly, with the 25th percentile at $365 and the 75th percentile reaching $1,731. At the higher end, the 90th percentile tax bill is $3,042. Comparatively, the highest median tax bill in the county is $3,023 in Brownwood, while the lowest is $287 in Clyde. Understanding these numbers is crucial for homeowners, as property taxes can significantly impact annual expenses. With the national median property tax rate at 0.99%, Coleman County homeowners may find their tax bills relatively manageable, but it’s essential to stay informed about local assessments and exemptions to optimize their tax obligations.
Average Coleman County Tax Bill
$898
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Coleman County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bangs | $606 | $1,000 | $1,486 | $3,435 | $4,068 |
| Brookesmith | N/A | N/A | N/A | N/A | N/A |
| Brownwood | N/A | N/A | N/A | N/A | N/A |
| Burkett | $58 | $192 | $683 | $1,808 | $3,017 |
| Clyde | $37 | $128 | $287 | $679 | $1,489 |
| Coleman | $117 | $356 | $858 | $1,673 | $3,002 |
| Cross Plains | $475 | $841 | $1,304 | $1,845 | $3,345 |
| Goldsboro | $174 | $427 | $1,022 | $1,505 | $1,957 |
| Gouldbusk | $341 | $960 | $1,690 | $2,606 | $4,192 |
| Novice | $81 | $308 | $750 | $1,313 | $2,509 |
| Rockwood | $129 | $341 | $883 | $1,673 | $3,875 |
| Santa Anna | $161 | $579 | $1,120 | $1,993 | $3,152 |
| Talpa | $118 | $478 | $1,045 | $2,172 | $3,570 |
| Valera | $105 | $340 | $716 | $1,115 | $2,196 |
| Voss | $109 | $293 | $683 | $1,480 | $2,747 |
Source: Ownwell