Novice, Coleman County, Texas Property Taxes
The median property tax rate in Novice, TX is 2.45%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $36,240 in Novice, the typical annual property tax bill amounts to $750, which is below the national median of $2,690. Property taxes in Novice are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural use. Understanding Novice's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Novice or another part of Coleman County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Novice, Coleman County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.45%
Estimate Property Tax Bill
$888
$824
Ownwell’s Novice Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Novice with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Novice to provide an estimate of your property tax bill. This valuable tool helps you anticipate potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the value assigned by Coleman County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Novice, Coleman County, Texas
Property taxes in Novice, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Novice is 2.45%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Novice set these rates annually, and they can vary significantly across different neighborhoods. Each year, Novice 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 Novice's effective property tax rate to other counties in Texas and the national median. For comparison, the 79538 zip code has the highest median property tax rate of 2.45%, while the same zip code also has the lowest median tax rate of 2.45%. Understanding how these cities compare with Novice provides valuable insights into the varying tax landscape across Coleman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Novice Tax Rate
2.45%
Average Coleman County Tax Rate
2.45%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Novice, Coleman County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79538 | 0.35% | 1.98% | 2.45% | 2.45% | 2.45% |
Source: Ownwell
Property Tax Assessment Values Across Novice, Coleman County, Texas
In Novice, 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 Coleman 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 Novice, 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. The median home price in Novice is $36,240. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill in Novice is $750 in the 79538 zip code, which is also the lowest median tax bill. Being aware of these valuation processes in Novice helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Novice, Coleman County, Texas
Source: Ownwell
$14,500
$173,630
$332,760
Average Novice Assessed Value
$36,240
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 Novice, Coleman County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79538 | $3,398 | $12,890 | $36,240 | $97,860 | $469,196 |
Source: Ownwell
Property Tax Bills Across Novice, Coleman County, Texas
In Novice, located in Coleman County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local appraisal district and reflects the market value of the property. Homeowners in Novice can expect their property tax bills to vary significantly depending on the value of their homes. For instance, the median home price in Novice is $36,240. Property tax bills can range widely, with the 25th percentile at $308, the 75th percentile at $1,313, and the 90th percentile reaching up to $2,509. These figures indicate that while some homeowners may pay relatively low property taxes, others could face significantly higher bills, especially for higher-valued properties. Compared to the national median property tax rate of 0.99%, Novice's property tax rates can be quite variable, impacting homeowners differently based on their property's assessed value. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Novice Tax Bill
$750
Average Coleman County Tax Bill
$898
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Novice, Coleman County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79538 | $81 | $308 | $750 | $1,313 | $2,509 |
Source: Ownwell