Voss, Coleman County, Texas Property Taxes
The median property tax rate in Voss, TX is 1.96%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Voss at $41,405, the typical annual property tax bill reaches $683, which is notably lower than the national median of $2,690. Property taxes in Voss are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Voss'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 Voss or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Voss, Coleman County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.96%
Estimate Property Tax Bill
$812
$753
Ownwell’s Voss Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Voss with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Voss 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 Voss, Coleman County, Texas
Property taxes in Voss, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Voss is 1.96%, significantly higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Voss set these rates annually, and they can vary significantly across different neighborhoods. Each year, Voss 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 Voss's effective property tax rate to other counties in Texas and the national median. For comparison, the 76888 zip code has the highest median property tax rate of 1.96%, while the same zip code also has the lowest median tax rate of 1.96%. Understanding how these cities compare with Voss 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 Voss Tax Rate
1.96%
Average Coleman County Tax Rate
2.45%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Voss, Coleman County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76888 | 0.87% | 1.38% | 1.96% | 1.96% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Voss, Coleman County, Texas
In Voss, 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 Voss, 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 Voss helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Voss, the zip code with the highest median tax bill is 76888, amounting to $683.00.
Property Tax Assessment Values Across Voss, Coleman County, Texas
Source: Ownwell
$14,500
$173,630
$332,760
Average Voss Assessed Value
$41,405
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 Voss, Coleman County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76888 | $5,548 | $15,292 | $41,405 | $102,002 | $308,823 |
Source: Ownwell
Property Tax Bills Across Voss, Coleman County, Texas
In Voss, located in Coleman 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 property's market value. The tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Voss, the median home price is $41,405. Property tax bills can vary significantly, with the 25th percentile at $293 and the 75th percentile reaching $1,480. At the 90th percentile, homeowners can expect to pay around $2,747 annually. These figures highlight the range of property tax burdens within the area, influenced by factors such as home value and specific local tax rates. Understanding these factors is crucial for homeowners, as property taxes represent a significant ongoing cost. Compared to the national median property tax rate of 0.99%, Voss residents face varying levels of tax obligations, which can impact their financial planning and homeownership costs.
Average Voss Tax Bill
$683
Average Coleman County Tax Bill
$898
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Voss, Coleman County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76888 | $109 | $293 | $683 | $1,480 | $2,747 |
Source: Ownwell