Alleyton, Texas Property Taxes
The median property tax rate in Alleyton, TX is 1.07%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Alleyton, the typical annual property tax bill reaches $1,445, which is below the national median of $2,690. Property taxes in Alleyton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Alleyton'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 Alleyton or another part of Colorado County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alleyton, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Alleyton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alleyton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alleyton 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 Alleyton, Texas
Property taxes in Alleyton, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alleyton is 1.07%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Alleyton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alleyton 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 Alleyton's effective property tax rate to other counties in Texas and the national median. For comparison, the 78935 zip code has the highest median property tax rate of 1.07%, while the 78935 zip code has the lowest median tax rate of 1.07%. Understanding how these cities compare with Alleyton provides valuable insights into the varying tax landscape across Colorado County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alleyton Tax Rate
1.07%
Average Colorado County Tax Rate
1.13%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alleyton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78935 | 0.34% | 0.74% | 1.07% | 1.27% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Alleyton, Texas
In Alleyton, 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 Colorado 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 Alleyton, 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. The median home price in Alleyton is $118,920, with tax bills ranging from $494 at the 25th percentile to $5,368 at the 90th percentile. The highest and lowest median tax bills, both $1,445, are found in the 78935 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alleyton Assessed Value
$118,920
Average Colorado County Assessed Value
$111,020
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alleyton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78935 | $11,266 | $36,132 | $118,920 | $321,385 | $486,821 |
Source: Ownwell
Property Tax Bills Across Alleyton, Texas
In Alleyton, Colorado County, TX, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Factors influencing the tax bill include property size, location, and any applicable exemptions. For instance, homeowners may qualify for homestead exemptions, which can reduce the taxable value of their property. The impact on homeowners can vary significantly. In Alleyton, the median home price is $118,920. Tax bills range widely, with the 25th percentile at $494 and the 75th percentile at $3,735. At the higher end, the 90th percentile tax bill reaches $5,368. These figures highlight the variability in property taxes, emphasizing the importance of assessed values and local rates in determining the final tax bill. This variability can significantly affect homeowners' annual expenses and financial planning.
Average Alleyton Tax Bill
$1,445
Average Colorado County Tax Bill
$1,356
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Alleyton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78935 | $195 | $494 | $1,445 | $3,735 | $5,368 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Colorado Appraisal District | |
| Website | propaccess.trueautomation.com |