Nada, Texas Property Taxes
The median property tax rate in NADA, TX is 0.94%, slightly below the national median of 0.99% and significantly lower than the Texas state median of 1.67%. With a median home value of $105,385, the typical annual property tax bill in NADA amounts to $1,064, which is less than the national median of $2,690. Property taxes in NADA are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding NADA'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 NADA or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nada, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$991
$919
Ownwell’s NADA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NADA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NADA 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 Nada, Texas
Property taxes in NADA, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in NADA is 0.94%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within NADA set these rates annually, and they can vary significantly across different neighborhoods. Each year, NADA 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 NADA's effective property tax rate to other counties in Texas and the national median. For comparison, the 77460 zip code has both the highest and lowest median property tax rate of 0.94%. Understanding how these cities compare with NADA 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 Nada Tax Rate
0.94%
Average Colorado County Tax Rate
1.13%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nada, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77460 | 0.39% | 0.75% | 0.94% | 1.29% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Nada, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in NADA, Colorado County, Texas. 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 local 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 NADA, 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 NADA is $105,385, with tax bills ranging from $648 at the 25th percentile to $2,862 at the 90th percentile. The zip code with the highest median tax bill is 77460, which has a median tax bill of $1,064. Being aware of these valuation processes in NADA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Nada Assessed Value
$105,385
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 Nada, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77460 | $50,691 | $76,308 | $105,385 | $213,138 | $248,047 |
Source: Ownwell
Property Tax Bills Across Nada, Texas
In NADA, Colorado County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $105,385, the tax bill varies significantly across different percentiles. Homeowners in the 25th percentile face a tax bill of approximately $648, while those in the 75th percentile pay around $2,385. At the 90th percentile, the tax bill can reach up to $2,862. Factors such as property size, location, and market conditions influence the assessed value, impacting the overall tax burden on homeowners. With the national median property tax rate at 0.99%, comparing these figures highlights the variations within the region. Understanding these elements helps homeowners anticipate their financial responsibilities and plan accordingly, ensuring they are prepared for their annual property tax obligations.
Average Nada Tax Bill
$1,064
Average Colorado County Tax Bill
$1,356
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Nada, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77460 | $352 | $648 | $1,064 | $2,385 | $2,862 |
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 |