Carlton, Texas Property Taxes
The median property tax rate in Carlton, TX is 0.61%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Carlton being $404,110, the typical annual property tax bill reaches $2,090, which is below the national median of $2,690. Property taxes in Carlton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Carlton'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 Carlton 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
Carlton, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$2,465
$2,288
Ownwell’s Carlton Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Carlton with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Carlton to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities, giving you a clearer financial picture. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes and considers any applicable exemptions.
Property Tax Rates Across Carlton, Texas
Property taxes in Carlton, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carlton is 1.21%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Carlton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carlton 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 Carlton's effective property tax rate to other counties in Texas and the national median. For comparison, the 76436 zip code has the highest median property tax rate of 1.21%, while the 76436 zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Carlton provides valuable insights into the varying tax landscape across Comanche County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carlton Tax Rate
0.61%
Average Comanche County Tax Rate
1.49%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carlton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76436 | 0.20% | 0.39% | 0.61% | 1.02% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Carlton, Texas
In Carlton, 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 Comanche 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 Carlton, 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 Carlton is $404,110, with property tax bills ranging from $1,008 at the 25th percentile to $4,984 at the 90th percentile. The highest and lowest median tax bills are both found in the 76436 zip code, valued at $2,090. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Carlton Assessed Value
$404,110
Average Comanche County Assessed Value
$123,090
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carlton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76436 | $52,077 | $208,925 | $404,110 | $681,648 | $1,237,534 |
Source: Ownwell
Property Tax Bills Across Carlton, Texas
In Carlton, located in Comanche County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. 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 $404,110, homeowners can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $1,008, while at the 75th percentile, they rise to approximately $3,554. In the top 10% of properties, tax bills can reach up to $4,984. Several factors influence these amounts, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Carlton's rates reflect the local economic conditions and funding needs for public services. For homeowners, understanding these factors is crucial as they directly impact annual financial planning and long-term investment in property.
Average Carlton Tax Bill
$2,090
Average Comanche County Tax Bill
$1,545
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Carlton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76436 | $600 | $1,008 | $2,090 | $3,554 | $4,984 |
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 | |
|---|---|
| Comanche Appraisal District | |
| Website | esearch.comanchecad.org |