Flat, Texas Property Taxes
The median property tax rate in FLAT, TX is 1.28%, which is considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in FLAT, the typical annual property tax bill reaches $566, significantly below the national median of $2,690. Property taxes in FLAT are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding FLAT'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 FLAT 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
Flat, 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 FLAT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FLAT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FLAT 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 Flat, Texas
Property taxes in FLAT, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in FLAT is 1.28%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within FLAT set these rates annually, and they can vary significantly across different neighborhoods. Each year, FLAT 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 FLAT's effective property tax rate to other counties in Texas and the national median. For comparison, the 76526 zip code has the highest median property tax rate of 1.28%, while the 76526 zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with FLAT provides valuable insights into the varying tax landscape across Coryell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Flat Tax Rate
1.28%
Average Coryell County Tax Rate
1.21%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flat, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76526 | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Flat, Texas
In FLAT, 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 Coryell 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 FLAT, 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. For example, FLAT's median home price is $44,279, with tax bills ranging from $317 at the 25th percentile to $1,437 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Flat Assessed Value
$44,279
Average Coryell County Assessed Value
$187,894
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Flat, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76526 | $17,501 | $24,770 | $44,279 | $93,845 | $112,337 |
Source: Ownwell
Property Tax Bills Across Flat, Texas
In FLAT, situated in Coryell County, TX, property tax bills are calculated based on the property's assessed value and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors influence the tax bill, including property size, location, and any improvements made to the property. For homeowners in FLAT, the median home price is approximately $44,279, resulting in varied tax bills. For instance, the 25th percentile tax bill is around $317, while the 75th percentile reaches $1,200, and the 90th percentile can go up to $1,437. These tax bills can significantly impact homeowners, as they contribute to the overall cost of owning a property. Understanding how these bills are calculated helps homeowners plan their finances more effectively and anticipate annual expenses.
Average Flat Tax Bill
$566
Average Coryell County Tax Bill
$1,950
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Flat, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76526 | $224 | $317 | $566 | $1,200 | $1,437 |
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 | |
|---|---|
| Coryell Appraisal District | |
| Website | propertysearch.coryellcad.org |