Carbon, Texas Property Taxes
The median property tax rate in Carbon, TX is 1.35%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $88,155 in Carbon, the typical annual property tax bill amounts to $992, falling below the national median of $2,690. Property taxes in Carbon are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Navigating Carbon's property tax system, exploring available exemptions, and seeking opportunities for reductions can result in significant annual savings. Whether you're in the heart of Carbon or another area within Eastland County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Carbon, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$1,190
$1,101
Ownwell’s Carbon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carbon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carbon 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 Carbon, Texas
Property taxes in Carbon, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carbon is 1.35%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Carbon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carbon 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 Carbon's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 76435 has the highest median property tax rate of 1.35%, while the same zip code also represents the lowest median tax rate of 1.35%. Understanding how these cities compare with Carbon provides valuable insights into the varying tax landscape across Eastland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carbon Tax Rate
1.35%
Average Eastland County Tax Rate
1.80%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carbon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76435 | 0.58% | 1.19% | 1.35% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Carbon, Texas
In Carbon, 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 Eastland 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 Carbon, 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 Carbon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 76435 in Carbon has both the highest and lowest median tax bill at $992, with tax bills ranging from $266 at the 25th percentile to $3,137 at the 90th percentile.
Average Carbon Assessed Value
$88,155
Average Eastland County Assessed Value
$83,990
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carbon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76435 | $3,649 | $23,300 | $88,155 | $177,955 | $374,853 |
Source: Ownwell
Property Tax Bills Across Carbon, Texas
In Carbon, located in Eastland County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. For homeowners in Carbon, the median home price is $88,155, and the property tax rate in Eastland County is reflective of the state's average rates. Several factors influence the final tax bill, including the property's assessed value, any applicable exemptions, and the specific tax rate set by local authorities. For instance, homeowners in the 25th percentile pay around $266 annually, while those in the 75th percentile face a tax bill of approximately $2,017. The 90th percentile tax bill can reach up to $3,137. Understanding these factors is crucial for homeowners as property taxes can significantly impact their annual expenses. Compared to the national median property tax rate of 0.99%, Carbon's rates offer a competitive advantage, potentially making it a more affordable place to own property.
Average Carbon Tax Bill
$992
Average Eastland County Tax Bill
$1,311
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Carbon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76435 | $48 | $266 | $992 | $2,017 | $3,137 |
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 | |
|---|---|
| Eastland Appraisal District | |
| Website | www.eastlandcad.org |