Eastland, Texas Property Taxes
The median property tax rate in Eastland, TX is 1.80%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Eastland, the typical annual property tax bill reaches $1,753, exceeding the national median of $2,690. Property taxes in Eastland 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 Eastland'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 Eastland 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
Eastland, 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 Eastland Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers aiming to estimate their annual property taxes in Eastland. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Eastland to provide an accurate estimate of your property tax bill. This valuable resource helps you anticipate potential tax liabilities with ease. For those interested in more granular insights, you can explore trends at the neighborhood level by scrolling down for localized information. Your property’s assessed value, determined by the county, forms the basis for property tax calculations and incorporates any applicable exemptions.
Property Tax Rates Across Eastland, Texas
Property taxes in Eastland, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eastland is 1.80%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Eastland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eastland 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 Eastland's effective property tax rate to other counties in Texas and the national median. For comparison, the 76448 zip code has the highest median property tax rate of 1.80%, while the 76448 zip code also has the lowest median tax rate of 1.80%. Understanding how these cities compare with Eastland 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 Eastland Tax Rate
1.80%
Average Eastland County Tax Rate
1.80%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eastland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76448 | 1.17% | 1.29% | 1.80% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Eastland, Texas
In Eastland, 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 Eastland, 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 Eastland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Eastland is $1,753 in the 76448 zip code, while the lowest median tax bill is also $1,753 in the same zip code.
Average Eastland Assessed Value
$114,720
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 Eastland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76448 | $22,705 | $57,510 | $114,720 | $196,265 | $304,080 |
Source: Ownwell
Property Tax Bills Across Eastland, Texas
In Eastland, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Eastland is $114,720, and property taxes are determined by multiplying the assessed value by the local tax rate. For instance, homeowners at the 25th percentile pay around $877 annually, while those at the 75th percentile face a tax bill of approximately $3,026. At the higher end, the 90th percentile sees tax bills reaching up to $4,366. Several factors influence these tax bills, including the home's assessed value, which is based on market conditions and property characteristics, and the local tax rate set by the county. This system ensures that property taxes reflect the value and location of the property. Homeowners in Eastland, therefore, experience varying tax bills depending on their property's assessed value, with the highest median tax bill recorded at $1,753 in the 76448 zip code. This approach ensures that property taxes are proportionate to the property's worth, impacting homeowners differently based on their property's value.
Average Eastland Tax Bill
$1,753
Average Eastland County Tax Bill
$1,311
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Eastland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76448 | $296 | $877 | $1,753 | $3,026 | $4,366 |
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 |