Kosse, Texas Property Taxes
The median property tax rate in Kosse, TX is 1.88%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Kosse at $131,570, the typical annual property tax bill reaches $2,378, which is still below the national median of $2,690. Property taxes in Kosse 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 Kosse'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 Kosse 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
Kosse, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.88%
Estimate Property Tax Bill
$2,474
$2,289
Ownwell’s Kosse Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Kosse with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Kosse to provide an estimated property tax bill. This valuable tool offers clarity on your potential tax liabilities. For those interested in neighborhood trends, additional localized information is available below. Your property’s assessed value is the amount determined by Falls County for property tax purposes, considering any applicable exemptions.
Property Tax Rates Across Kosse, Texas
Property taxes in Kosse, Texas, play a crucial role in financing essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kosse is 1.88%, which is significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Kosse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kosse 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 Kosse's effective property tax rate to other counties in Texas and the national median. For comparison, the 76653 zip code has the highest median property tax rate of 1.88%, while the same zip code also has the lowest median tax rate of 1.88%. Understanding how these cities compare with Kosse provides valuable insights into the varying tax landscape across Falls County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kosse Tax Rate
1.88%
Average Falls County Tax Rate
2.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kosse, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76653 | 0.68% | 1.14% | 1.88% | 2.30% | 2.56% |
Source: Ownwell
Property Tax Assessment Values Across Kosse, Texas
In Kosse, 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 Falls 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 Kosse, 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. The median home price in Kosse stands at $131,570, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $1,159, while the 75th percentile tax bill is $4,107, and the 90th percentile tax bill reaches up to $5,245. The highest and lowest median tax bills are both $2,378, found in the 76653 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kosse Assessed Value
$131,570
Average Falls County Assessed Value
$76,900
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kosse, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76653 | $41,410 | $70,128 | $131,570 | $258,332 | $540,190 |
Source: Ownwell
Property Tax Bills Across Kosse, Texas
In Kosse, located in Falls County, TX, property tax bills are determined based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by the local appraisal district. Homeowners in Kosse can expect a range of property tax bills depending on where their home's value falls. For instance, those in the 25th percentile typically pay around $1,159 annually, while those in the 75th percentile see bills closer to $4,107. The highest median tax bill recorded in the area is $2,378. These figures are influenced by various factors, including the home's location, size, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Kosse's rates reflect the local economic conditions and funding needs for public services such as schools and infrastructure. High property taxes can significantly impact homeowners by increasing their annual expenses, affecting affordability, and potentially influencing their decision to buy or sell property.
Average Kosse Tax Bill
$2,378
Average Falls County Tax Bill
$1,609
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Kosse, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76653 | $588 | $1,159 | $2,378 | $4,107 | $5,245 |
Source: Ownwell