Celeste, Texas Property Taxes
The median property tax rate in Celeste, TX is 1.29%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Celeste at $273,105, the typical annual property tax bill reaches $3,477, exceeding the national median of $2,690. Property taxes in Celeste 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 Celeste'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 Celeste 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
Celeste, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$3,523
$3,269
Ownwell’s Celeste Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Celeste with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Celeste 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 Celeste, Texas
Property taxes in Celeste, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Celeste is 1.29%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Celeste set these rates annually, and they can vary significantly across different neighborhoods. Each year, Celeste 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 Celeste's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 75423 has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Celeste provides valuable insights into the varying tax landscape across Fannin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Celeste Tax Rate
1.29%
Average Fannin County Tax Rate
1.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Celeste, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75423 | 0.51% | 0.76% | 1.29% | 1.63% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Celeste, Texas
In Celeste, 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 Fannin 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 Celeste, 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 Celeste helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Celeste is $273,105, and the zip code with the highest and lowest median tax bill is 75423, at $3,477.
Average Celeste Assessed Value
$273,105
Average Fannin County Assessed Value
$196,430
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Celeste, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75423 | $79,649 | $194,390 | $273,105 | $500,220 | $635,862 |
Source: Ownwell
Property Tax Bills Across Celeste, Texas
In Celeste, located in Fannin County, TX, property tax bills are determined based on the assessed value of your home. The assessed value is calculated by the county appraisal district, which evaluates your property's market value. Once the assessed value is established, the local tax rate is applied to determine your annual property tax bill. Several factors influence this tax bill, including the market value of your home, local tax rates, and any applicable exemptions. For instance, the median home price in Celeste is $273,105. Homeowners at the 25th percentile can expect a tax bill around $1,416, while those at the 75th percentile might see a bill closer to $4,528. At the 90th percentile, tax bills can reach up to $6,581. Compared to the national median property tax rate of 0.99%, these figures provide insight into how local rates and property values impact homeowners. Understanding these factors can help homeowners anticipate their annual tax obligations and plan accordingly.
Average Celeste Tax Bill
$3,477
Average Fannin County Tax Bill
$2,400
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Celeste, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75423 | $1,097 | $1,416 | $3,477 | $4,528 | $6,581 |
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 | |
|---|---|
| Fannin Appraisal District | |
| Website | esearch.fannincad.org |