Trent, Texas Property Taxes
The median property tax rate in Trent, TX is 0.67%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Trent, the typical annual property tax bill reaches $450, significantly below the national median of $2,690. Property taxes in Trent 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 Trent'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 Trent 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
Trent, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$497
$460
Ownwell’s Trent Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trent with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trent 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 Trent, Texas
Property taxes in Trent, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trent is 0.67%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Trent set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trent 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 Trent's effective property tax rate to other counties in Texas and the national median. For comparison, the 79561 zip code has the highest median property tax rate of 0.67%, while the same zip code has the lowest median tax rate of 0.67%. Understanding how these cities compare with Trent provides valuable insights into the varying tax landscape across Fisher County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Trent Tax Rate
0.67%
Average Fisher County Tax Rate
1.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trent, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79561 | 0.52% | 0.59% | 0.67% | 0.74% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Trent, Texas
In TRENT, 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 Fisher 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 TRENT, 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 TRENT helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 79561, with a value of $450, which is also the lowest median tax bill in the area.
Average Trent Assessed Value
$74,210
Average Fisher County Assessed Value
$68,150
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Trent, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79561 | $18,264 | $32,785 | $74,210 | $171,130 | $243,492 |
Source: Ownwell
Property Tax Bills Across Trent, Texas
In Trenton, Fisher County, TX, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county appraisal district and reflects the market value of your property. This value is then multiplied by the local tax rate to calculate your annual property tax bill. The median home price in Trenton stands at $74,210, which is relatively low compared to national figures. Consequently, property tax bills here can vary significantly. For instance, homeowners in the 25th percentile pay around $200, while those in the 75th percentile face bills as high as $1,138. At the 90th percentile, the tax bill can reach up to $1,663. These variations are influenced by factors such as property size, location, and any applicable exemptions. Understanding these factors is crucial for homeowners to anticipate their property tax obligations and manage their finances effectively.
Average Trent Tax Bill
$450
Average Fisher County Tax Bill
$753
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Trent, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79561 | $126 | $200 | $450 | $1,138 | $1,663 |
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 | |
|---|---|
| Fisher Appraisal District | |
| Website | esearch.fishercad.org |