Meadows Place, Texas Property Taxes
The median property tax rate in Meadows Place, TX is 1.67%, aligning with the Texas state median but significantly higher than the national median of 0.99%. With a median home value of $284,238 in Meadows Place, the typical annual property tax bill is $4,653, which surpasses the national median of $2,690. Property taxes in Meadows Place are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. By understanding Meadows Place's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether residing in the heart of Meadows Place or its surrounding areas, a thorough grasp of the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Meadows Place, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$4,747
$4,405
$1,148
Average Tax Savings
Ownwell’s Meadows Place Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meadows Place with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meadows Place to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Meadows Place. 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 Meadows Place, Texas
Property taxes in Meadows Place, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Meadows Place is 1.67%, higher than both the Texas state median of 1.6% and the U.S. national median of 0.99%. Local government entities within Meadows Place set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meadows Place 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 Meadows Place's effective property tax rate to other counties in Texas and the national median. For comparison, the 77477 zip code has the highest median property tax rate of 1.67%, while the 77477 zip code also has the lowest median tax rate of 1.67%. Understanding how these cities compare with Meadows Place provides valuable insights into the varying tax landscape across Fort Bend County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Meadows Place Tax Rate
1.67%
Average Fort Bend County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meadows Place, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77477 | 1.00% | 1.22% | 1.67% | 1.81% | 2.26% |
Source: Ownwell
$1,148
Average Meadows Place Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Meadows Place, Texas
In Meadows Place, 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 Fort Bend 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 Meadows Place, 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. For instance, the median home price in Meadows Place is $284,238, with tax bills ranging from $3,483 at the 25th percentile to $6,443 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 77477, with a median tax bill of $4,653. Being aware of these valuation processes in Meadows Place helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Meadows Place Assessed Value
$284,238
Average Fort Bend County Assessed Value
$370,984
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Meadows Place, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77477 | $252,809 | $267,936 | $284,238 | $304,044 | $328,604 |
Source: Ownwell
$1,148
Average Meadows Place Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Meadows Place, Texas
In Meadows Place, TX, property tax bills are calculated based on the assessed value of a home and the tax rate set by local taxing authorities. For instance, the median home price in Meadows Place is $284,238. Homeowners in the 25th percentile of tax bills pay around $3,483, while those in the 75th percentile pay about $5,636. Factors such as property size, location, and improvements can influence these assessed values, ultimately affecting the tax bill. Compared to the national median property tax rate of 0.99%, Meadows Place homeowners often face higher tax bills, with the highest median tax bill in the area being $4,653. This significant expense can be burdensome for many homeowners. Ownwell assists by offering property tax appeal and exemption services, ensuring that homeowners are not overpaying. By leveraging expert knowledge and data-driven insights, Ownwell can help reduce property tax bills, providing substantial savings and financial relief for homeowners in Meadows Place.
Average Meadows Place Tax Bill
$4,653
Average Fort Bend County Tax Bill
$6,331
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Meadows Place, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77477 | $2,738 | $3,483 | $4,653 | $5,636 | $6,443 |
Source: Ownwell
$1,148
Average Meadows Place Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Fort Bend Appraisal District | |
| Phone | (281) 344-8623 |
| Website | esearch.fbcad.org |
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