Scroggins, Texas Property Taxes
The median property tax rate in Scroggins, TX is 1.44%, which is significantly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $351,645 in Scroggins, the typical annual property tax bill amounts to $4,371, surpassing the national median of $2,690. Property taxes in Scroggins are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a clear understanding of Scroggins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of Scroggins or elsewhere in Franklin County, familiarizing yourself with the local property tax system can benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Scroggins, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$5,064
$4,699
Ownwell’s Scroggins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scroggins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scroggins 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 Scroggins, Texas
Property taxes in Scroggins, Texas, play a crucial role in financing essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scroggins is 1.44%, which is significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities in Scroggins set these rates annually, and they can vary across different neighborhoods. Each year, Scroggins 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 Scroggins' effective property tax rate to other counties in Texas and the national median. For comparison, the 75480 zip code has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Scroggins provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Scroggins Tax Rate
1.44%
Average Franklin County Tax Rate
1.44%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scroggins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75480 | 0.89% | 1.19% | 1.44% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Scroggins, Texas
In Scroggins, 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 Franklin 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 Scroggins, 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, in Scroggins, the highest median tax bill is $4,371 in the 75480 zip code. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Scroggins Assessed Value
$351,645
Average Franklin County Assessed Value
$201,820
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Scroggins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75480 | $58,028 | $158,502 | $351,645 | $694,050 | $1,002,944 |
Source: Ownwell
Property Tax Bills Across Scroggins, Texas
In Scroggins, located in Franklin County, TX, property tax bills are calculated based on the assessed value of a home, which reflects its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $351,645, homeowners can expect varying tax bills depending on their property’s assessed value and the specific tax rate applied. Several factors influence the tax bill, including property size, location, and any applicable exemptions. The tax bill can range significantly, as seen in the 25th percentile tax bill of $1,652 and the 75th percentile tax bill of $9,427. At the higher end, the 90th percentile tax bill reaches up to $13,938, illustrating the broad spectrum of property taxes in the area. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding these factors can help homeowners anticipate their financial obligations and manage their budgets effectively.
Average Scroggins Tax Bill
$4,371
Average Franklin County Tax Bill
$2,446
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Scroggins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75480 | $641 | $1,652 | $4,371 | $9,427 | $13,938 |
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 | |
|---|---|
| Franklin Appraisal District | |
| Website | esearch.franklin-cad.org |