Yorktown, Texas Property Taxes
The median property tax rate in Yorktown, 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 Yorktown at $140,420, the typical annual property tax bill reaches $2,462, which is still below the national median of $2,690. Property taxes in Yorktown 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 Yorktown'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 Yorktown 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
Yorktown, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Yorktown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yorktown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yorktown 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 Yorktown, Texas
Property taxes in Yorktown, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yorktown is 1.88%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Yorktown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yorktown 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 Yorktown's effective property tax rate to other counties in Texas and the national median. For comparison, the 78164 zip code has the highest median property tax rate of 1.88%, while the 78164 zip code has the lowest median tax rate of 1.88%. Understanding how these cities compare with Yorktown provides valuable insights into the varying tax landscape across Goliad County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Yorktown Tax Rate
1.88%
Average Goliad County Tax Rate
1.88%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yorktown, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78164 | 1.50% | 1.82% | 1.88% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Yorktown, Texas
In Yorktown, 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 Goliad 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 Yorktown, 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. The median home price in Yorktown is $140,420, with tax bills ranging from $1,227 at the 25th percentile to $5,798 at the 90th percentile. The zip code with the highest and lowest median tax bill is 78164, both at $2,462. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Yorktown Assessed Value
$140,420
Average Goliad County Assessed Value
$106,818
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yorktown, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78164 | $25,797 | $70,037 | $140,420 | $236,942 | $330,048 |
Source: Ownwell
Property Tax Bills Across Yorktown, Texas
In Yorktown, property tax bills are determined based on the assessed value of a home, which is influenced by the local market conditions and property characteristics. The median home price in the area is $140,420. Property taxes are calculated by applying the local tax rate to the assessed value of the property. Homeowners in Yorktown typically see a wide range of tax bills. At the 25th percentile, tax bills are around $1,227, while at the 75th percentile, they rise to approximately $4,294. For those at the 90th percentile, tax bills can reach up to $5,798. The property tax rate in Yorktown is influenced by various factors, including the local government's budgetary needs and the overall property values in the area. Compared to the national median property tax rate of 0.99%, Yorktown's rates can vary significantly based on these factors. This variability can affect homeowners' financial planning, making it essential for them to understand how their property taxes are calculated and what to expect annually.
Average Yorktown Tax Bill
$2,462
Average Goliad County Tax Bill
$1,971
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Yorktown, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78164 | $314 | $1,227 | $2,462 | $4,294 | $5,798 |
Source: Ownwell