Karnack, Texas Property Taxes
The median property tax rate in Karnack, TX is 1.00%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $54,600 in Karnack, the typical annual property tax bill amounts to $463, which is significantly below the national median of $2,690. Property taxes in Karnack are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Karnack'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 Karnack 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
Karnack, 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 Karnack Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Karnack with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Karnack to determine your property tax bill. This practical tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by Harrison County for property tax calculations, considering any exemptions that may apply.
Property Tax Rates Across Karnack, Texas
Property taxes in Karnack, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Karnack is 1.00%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Karnack set these rates annually, and they can vary significantly across different neighborhoods. Each year, Karnack 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 Karnack's effective property tax rate to other counties in Texas and the national median. For comparison, the 75661 ZIP code has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with Karnack provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Karnack Tax Rate
1.00%
Average Harrison County Tax Rate
1.31%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Karnack, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75661 | 0.63% | 0.95% | 1.00% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Karnack, Texas
In Karnack, 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 Harrison 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 Karnack, 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 Karnack helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 75661 has both the highest and lowest median tax bill values at $463, reflecting the diverse property tax landscape within the area.
Average Karnack Assessed Value
$54,600
Average Harrison County Assessed Value
$72,430
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Karnack, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75661 | $6,880 | $19,060 | $54,600 | $131,070 | $252,650 |
Source: Ownwell
Property Tax Bills Across Karnack, Texas
In Karnack, located in Harrison County, TX, property tax bills are calculated based on the assessed value of the property and the local tax rate. The median home price in Karnack is $54,600, which provides a baseline for determining property tax obligations. The assessed value is multiplied by the local tax rate to determine the annual tax bill. For example, homeowners in the 25th percentile pay around $156, while those in the 75th percentile face a tax bill of approximately $1,152. The 90th percentile sees bills as high as $2,204, indicating significant variability based on property value and specific assessments. The highest and lowest median tax bills in the region both stand at $463, which highlights a consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, Karnack's property tax rates can vary widely, impacting homeowners differently. Understanding these factors helps homeowners budget accordingly and anticipate their annual property tax responsibilities.
Average Karnack Tax Bill
$463
Average Harrison County Tax Bill
$887
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Karnack, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75661 | $57 | $156 | $463 | $1,152 | $2,204 |
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 | |
|---|---|
| Harrison Appraisal District | |
| Website | iswdataclient.azurewebsites.net |