O Brien, Texas Property Taxes
The median property tax rate in O'Brien, TX is 1.15%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in O'Brien at $50,720, the typical annual property tax bill is $621, significantly below the national median of $2,690. Property taxes in O'Brien are calculated based on the assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding O'Brien'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 O'Brien 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
O Brien, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$583
$541
Ownwell’s O Brien Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in O Brien with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in O Brien 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 O Brien, Texas
Property taxes in O'Brien, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in O'Brien is 1.15%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within O'Brien set these rates annually, and they can vary significantly across different neighborhoods. Each year, O'Brien 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 O'Brien's effective property tax rate to other counties in Texas and the national median. For comparison, the 79539 zip code has the highest median property tax rate of 1.15%, while the 79539 zip code has the lowest median tax rate of 1.15%. Understanding how these cities compare with O'Brien provides valuable insights into the varying tax landscape across Haskell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average O Brien Tax Rate
1.15%
Average Haskell County Tax Rate
1.85%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across O Brien, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79539 | 0.34% | 0.60% | 1.15% | 1.87% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across O Brien, Texas
In O'Brien, 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 Haskell 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 O'Brien, 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 O'Brien helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in O'Brien are both $621.00, found in the 79539 zip code.
Average O Brien Assessed Value
$50,720
Average Haskell County Assessed Value
$63,955
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across O Brien, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79539 | $21,624 | $30,920 | $50,720 | $136,255 | $323,316 |
Source: Ownwell
Property Tax Bills Across O Brien, Texas
In O'Brien, located in Haskell County, TX, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local appraisal district and is a percentage of the property's market value. For homeowners in O'Brien, the median home price is $50,720. Once the assessed value is established, the local tax rate is applied to determine the tax bill. Factors influencing the tax bill include property size, location, and any applicable exemptions. For instance, the 25th percentile tax bill in O'Brien is $372, while the 75th percentile reaches $910, and the 90th percentile can be as high as $1,238. Comparatively, the national median property tax rate is 0.99%, making O'Brien's property taxes relatively moderate. These taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, thereby influencing both the cost of living and the quality of life in the area.
Average O Brien Tax Bill
$621
Average Haskell County Tax Bill
$952
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across O Brien, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79539 | $239 | $372 | $621 | $910 | $1,238 |
Source: Ownwell