Elkhart, Texas Property Taxes
The median property tax rate in Elkhart, TX is 1.37%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Elkhart at $89,990, the typical annual property tax bill amounts to $1,211, falling below the national median of $2,690. Property taxes in Elkhart are calculated based on the tax assessed value, which often remains lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Elkhart'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 Elkhart or another part of Houston County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Elkhart, 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 Elkhart Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elkhart with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elkhart 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 Elkhart, Texas
Property taxes in Elkhart, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elkhart is 1.37%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Elkhart set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elkhart 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 Elkhart's effective property tax rate to other counties in Texas and the national median. For comparison, the 75839 zip code has the highest median property tax rate of 1.37%, while the 75839 zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Elkhart provides valuable insights into the varying tax landscape across Houston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elkhart Tax Rate
1.37%
Average Houston County Tax Rate
1.41%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elkhart, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75839 | 1.25% | 1.34% | 1.37% | 1.41% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Elkhart, Texas
In Elkhart, 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 Houston 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 Elkhart, 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 highest median tax bill is found in the 75839 zip code, amounting to $1,211, while the lowest median tax bill is also in the same zip code. Being aware of these valuation processes in Elkhart helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Elkhart Assessed Value
$89,990
Average Houston County Assessed Value
$89,420
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elkhart, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75839 | $17,960 | $75,440 | $89,990 | $104,210 | $111,240 |
Source: Ownwell
Property Tax Bills Across Elkhart, Texas
Property tax bills in Elkhart, located in Houston County, TX, are determined by assessing the value of a property and applying the local tax rate. The assessed value is based on the market value of the home, which in Elkhart has a median home price of $89,990. Factors such as property size, location, and market conditions influence this valuation. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For example, homeowners in Elkhart see tax bills ranging from the 25th percentile at $939 to the 90th percentile at $1503, with a median tax bill of $1211. This is notably higher than the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Homeowners need to budget for these taxes as part of their annual homeownership costs, ensuring they are prepared for the financial responsibilities that come with owning property in Elkhart.
Average Elkhart Tax Bill
$1,211
Average Houston County Tax Bill
$1,317
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Elkhart, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75839 | $220 | $939 | $1,211 | $1,338 | $1,503 |
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 | |
|---|---|
| Houston Appraisal District | |
| Website | www.houstoncad.org |