Poolville, Texas Property Taxes
The median property tax rate in Poolville, TX is 0.96%, slightly below the national median of 0.99% and significantly lower than the Texas state median of 1.67%. With a median home value of $248,395 in Poolville, the typical annual property tax bill is $2,324, which is under the national median of $2,690. Property taxes in Poolville are determined based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Navigating Poolville's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you reside in the heart of Poolville or another area within Jack County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Poolville, 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 Poolville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Poolville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Poolville 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 Poolville, Texas
Property taxes in Poolville, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Poolville is 1.81%, significantly higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Poolville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Poolville 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 Poolville's effective property tax rate to other counties in Texas and the national median. For comparison, the ZIP code 76487 has the highest median property tax rate of 1.81%, while the same ZIP code also has the lowest median tax rate of 1.81%. Understanding how these cities compare with Poolville provides valuable insights into the varying tax landscape across Jack County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Poolville Tax Rate
0.96%
Average Jack County Tax Rate
1.42%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Poolville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76487 | 0.26% | 0.55% | 0.96% | 1.53% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Poolville, Texas
In Poolville, 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 Jack 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 Poolville, 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. For example, the median home price in Poolville is $248,395, with tax bills ranging from $717 at the 25th percentile to $4,940 at the 90th percentile. 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 Poolville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Poolville Assessed Value
$248,395
Average Jack County Assessed Value
$110,330
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Poolville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76487 | $7,030 | $98,652 | $248,395 | $410,402 | $627,051 |
Source: Ownwell
Property Tax Bills Across Poolville, Texas
In Poolville, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the Jack County Appraisal District. The median home price in Poolville stands at $248,395. Homeowners in Poolville can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $717 and the 75th percentile reaching $3,793. For those at the 90th percentile, tax bills can go up to $4,940. These tax bills are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions. The highest and lowest median tax bills in the area are both reported at $2,324, indicating a relatively uniform distribution within the specified ZIP code 76487. Compared to the national median property tax rate of 0.99%, Poolville's property tax rates can have a substantial impact on homeowners, potentially affecting their financial planning and homeownership costs.
Average Poolville Tax Bill
$2,324
Average Jack County Tax Bill
$1,539
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Poolville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76487 | $92 | $717 | $2,324 | $3,793 | $4,940 |
Source: Ownwell