Premont, Texas Property Taxes
The median property tax rate in Premont, TX is 2.52%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $37,084 in Premont, the typical annual property tax bill amounts to $923, which is still lower than the national median of $2,690. Property taxes in Premont are calculated based on the assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Premont's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Premont or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Premont, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.52%
Estimate Property Tax Bill
$935
$865
Ownwell’s Premont Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Premont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Premont 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 Premont, Texas
Property taxes in Premont, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Premont is 2.52%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Premont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Premont 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 Premont's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 78375 has the highest median property tax rate of 2.52%, while the same zip code also has the lowest median tax rate of 2.52%. Understanding how these cities compare with Premont provides valuable insights into the varying tax landscape across Jim Wells County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Premont Tax Rate
2.52%
Average Jim Wells County Tax Rate
2.37%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Premont, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78375 | 2.00% | 2.52% | 2.52% | 2.52% | 2.52% |
Source: Ownwell
Property Tax Assessment Values Across Premont, Texas
In Premont, 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 Jim Wells 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 Premont, 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 Premont is $37,084, with tax bills ranging from $396 at the 25th percentile to $2,444 at the 90th percentile. Being aware of these valuation processes in Premont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Premont Assessed Value
$37,084
Average Jim Wells County Assessed Value
$52,272
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Premont, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78375 | $5,160 | $16,438 | $37,084 | $65,498 | $101,745 |
Source: Ownwell
Property Tax Bills Across Premont, Texas
In Premont, Jim Wells 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 county appraisal district, which evaluates the property's market value. Homeowners in Premont experience varying tax bills depending on their property's assessed value and the specific tax rates set by local taxing authorities. For example, with a median home price of $37,084, homeowners can expect a tax bill ranging significantly. The 25th percentile tax bill is approximately $396, while the 75th percentile reaches about $1,606, and the 90th percentile can be as high as $2,444. These figures illustrate the broad spectrum of property tax burdens in the area. Compared to the national median property tax rate of 0.99%, homeowners in Premont may find their tax rates and bills to be relatively moderate. However, the exact impact on individual homeowners varies based on their property's assessed value and the specific local tax rates applied.
Average Premont Tax Bill
$923
Average Jim Wells County Tax Bill
$1,213
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Premont, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78375 | $129 | $396 | $923 | $1,606 | $2,444 |
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 | |
|---|---|
| Jim Wells Appraisal District | |
| Website | mytax.eztaxonline.net |