Cresson, Texas Property Taxes
The median property tax rate in Cresson, TX is 0.82%, which is notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Cresson at $104,188, the typical annual property tax bill amounts to $1,001, significantly below the national median of $2,690. Property taxes in Cresson are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Cresson’s property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Cresson or another part of the city, gaining insight into the local property tax system can be highly beneficial.
Last Updated June 14, 2024
Cresson, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$854
$793
$1,148
Average Tax Savings
Ownwell’s Cresson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cresson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cresson to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Cresson. 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 Cresson, Texas
Property taxes in Cresson, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cresson is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Cresson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cresson 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 Cresson's effective property tax rate to other counties in Texas and the national median. For comparison, the 76035 zip code has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these cities compare with Cresson provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cresson Tax Rate
0.82%
Average Johnson County Tax Rate
2.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cresson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76035 | 0.82% | 0.82% | 0.82% | 0.91% | 1.99% |
Source: Ownwell
$1,148
Average Cresson Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Cresson, Texas
In Cresson, 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 Johnson 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 Cresson, 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. The median home price in Cresson stands at $104,188, with the 25th percentile tax bill at $682 and the 75th percentile at $2,409. The highest and lowest median tax bills are both $1,001, located in the 76035 zip code. 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 Cresson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cresson Assessed Value
$104,188
Average Johnson County Assessed Value
$190,190
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cresson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76035 | $29,398 | $53,415 | $104,188 | $242,690 | $535,456 |
Source: Ownwell
$1,148
Average Cresson Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Cresson, Texas
In Cresson, Johnson County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, the median home price in Cresson is $104,188. Homeowners here can expect a tax bill ranging from $682 at the 25th percentile to $4,460 at the 90th percentile. These figures illustrate the significant variability in tax obligations depending on the home's assessed value and the specific tax rates applied. Factors such as property improvements, neighborhood developments, and market conditions can influence the assessed value, impacting the tax bill. High property taxes can place a financial burden on homeowners, making it crucial to ensure their property is fairly assessed. Ownwell can assist by providing property tax appeal and exemption services. Our experts analyze your property’s assessment, identify discrepancies, and file appeals to potentially lower your tax bill, ensuring you only pay your fair share.
Average Cresson Tax Bill
$1,001
Average Johnson County Tax Bill
$4,339
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cresson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76035 | $343 | $682 | $1,001 | $2,409 | $4,460 |
Source: Ownwell
$1,148
Average Cresson Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Johnson Appraisal District | |
| Website | esearch.johnsoncad.com |
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