Abilene, Texas Property Taxes
The median property tax rate in Abilene, TX is 1.78%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Abilene, the typical annual property tax bill reaches $2,692, just above the national median of $2,690. Property taxes in Abilene are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Abilene'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 Abilene 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
Abilene, 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 Abilene Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Abilene with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Abilene to provide an estimated property tax bill. This insightful tool helps you understand potential tax liabilities and plan accordingly. For those interested in more granular data, further localized information is available below. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Abilene, Texas
Property taxes in Abilene, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Abilene is 1.78%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Abilene set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abilene 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 Abilene's effective property tax rate to other counties in Texas and the national median. For comparison, the 79601 zip code has the highest median property tax rate of 1.78%, while the 79601 zip code also has the lowest median tax rate of 1.78%. Understanding how these cities compare with Abilene provides valuable insights into the varying tax landscape across Jones County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Abilene Tax Rate
1.78%
Average Jones County Tax Rate
1.86%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Abilene, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79601 | 0.87% | 1.38% | 1.78% | 2.53% | 2.63% |
Source: Ownwell
Property Tax Assessment Values Across Abilene, Texas
In Abilene, 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 Jones 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 Abilene, 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 instance, the highest median tax bill in the area is $2,692 in the 79601 zip code, while the lowest median tax bill is also $2,692 in the same 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 Abilene helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Abilene Assessed Value
$160,050
Average Jones County Assessed Value
$99,290
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Abilene, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79601 | $47,980 | $98,200 | $160,050 | $242,690 | $362,668 |
Source: Ownwell
Property Tax Bills Across Abilene, Texas
In Abilene, property tax bills are calculated based on the assessed value of a home, which is determined by the Jones County Appraisal District. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Abilene's property tax rate is influenced by various factors, including city services, school district funding, and infrastructure needs. For homeowners in Abilene, the median home price is $160,050. The property tax bills can vary significantly, with the 25th percentile paying around $1,441 and the 75th percentile facing bills as high as $4,182. For those at the 90th percentile, tax bills can reach up to $6,049. The highest median tax bill in Abilene is $2,692, found in the 79601 zip code. Compared to the national median property tax rate of 0.99%, Abilene's property tax rates can be quite impactful, affecting homeowners' annual budgets and influencing decisions on homeownership and investments.
Average Abilene Tax Bill
$2,692
Average Jones County Tax Bill
$1,671
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Abilene, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79601 | $681 | $1,441 | $2,692 | $4,182 | $6,049 |
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 | |
|---|---|
| Jones Appraisal District | |
| Website | www.jonescad.org |