Center Point, Texas Property Taxes
The median property tax rate in Center Point, TX is 0.98%, slightly below the national median of 0.99% and significantly lower than the Texas state median of 1.67%. With the median home value in Center Point at $160,649, the typical annual property tax bill is $1,322, which is more affordable compared to the national median of $2,690. Property taxes in Center Point are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Center Point'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 Center Point or another part of the city, being knowledgeable about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Center Point, 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 Center Point Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Center Point. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Center Point to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan accordingly. For those interested in more localized trends, additional neighborhood-level information is available further down the page. Your property’s assessed value is determined by Kerr County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Center Point, Texas
Property taxes in Center Point, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Center Point is 0.98%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Center Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, Center Point 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 Center Point's effective property tax rate to other counties in Texas and the national median. For comparison, the 78010 zip code has the highest median property tax rate of 0.98%, while the 78010 zip code also has the lowest median tax rate of 0.98%. Understanding how these cities compare with Center Point provides valuable insights into the varying tax landscape across Kerr County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Center Point Tax Rate
0.98%
Average Kerr County Tax Rate
1.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Center Point, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78010 | 0.46% | 0.61% | 0.98% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Center Point, Texas
In Center Point, 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 Kerr 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 Center Point, 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. Being aware of these valuation processes in Center Point helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 78010 has the highest and lowest median tax bill at $1322.
Average Center Point Assessed Value
$160,649
Average Kerr County Assessed Value
$241,957
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Center Point, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78010 | $25,186 | $68,613 | $160,649 | $335,784 | $527,652 |
Source: Ownwell
Property Tax Bills Across Center Point, Texas
In Center Point, TX, property tax bills are calculated based on the assessed value of your home, which is determined by the Kerr County Appraisal District. The assessed value is a percentage of the market value of your property. This value is then multiplied by the local tax rate to determine your annual property tax bill. For example, with a median home price of $160,649, homeowners can expect a wide range of tax bills. At the 25th percentile, tax bills are around $476, while at the 75th percentile, they can reach $2,935. For those at the 90th percentile, tax bills can be as high as $4,587. These taxes fund essential public services such as schools, roads, and emergency services, directly impacting the quality of life in Center Point. Compared to the national median property tax rate of 0.99%, the rates in Kerr County can vary, affecting how much homeowners ultimately pay.
Average Center Point Tax Bill
$1,322
Average Kerr County Tax Bill
$2,815
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Center Point, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78010 | $211 | $476 | $1,322 | $2,935 | $4,587 |
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 | |
|---|---|
| Kerr Appraisal District | |
| Website | esearch.kerrcad.org |