Telegraph, Texas Property Taxes
The median property tax rate in Telegraph, TX is 0.63%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Telegraph, the typical annual property tax bill is $700, well below the national median of $2,690. Property taxes in Telegraph are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Telegraph'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 Telegraph 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
Telegraph, 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 Telegraph Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Telegraph with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Telegraph 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 Telegraph, Texas
Property taxes in Telegraph, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Telegraph is 0.63%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Telegraph set these rates annually, and they can vary significantly across different neighborhoods. Each year, Telegraph 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 Telegraph's effective property tax rate to other counties in Texas and the national median. For comparison, the 76883 zip code has the highest median property tax rate of 0.63%, while the same 76883 zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Telegraph provides valuable insights into the varying tax landscape across Kimble County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Telegraph Tax Rate
0.63%
Average Kimble County Tax Rate
0.99%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Telegraph, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76883 | 0.63% | 0.63% | 0.63% | 0.63% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Telegraph, Texas
In Telegraph, 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 Kimble 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 Telegraph, 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 Telegraph is $110,770, with the median tax bill being $700. Notably, the highest and lowest median tax bills are both $700, found in the zip code 76883. 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 Telegraph helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Telegraph Assessed Value
$110,770
Average Kimble County Assessed Value
$130,340
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Telegraph, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76883 | $110,770 | $110,770 | $110,770 | $110,770 | $110,770 |
Source: Ownwell
Property Tax Bills Across Telegraph, Texas
In Telegraph, located in Kimble County, TX, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Telegraph is $110,770. Property taxes are calculated by multiplying this assessed value by the local tax rate, which in this case results in a consistent tax bill of $700 across various percentiles, including the 25th, 75th, and 90th. Factors influencing the tax bill include the assessed value of the property and the local tax rate. The assessed value is a reflection of the property's market value, which can fluctuate based on real estate trends and improvements made to the property. The local tax rate is set by the county and can vary annually based on budgetary needs and voter-approved measures. For homeowners, this means that their annual property tax bill in Telegraph is relatively predictable, providing financial stability. However, it is essential for them to stay informed about any changes in the local tax rate or reassessments that could impact their future tax obligations.
Average Telegraph Tax Bill
$700
Average Kimble County Tax Bill
$1,187
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Telegraph, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76883 | $700 | $700 | $700 | $700 | $700 |
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 | |
|---|---|
| Kimble Appraisal District | |
| Website | propaccess.trueautomation.com |