Artesia Wells, Texas Property Taxes
The median property tax rate in Artesia Wells, TX is 0.44%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Artesia Wells at $25,760, the typical annual property tax bill amounts to $130, far below the national median of $2,690. Property taxes in Artesia Wells are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Artesia Wells' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Artesia Wells 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
Artesia Wells, 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 Artesia Wells Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Artesia Wells with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Artesia Wells 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 Artesia Wells, Texas
Property taxes in Artesia Wells, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Artesia Wells is 0.44%, which is significantly lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Artesia Wells set these rates annually, and they can vary significantly across different neighborhoods. Each year, Artesia Wells 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 Artesia Wells's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 78001 has the highest median property tax rate of 0.44%, while the same zip code also has the lowest median tax rate of 0.44%. Understanding how these cities compare with Artesia Wells provides valuable insights into the varying tax landscape across La Salle County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Artesia Wells Tax Rate
0.44%
Average La Salle County Tax Rate
2.08%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Artesia Wells, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78001 | 0.41% | 0.42% | 0.44% | 0.90% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Artesia Wells, Texas
In Artesia Wells, 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 La Salle 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 Artesia Wells, 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 Artesia Wells is $25,760, with tax bills ranging from $115 at the 25th percentile to $1,292 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 78001, standing at $130. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Artesia Wells Assessed Value
$25,760
Average La Salle County Assessed Value
$28,385
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Artesia Wells, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78001 | $22,310 | $24,320 | $25,760 | $29,480 | $81,674 |
Source: Ownwell
Property Tax Bills Across Artesia Wells, Texas
In Artesia Wells, La Salle County, TX, property tax bills are calculated based on the assessed value of the property. The median home price in the area is $25,760. To determine the tax bill, the assessed value is multiplied by the local tax rate, which varies by jurisdiction. For instance, the tax bill at the 25th percentile is $115, while at the 75th percentile, it rises to $856, and at the 90th percentile, it reaches $1,292. These figures illustrate the range of property tax bills homeowners might encounter, influenced by the property's value and the specific tax rate applied. The highest and lowest median tax bills in the region both stand at $130, indicating a relatively uniform tax rate across different properties. Compared to the national median property tax rate of 0.99%, homeowners in Artesia Wells experience a different financial impact, which can significantly affect their annual budget. Understanding these factors helps homeowners anticipate their property tax responsibilities and plan accordingly.
Average Artesia Wells Tax Bill
$130
Average La Salle County Tax Bill
$486
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Artesia Wells, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78001 | $105 | $115 | $130 | $856 | $1,292 |
Source: Ownwell