Sumner, Texas Property Taxes
The median property tax rate in Sumner, TX is 0.78%, 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 Sumner, the typical annual property tax bill amounts to $1,171, significantly below the national median of $2,690. Property taxes in Sumner are determined based on the assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of Sumner's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're residing in Sumner or investing in property there, familiarizing yourself with the local property tax system will provide financial benefits for both homeowners and real estate investors.
Last Updated June 14, 2024
Sumner, 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 Sumner Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Sumner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sumner 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 Sumner, Texas
Property taxes in Sumner, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sumner is 0.78%, which is lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Sumner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sumner 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 Sumner's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 75486 has both the highest and lowest median property tax rate of 0.78%. Understanding how these cities compare with Sumner provides valuable insights into the varying tax landscape across Lamar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sumner Tax Rate
0.78%
Average Lamar County Tax Rate
1.12%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sumner, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75486 | 0.32% | 0.52% | 0.78% | 1.18% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Sumner, Texas
In Sumner, 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 Lamar 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 Sumner, 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 Sumner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 75486 has the highest and lowest median tax bill at $1,171.
Average Sumner Assessed Value
$159,940
Average Lamar County Assessed Value
$126,530
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sumner, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75486 | $63,164 | $112,840 | $159,940 | $215,500 | $278,722 |
Source: Ownwell
Property Tax Bills Across Sumner, Texas
In Sumner, property tax bills are calculated based on the assessed value of the property, which is determined by the Lamar County appraisal district. The assessed value is a percentage of the market value of the home, which in Sumner has a median home price of $159,940. Property taxes are then calculated by applying the local tax rate to this assessed value. For homeowners in Sumner, the property tax bill can vary widely, with the 25th percentile paying around $716 and those in the 75th percentile facing bills closer to $1,884. At the 90th percentile, tax bills can reach up to $2,750. These variations depend on factors such as property location, improvements, and exemptions. Comparatively, the median tax bill in the highest and lowest zip code of Lamar County is $1,171. Understanding these factors helps homeowners anticipate their annual tax liabilities and plan their finances accordingly.
Average Sumner Tax Bill
$1,171
Average Lamar County Tax Bill
$1,230
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Sumner, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75486 | $314 | $716 | $1,171 | $1,884 | $2,750 |
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 | |
|---|---|
| Lamar Appraisal District | |
| Website | esearch.lamarcad.org |