Copperas Cove, Texas Property Taxes
The median property tax rate in Copperas Cove, TX is 0.91%, which is notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $303,525 in Copperas Cove, the typical annual property tax bill amounts to $2,620, slightly below the national median of $2,690. Property taxes in Copperas Cove are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Copperas Cove'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 Copperas Cove 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
Copperas Cove, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$2,762
$2,563
Ownwell’s Copperas Cove Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Copperas Cove with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Copperas Cove to provide an estimated property tax bill. This valuable tool offers insights into your potential tax liabilities. For a more detailed look at trends in specific neighborhoods, scroll down for localized information. Your property’s assessed value, determined by the county, forms the basis for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Copperas Cove, Texas
Property taxes in Copperas Cove, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Copperas Cove is 1.93%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Copperas Cove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Copperas Cove 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 Copperas Cove's effective property tax rate to other counties in Texas and the national median. For comparison, the 76522 zip code has the highest median property tax rate of 1.93%, while the same 76522 zip code also has the lowest median tax rate of 1.93%. Understanding how these cities compare with Copperas Cove provides valuable insights into the varying tax landscape across Coryell, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Copperas Cove Tax Rate
0.91%
Average Lampasas County Tax Rate
0.89%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Copperas Cove, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76522 | 0.37% | 0.66% | 0.91% | 1.32% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Copperas Cove, Texas
In Copperas Cove, 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 Lampasas 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 Copperas Cove, 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 Copperas Cove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 76522, with a median tax bill of $2,620. The 25th percentile tax bill stands at $1,474, while the 75th percentile tax bill is $3,995.
Average Copperas Cove Assessed Value
$303,525
Average Lampasas County Assessed Value
$268,280
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Copperas Cove, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76522 | $116,608 | $216,982 | $303,525 | $386,420 | $477,695 |
Source: Ownwell
Property Tax Bills Across Copperas Cove, Texas
In Copperas Cove, located in Lampasas County, TX, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in this area is $303,525. Property taxes are determined by multiplying the assessed value by the local tax rate, which varies by jurisdiction. Factors such as property improvements, market conditions, and neighborhood changes can influence the assessed value. Homeowners in Copperas Cove experience a range of property tax bills. For instance, the 25th percentile tax bill is $1,474, while the 75th percentile reaches $3,995, and the 90th percentile climbs to $5,227. Compared to the national median property tax rate of 0.99%, these figures highlight the significant impact property taxes can have on homeowners in this region. The highest and lowest median tax bills in the area are both $2,620, indicating a relatively consistent tax burden across different properties. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Copperas Cove Tax Bill
$2,620
Average Lampasas County Tax Bill
$2,214
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Copperas Cove, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76522 | $481 | $1,474 | $2,620 | $3,995 | $5,227 |
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 | |
|---|---|
| Lampasas Appraisal District | |
| Website | www.lampasascad.org |