Sweet Home, Texas Property Taxes
The median property tax rate in Sweet Home, TX is 1.26%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Sweet Home at $96,570, the typical annual property tax bill reaches $1,298, falling below the national median of $2,690. Property taxes in Sweet Home are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Sweet Home'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 Sweet Home 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
Sweet Home, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$1,217
$1,129
Ownwell’s Sweet Home Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sweet Home with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sweet Home 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 Sweet Home, Texas
Property taxes in Sweet Home, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sweet Home stands at 1.26%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Sweet Home set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sweet Home 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 Sweet Home's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 77987 has both the highest and lowest median property tax rate of 1.26%. Understanding how these cities compare with Sweet Home provides valuable insights into the varying tax landscape across Lavaca County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sweet Home Tax Rate
1.26%
Average Lavaca County Tax Rate
1.39%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sweet Home, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77987 | 0.94% | 1.24% | 1.26% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Sweet Home, Texas
In Sweet Home, 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 Lavaca 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 Sweet Home, 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 Sweet Home helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Sweet Home, the highest median tax bill is found in the zip code 77987, amounting to $1,298. The median home price here is $96,570, with tax bills ranging from $850 at the 25th percentile to $3,297 at the 90th percentile.
Average Sweet Home Assessed Value
$96,570
Average Lavaca County Assessed Value
$161,748
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sweet Home, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77987 | $29,464 | $57,028 | $96,570 | $204,152 | $334,681 |
Source: Ownwell
Property Tax Bills Across Sweet Home, Texas
In Sweet Home, located in Lavaca County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Sweet Home is $96,570, and the property tax rate is reflective of the broader Texas averages. Several factors influence the final tax bill, including the property's market value, any applicable exemptions, and the specific tax rate set by local authorities. Homeowners in Sweet Home can expect their tax bills to vary widely. For instance, tax bills at the 25th percentile are around $850, while those at the 75th percentile reach approximately $2,553. At the 90th percentile, homeowners might see tax bills as high as $3,297. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, making it crucial for residents to understand their tax obligations and potential exemptions.
Average Sweet Home Tax Bill
$1,298
Average Lavaca County Tax Bill
$2,167
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Sweet Home, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77987 | $386 | $850 | $1,298 | $2,553 | $3,297 |
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 | |
|---|---|
| Lavaca Appraisal District | |
| Website | propaccess.trueautomation.com |