Giddings, Texas Property Taxes
The median property tax rate in Giddings, TX is 1.48%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $186,680 in Giddings, the typical annual property tax bill amounts to $2,622, falling below the national median of $2,690. Property taxes in Giddings are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Giddings' property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial annual savings. Whether you reside in Giddings or another part of Lee County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Giddings, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$2,763
$2,564
Ownwell’s Giddings Property Tax Bill Calculator is designed to assist homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Giddings with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Giddings to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends on a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes and considers any applicable exemptions.
Property Tax Rates Across Giddings, Texas
Property taxes in Giddings, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Giddings is 1.48%, higher than both the Texas state median of 1.6% and the U.S. national median of 0.99%. Local government entities within Giddings set these rates annually, and they can vary significantly across different neighborhoods. Each year, Giddings 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 Giddings' effective property tax rate to other counties in Texas and the national median. For comparison, the 78942 zip code has the highest median property tax rate of 1.48%, while the 78942 zip code has the lowest median tax rate of 1.48%. Understanding how these cities compare with Giddings provides valuable insights into the varying tax landscape across Lee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Giddings Tax Rate
1.48%
Average Lee County Tax Rate
1.46%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Giddings, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78942 | 0.81% | 1.24% | 1.48% | 2.06% | 2.06% |
Source: Ownwell
Property Tax Assessment Values Across Giddings, Texas
In Giddings, 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 Lee 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 Giddings, 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 Giddings helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Giddings are both $2,622, found in the 78942 zip code.
Average Giddings Assessed Value
$186,680
Average Lee County Assessed Value
$200,180
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Giddings, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78942 | $25,594 | $74,440 | $186,680 | $298,950 | $499,728 |
Source: Ownwell
Property Tax Bills Across Giddings, Texas
In Giddings, located in Lee County, TX, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of homes. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Giddings, the median home price is $186,680. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,071 and the 75th percentile reaching $4,357. At the 90th percentile, homeowners might see a tax bill as high as $5,915. These figures highlight the range of property tax burdens depending on home values and specific circumstances. Compared to the national median property tax rate of 0.99%, Giddings homeowners experience varying tax bills that can impact their financial planning and homeownership costs. Understanding these factors is crucial for budgeting and managing property-related expenses effectively.
Average Giddings Tax Bill
$2,622
Average Lee County Tax Bill
$2,398
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Giddings, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78942 | $360 | $1,071 | $2,622 | $4,357 | $5,915 |
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 | |
|---|---|
| Lee Appraisal District | |
| Website | esearch.lee-cad.org |