Corner Of S Cleveland, Texas Property Taxes
The median property tax rate in the corner of S Cleveland, TX is 2.21%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $155,430, the typical annual property tax bill in this area reaches $3,434, surpassing the national median of $2,690. Property taxes here are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding the property tax system in the corner of S Cleveland, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of this region or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Corner Of S Cleveland, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.21%
Estimate Property Tax Bill
$3,435
$3,188
$1,148
Average Tax Savings
Ownwell’s CORNER OF S CLEVELAND Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in CORNER OF S CLEVELAND with just two data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in CORNER OF S CLEVELAND to provide an accurate property tax bill estimate. This valuable tool not only clarifies potential tax liabilities but also showcases how Ownwell's expert services can help reduce property taxes in CORNER OF S CLEVELAND. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations and incorporates any applicable exemptions.
Property Tax Rates Across Corner Of S Cleveland, Texas
Property taxes in Corner of S Cleveland, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Corner of S Cleveland is 2.21%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Corner of S Cleveland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Corner of S Cleveland 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 Corner of S Cleveland's effective property tax rate to other counties in Texas and the national median. For comparison, the highest median property tax rate in Texas is in the 77494 zip code with a rate of 2.51%, while the lowest median tax rate is in the 79763 zip code with a rate of 0.79%. Understanding how these cities compare with Corner of S Cleveland provides valuable insights into the varying tax landscape across Liberty County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Corner Of S Cleveland Tax Rate
2.21%
Average Liberty County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Corner Of S Cleveland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Corner Of S Cleveland Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Corner Of S Cleveland, Texas
In CORNER OF S CLEVELAND, 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 Liberty 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. 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 CORNER OF S CLEVELAND helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Corner Of S Cleveland, Texas
Source: Ownwell
$5,310
$285,980
$566,650
Average Corner Of S Cleveland Assessed Value
$155,430
Average Liberty County Assessed Value
$88,865
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Corner Of S Cleveland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Corner Of S Cleveland Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Corner Of S Cleveland, Texas
In Corner of S Cleveland, Liberty County, TX, property tax bills are calculated based on the assessed value of the property, which is determined by the county appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $155,430, homeowners can expect tax bills around $3,434, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the assessed value, including the property's market value, location, and any improvements made. High property taxes can place a substantial financial burden on homeowners, making it essential to ensure the assessed value is accurate and fair. Ownwell assists homeowners by providing professional property tax appeal and exemption services. By thoroughly reviewing property assessments and identifying discrepancies, Ownwell can help reduce the assessed value, thereby lowering the annual tax bill. This expert assistance ensures homeowners pay only their fair share, potentially saving them hundreds or even thousands of dollars annually.
Average Corner Of S Cleveland Tax Bill
$3,434
Average Liberty County Tax Bill
$1,071
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Corner Of S Cleveland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Corner Of S Cleveland Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Liberty Appraisal District | |
| Website | esearch.libertycad.com |
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