Old River Winfree, Texas Property Taxes
The median property tax rate in Old River Winfree, TX is 1.35%, 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 $73,710, the typical annual property tax bill in Old River Winfree reaches $1,012, falling below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often comes in lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Navigating Old River Winfree's property tax system, exploring potential exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Old River Winfree or another part of Liberty County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Old River Winfree, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$995
$921
$1,148
Average Old River Winfree, Texas Tax Savings
Ownwell’s Old River Winfree Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Old River Winfree with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Old River Winfree to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Old River Winfree. 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 Old River Winfree, Texas
Property taxes in Old River Winfree, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Old River Winfree is 1.35%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Old River Winfree set these rates annually, and they can vary significantly across different neighborhoods. Each year, Old River Winfree 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 Old River Winfree's effective property tax rate to other counties in Texas and the national median. For comparison, the 77535 zip code has the highest median property tax rate of 1.35%, while the 77535 zip code has the lowest median tax rate of 1.35%. Understanding how these cities compare with Old River Winfree 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 Old River Winfree Tax Rate
1.35%
Average Liberty County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Old River Winfree, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77535 | 0.45% | 0.48% | 1.35% | 1.59% | 1.65% |
Source: Ownwell
$1,148
Average Old River Winfree Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Old River Winfree, Texas
In Old River Winfree, 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. In Old River Winfree, 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 Old River Winfree 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 77535, with a median tax bill of $1,012.
Average Old River Winfree Assessed Value
$73,710
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 Old River Winfree, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77535 | $46,078 | $52,260 | $73,710 | $181,680 | $263,254 |
Source: Ownwell
$1,148
Average Old River Winfree Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Old River Winfree, Texas
In Old River Winfree, Liberty County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The median home price in the area is $73,710. Tax rates are applied to this assessed value to determine the annual tax bill. For instance, homeowners in the 25th percentile pay around $551, while those in the 75th percentile see bills closer to $1,584. The 90th percentile can reach up to $2,763. These figures show a range of property tax burdens that can significantly impact homeowners. Ownwell can help homeowners in Old River Winfree reduce their property tax bills by providing expert property tax appeal and exemption services. By accurately assessing the market value of your property and identifying potential discrepancies, Ownwell can help ensure that you are not overpaying on your property taxes. This service can provide substantial savings, making homeownership more affordable and less stressful.
Average Old River Winfree Tax Bill
$1,012
Average Liberty County Tax Bill
$1,071
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Old River Winfree, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77535 | $221 | $551 | $1,012 | $1,584 | $2,763 |
Source: Ownwell
$1,148
Average Old River Winfree 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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