Parellel To Rr Tracks, Texas Property Taxes
The median property tax rate in PARELLEL TO RR TRACKS, TX is 1.65%, which is significantly higher than the national median of 0.99%, but slightly below the Texas state median of 1.67%. With the median home value in PARELLEL TO RR TRACKS, the typical annual property tax bill reaches $722, which is much lower than the national median of $2,690. Property taxes in PARELLEL TO RR TRACKS are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding PARELLEL TO RR TRACKS'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 PARELLEL TO RR TRACKS 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
Parellel To Rr Tracks, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.65%
Estimate Property Tax Bill
$723
$671
$1,148
Average Tax Savings
Ownwell’s PARELLEL TO RR TRACKS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PARELLEL TO RR TRACKS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PARELLEL TO RR TRACKS 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 PARELLEL TO RR TRACKS. 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 Liberty County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Parellel To Rr Tracks, Texas
Property taxes in PARELLEL TO RR TRACKS, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in PARELLEL TO RR TRACKS is 1.65%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within PARELLEL TO RR TRACKS set these rates annually, and they can vary significantly across different neighborhoods. Each year, PARELLEL TO RR TRACKS 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 PARELLEL TO RR TRACKS'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 found in ZIP code 77429 at 2.13%, while the lowest median tax rate is in ZIP code 79851 at 0.61%. Understanding how these cities compare with PARELLEL TO RR TRACKS 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 Parellel To Rr Tracks Tax Rate
1.65%
Average Liberty County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Parellel To Rr Tracks, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Parellel To Rr Tracks Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Parellel To Rr Tracks, Texas
In PARELLEL TO RR TRACKS, 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 PARELLEL TO RR TRACKS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip codes with the highest and lowest tax bills are both $722, highlighting the uniformity in tax assessments within the area.
Property Tax Assessment Values Across Parellel To Rr Tracks, Texas
Source: Ownwell
$5,310
$285,980
$566,650
Average Parellel To Rr Tracks Assessed Value
$43,800
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 Parellel To Rr Tracks, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Parellel To Rr Tracks Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Parellel To Rr Tracks, Texas
In PARELLEL TO RR TRACKS, Liberty County, TX, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local appraisal district, which considers factors such as the property's market value, size, location, and condition. For instance, with a median home price of $43,800, homeowners can expect an annual tax bill around $722, which is significantly higher than the national median property tax rate of 0.99%. High property taxes can be a burden for homeowners, but Ownwell offers a solution. By leveraging our expertise in property tax appeals and exemptions, we help homeowners ensure that their properties are fairly assessed. Our team meticulously reviews your property's assessment, identifies discrepancies, and files appeals on your behalf. This process can lead to substantial savings on your property tax bill, providing financial relief and peace of mind. With Ownwell, you can be confident that you are not overpaying on your property taxes.
Average Parellel To Rr Tracks Tax Bill
$722
Average Liberty County Tax Bill
$1,071
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Parellel To Rr Tracks, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Parellel To Rr Tracks 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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