Pin Oak, Texas Property Taxes
The median property tax rate in Pin Oak, TX is 1.29%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $38,702 in Pin Oak, the typical annual property tax bill amounts to $498, falling below the national median of $2,690. Property taxes in Pin Oak are calculated based on the assessed value, which often is less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Pin Oak'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 Pin Oak 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
Pin Oak, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$499
$462
$1,148
Average Pin Oak, Texas Tax Savings
Ownwell’s Pin Oak Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pin Oak with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pin Oak 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 Pin Oak. 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 Pin Oak, Texas
Property taxes in Pin Oak, Texas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Pin Oak is 1.29%, which is higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Pin Oak set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pin Oak 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 Pin Oak's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 77429 has the highest median property tax rate of 2.13%, while zip code 77047 has the lowest median tax rate of 1.12%. Understanding how these cities compare with Pin Oak 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 Pin Oak Tax Rate
1.29%
Average Liberty County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pin Oak, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Pin Oak Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Pin Oak, Texas
In Pin Oak, 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 Pin Oak, 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 Pin Oak helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pin Oak is $38,702, with tax bills around $498, highlighting the importance of understanding and managing property tax assessments.
Average Pin Oak Assessed Value
$38,702
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 Pin Oak, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Pin Oak Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Pin Oak, Texas
In Pin Oak, Liberty County, TX, property tax bills are calculated based on the assessed value of your home, which is determined by the local appraisal district. The tax rate in Pin Oak is applied to this assessed value to determine your annual tax bill. For a median home price of $38,702, homeowners can expect a tax bill around $498, which is significantly lower than the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood changes, and market conditions can influence your home's assessed value. High property taxes can be a burden for homeowners, especially when the assessed value does not reflect the true market value of the property. Ownwell offers expert property tax appeal and exemption services to help homeowners in Pin Oak reduce their tax bills. By analyzing your property’s assessed value and comparing it to similar properties, Ownwell identifies discrepancies and files appeals on your behalf. This ensures you only pay your fair share, potentially saving you hundreds of dollars annually.
Average Pin Oak Tax Bill
$498
Average Liberty County Tax Bill
$1,071
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Pin Oak, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Pin Oak 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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