Splendora, Texas Property Taxes
The median property tax rate in Splendora, TX is 1.19%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Splendora, the typical annual property tax bill is $1,303, which is below the national median of $2,690. Property taxes in Splendora are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Splendora'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 Splendora 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
Splendora, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Splendora, Texas Tax Savings
Ownwell’s Splendora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Splendora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Splendora 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 Splendora. 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 Splendora, Texas
Property taxes in Splendora, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Splendora is 1.19%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Splendora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Splendora 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 Splendora's effective property tax rate to other counties in Texas and the national median. For comparison, the 77372 zip code has the highest median property tax rate of 1.19%, while the 77372 zip code has the lowest median tax rate of 1.19%. Understanding how these cities compare with Splendora 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 Splendora Tax Rate
1.19%
Average Liberty County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Splendora, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77372 | 0.43% | 0.81% | 1.19% | 1.43% | 1.53% |
Source: Ownwell
$1,148
Average Splendora Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Splendora, Texas
In Splendora, 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 Splendora, 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. The median home price in Splendora is $131,340, with tax bills ranging from $661 at the 25th percentile to $3,237 at the 90th percentile. The highest and lowest median tax bills are both $1,303, found in the 77372 zip code. 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 Splendora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Splendora Assessed Value
$131,340
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 Splendora, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77372 | $39,094 | $64,910 | $131,340 | $204,180 | $285,968 |
Source: Ownwell
$1,148
Average Splendora Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Splendora, Texas
In Splendora, located in Liberty County, TX, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in Splendora is $131,340, which significantly influences the tax amount homeowners must pay. Tax bills vary widely, with the 25th percentile at $661 and the 90th percentile reaching up to $3,237. The tax rate in Splendora can be higher or lower than the national median property tax rate of 0.99%, depending on various factors like local budget needs and school funding. Homeowners in Splendora may find their tax bills burdensome, but Ownwell can help alleviate this financial pressure. By providing expert property tax appeal and exemption services, Ownwell ensures that homeowners are not overpaying on their property taxes. Our team reviews your property’s assessed value, identifies discrepancies, and files appeals on your behalf, potentially saving you hundreds or even thousands of dollars annually. Let Ownwell help you reduce your property tax bill and keep more money in your pocket.
Average Splendora Tax Bill
$1,303
Average Liberty County Tax Bill
$1,071
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Splendora, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77372 | $337 | $661 | $1,303 | $2,191 | $3,237 |
Source: Ownwell
$1,148
Average Splendora 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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