Union Loop East, Texas Property Taxes
The median property tax rate in Union Loop East, TX is 0.49%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Union Loop East, the typical annual property tax bill is $454, well below the national median of $2,690. Property taxes in Union Loop East are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Union Loop East's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Union Loop East or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Union Loop East, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$457
$424
$1,148
Average Tax Savings
Ownwell’s Union Loop East Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Union Loop East with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Union Loop East 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 Union Loop East. 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 Union Loop East, Texas
Property taxes in Union Loop East, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Union Loop East is 0.49%, which is lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Union Loop East set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union Loop East 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 Union Loop East's effective property tax rate to other counties in Texas and the national median. For comparison, the 77005 zip code has the highest median property tax rate of 2.47%, while the 79854 zip code has the lowest median tax rate of 0.18%. Understanding how these cities compare with Union Loop East 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 Union Loop East Tax Rate
0.49%
Average Liberty County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Union Loop East, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Union Loop East Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Union Loop East, Texas
In Union Loop East, 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 Union Loop East, 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 Union Loop East helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Union Loop East Assessed Value
$93,240
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 Union Loop East, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Union Loop East Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Union Loop East, Texas
In Union Loop East, Liberty County, TX, property tax bills are calculated based on the assessed value of a home. The median home price stands at $93,240, with property tax bills consistently around $454 for the 25th, 75th, and 90th percentiles. This uniformity suggests a relatively stable tax rate within the area. Homeowners' tax bills are determined by the assessed value of their property, which is then multiplied by the local tax rate. Factors such as property improvements, market trends, and neighborhood developments can influence these assessments. Given that the national median property tax rate is 0.99%, the property tax rate in Union Loop East appears favorable. However, homeowners can still benefit from ensuring their assessments are fair and accurate. Ownwell offers expert property tax appeal and exemption services, helping homeowners potentially lower their tax bills. By analyzing property data and navigating local tax regulations, Ownwell ensures homeowners in Union Loop East only pay their fair share, maximizing savings and reducing financial burdens.
Average Union Loop East Tax Bill
$454
Average Liberty County Tax Bill
$1,071
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Union Loop East, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Union Loop East 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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