Union Loop North, Texas Property Taxes
The median property tax rate in Union Loop North, TX is 1.44%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Union Loop North, the typical annual property tax bill reaches $1,268, falling below the national median of $2,690. Property taxes in Union Loop North 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 Union Loop North'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 Union Loop North 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
Union Loop North, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$1,268
$1,177
$1,148
Average Tax Savings
Ownwell’s UNION LOOP NORTH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in UNION LOOP NORTH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in UNION LOOP NORTH 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 NORTH. 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 Union Loop North, Texas
Property taxes in Union Loop North, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Union Loop North is 1.44%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Union Loop North set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union Loop North 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 North's effective property tax rate to other counties in Texas and the national median. For comparison, the highest median property tax rate in the region is 2.13%, while the lowest median tax rate is 0.61%. Understanding how these cities compare with Union Loop North 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 North Tax Rate
1.44%
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 North, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Union Loop North Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Union Loop North, Texas
In UNION LOOP NORTH, 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 NORTH, 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. For instance, the median home price in UNION LOOP NORTH is $88,070, with annual tax bills ranging from $1,268 at the 25th percentile to $1,268 at the 90th percentile. 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 NORTH helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Union Loop North Assessed Value
$88,070
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 North, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Union Loop North Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Union Loop North, Texas
Property tax bills in Union Loop North, Liberty County, TX, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of the property. Homeowners in Union Loop North face a median home price of $88,070. With the local tax rate applied, property tax bills typically range around $1,268, which is above the national median property tax rate of 0.99%. Several factors influence the property tax bill, including changes in the market value of homes and any improvements made to the property. High property taxes can be a burden for homeowners, affecting their monthly expenses and overall financial planning. Ownwell can assist homeowners by providing expert property tax appeal and exemption services. By analyzing the assessed value and comparing it to market trends, Ownwell can identify discrepancies and file appeals to potentially lower the tax bill. This ensures homeowners pay a fair amount and can save significantly on their annual property taxes.
Average Union Loop North Tax Bill
$1,268
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 North, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
$1,148
Average Union Loop North 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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