Limestone County Property Taxes
The median property tax rate in Limestone County is 1.05%, which is slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $107,545, the typical annual property tax bill in Limestone County is approximately $971, significantly below the national median of $2,690. Property taxes in Limestone County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Limestone County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Groesbeck or another part of Limestone County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Limestone County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Limestone County Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Limestone County using just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Limestone County to provide an accurate estimate of your property tax bill. This valuable resource helps you understand potential tax liabilities, ensuring you are well-prepared for any financial obligations. For more detailed trends on a city level, scroll down to navigate to a more localized informational page. Your property's assessed value is determined by the county and accounts for any exemptions you may have, making it crucial for property tax calculations.
Property Tax Rates Across Limestone County, Texas
Property taxes in Limestone County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Limestone County is 1.05%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Limestone County set these rates annually, and they can vary significantly between different areas within the county. Each year, Limestone County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Limestone County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Jewett has one of the higher property tax rates in Texas at 1.31%, while the city of Prairie Hill boasts one of the lowest at 0.66%. Analyzing how Limestone County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Limestone County Tax Rate
1.05%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Limestone County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Axtell | 0.11% | 0.16% | 0.30% | 0.36% | 0.41% |
| Coolidge | 0.27% | 0.61% | 1.06% | 1.38% | 2.63% |
| Donie | 0.40% | 0.67% | 0.96% | 1.32% | 1.64% |
| Groesbeck | 0.39% | 0.70% | 1.10% | 1.45% | 1.73% |
| Hubbard | N/A | N/A | N/A | N/A | N/A |
| Jewett | 0.48% | 0.82% | 1.31% | 1.84% | 2.24% |
| Kosse | 0.37% | 0.59% | 1.02% | 1.41% | 1.85% |
| Mart | 0.11% | 0.18% | 0.29% | 0.37% | 0.56% |
| Mexia | 0.36% | 0.64% | 1.01% | 1.38% | 1.74% |
| Mount Calm | N/A | N/A | N/A | N/A | N/A |
| Prairie Hill | 0.24% | 0.31% | 0.66% | 1.00% | 1.18% |
| Riesel | 0.20% | 0.22% | 0.27% | 0.31% | 0.34% |
| Tehuacana | 0.37% | 0.51% | 0.92% | 1.26% | 1.54% |
| Thornton | 0.39% | 0.64% | 1.11% | 1.55% | 2.23% |
| Wortham | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Limestone County, Texas
In Limestone County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Limestone County Appraisal District. The assessed value, however, 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 in Limestone County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Limestone County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For example, homeowners in Donie face the highest median tax bill at $1,886, while those in Mart enjoy the lowest at $461.
Average Limestone County Assessed Value
$107,545
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Limestone County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Axtell | $52,936 | $73,505 | $172,360 | $422,485 | $707,196 |
| Coolidge | $3,623 | $28,570 | $62,195 | $125,238 | $300,992 |
| Donie | $64,532 | $146,090 | $207,650 | $368,900 | $571,084 |
| Groesbeck | $28,452 | $63,120 | $131,010 | $292,970 | $477,642 |
| Hubbard | N/A | N/A | N/A | N/A | N/A |
| Jewett | $11,010 | $47,555 | $133,420 | $284,485 | $452,386 |
| Kosse | $14,520 | $47,980 | $104,850 | $240,560 | $433,100 |
| Mart | $32,069 | $83,348 | $186,690 | $353,155 | $611,835 |
| Mexia | $21,595 | $53,958 | $98,305 | $194,170 | $317,460 |
| Mount Calm | N/A | N/A | N/A | N/A | N/A |
| Prairie Hill | $26,685 | $53,745 | $101,535 | $186,262 | $412,585 |
| Riesel | $381,389 | $480,042 | $644,465 | $808,888 | $907,541 |
| Tehuacana | $34,114 | $59,570 | $95,840 | $192,910 | $328,906 |
| Thornton | $19,750 | $60,132 | $121,250 | $296,955 | $490,535 |
| Wortham | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Limestone County, Texas
Property tax bills in Limestone County, TX, are calculated based on the assessed value of a property and the tax rate set by local taxing authorities. The assessed value is determined by the county appraisal district, which estimates the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and market conditions. For instance, the median home price in Limestone County is $107,545. Homeowners in this region can expect a wide range of tax bills, with the 25th percentile at $404 and the 75th percentile at $2,153. In comparison, the national median property tax rate is 0.99%, highlighting the variability in property tax burdens within the county. High-value areas such as Donie see median tax bills as high as $1,886, while lower-value areas like Mart experience median bills around $461. These differences significantly impact homeowners, influencing decisions on property purchases and overall affordability.
Average Limestone County Tax Bill
$971
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Limestone County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Axtell | $145 | $227 | $496 | $959 | $1,478 |
| Coolidge | $56 | $165 | $496 | $1,067 | $2,185 |
| Donie | $368 | $954 | $1,886 | $4,387 | $6,489 |
| Groesbeck | $236 | $545 | $1,241 | $2,928 | $4,926 |
| Hubbard | N/A | N/A | N/A | N/A | N/A |
| Jewett | $131 | $461 | $1,278 | $3,307 | $5,621 |
| Kosse | $158 | $387 | $955 | $1,979 | $3,460 |
| Mart | $80 | $199 | $461 | $861 | $1,434 |
| Mexia | $165 | $388 | $885 | $1,782 | $3,194 |
| Mount Calm | N/A | N/A | N/A | N/A | N/A |
| Prairie Hill | $117 | $200 | $579 | $1,261 | $2,062 |
| Riesel | $1,197 | $1,288 | $1,440 | $1,592 | $1,684 |
| Tehuacana | $191 | $351 | $742 | $1,813 | $3,092 |
| Thornton | $165 | $463 | $1,268 | $3,006 | $5,315 |
| Wortham | N/A | N/A | N/A | N/A | N/A |
Source: 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 | |
|---|---|
| Limestone Appraisal District | |
| Website | esearch.limestonecad.com |