Tehuacana, Texas Property Taxes
The median property tax rate in Tehuacana, TX is 0.92%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $95,840 in Tehuacana, the typical annual property tax bill amounts to $742, significantly less than the national median of $2,690. Property taxes in Tehuacana are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Tehuacana'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 Tehuacana or another part of Limestone County, a thorough grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tehuacana, Texas 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 Tehuacana Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tehuacana with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tehuacana to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Tehuacana, Texas
Property taxes in Tehuacana, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tehuacana is 0.92%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Tehuacana set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tehuacana 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 Tehuacana's effective property tax rate to other counties in Texas and the national median. For comparison, the ZIP code 76686 has both the highest and lowest median property tax rate of 0.92%. Understanding how these cities compare with Tehuacana provides valuable insights into the varying tax landscape across Limestone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tehuacana Tax Rate
0.92%
Average Limestone County Tax Rate
1.05%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tehuacana, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76686 | 0.37% | 0.51% | 0.92% | 1.26% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Tehuacana, Texas
In Tehuacana, 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 Limestone 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 Tehuacana, 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. The zip code with the highest and lowest median tax bill is 76686, both at $742. Being aware of these valuation processes in Tehuacana helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tehuacana Assessed Value
$95,840
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 Tehuacana, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76686 | $34,114 | $59,570 | $95,840 | $192,910 | $328,906 |
Source: Ownwell
Property Tax Bills Across Tehuacana, Texas
Property tax bills in Tehuacana, located in Limestone County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district, which estimates the market value of a property. This value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $95,840, the tax bill can vary significantly. Homeowners at the 25th percentile pay around $351, while those at the 75th percentile face bills of approximately $1,813. At the 90th percentile, the tax bill can soar to $3,092. These figures highlight how property taxes can impact homeowners differently based on their property's assessed value. Compared to the national median property tax rate of 0.99%, Tehuacana's rates can be relatively moderate, but they still represent a significant expense for homeowners, influencing their overall financial planning and housing affordability.
Average Tehuacana Tax Bill
$742
Average Limestone County Tax Bill
$971
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Tehuacana, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76686 | $191 | $351 | $742 | $1,813 | $3,092 |
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 |