George West, Texas Property Taxes
The median property tax rate in George West, TX is 1.49%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $77,803 in George West, the typical annual property tax bill amounts to $1,377, still below the national median of $2,690. Property taxes here are based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding George West'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 George West or another part of Live Oak County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
George West, 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 George West Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in George West with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in George West 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 George West, Texas
Property taxes in George West, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in George West is 1.49%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within George West set these rates annually, and they can vary significantly across different neighborhoods. Each year, George West 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 George West's effective property tax rate to other counties in Texas and the national median. For comparison, the 78022 zip code has the highest median property tax rate of 1.49%, while the same 78022 zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with George West provides valuable insights into the varying tax landscape across Live Oak County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average George West Tax Rate
1.49%
Average Live Oak County Tax Rate
1.49%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across George West, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78022 | 1.27% | 1.49% | 1.49% | 2.27% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across George West, Texas
In George West, 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 Live Oak 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 George West, 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 George West helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1377 in the 78022 zip code, while the lowest median tax bill is also $1377 in the same zip code.
Average George West Assessed Value
$77,803
Average Live Oak County Assessed Value
$67,776
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across George West, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78022 | $11,000 | $34,428 | $77,803 | $134,186 | $225,119 |
Source: Ownwell
Property Tax Bills Across George West, Texas
Property tax bills in George West, situated in Live Oak County, TX, are calculated based on the assessed value of a property and the local tax rate. The median home price in George West is $77,803, and the national median property tax rate is 0.99%. Homeowners can expect their tax bills to vary significantly depending on the assessed value of their property and the applicable tax rate. For instance, tax bills range from the 25th percentile at $524 to the 75th percentile at $2,439, with the 90th percentile reaching up to $3,752. Several factors influence the tax bill, including the property's assessed value, which is determined by the county assessor, and any applicable exemptions or deductions. These taxes are crucial for funding local services such as schools, infrastructure, and emergency services. As a result, homeowners in George West must budget for these annual expenses, which can significantly impact their overall financial planning and property affordability. The highest and lowest median tax bills in the area are both reported at $1,377, specifically in the 78022 zip code.
Average George West Tax Bill
$1,377
Average Live Oak County Tax Bill
$1,069
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across George West, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78022 | $160 | $524 | $1,377 | $2,439 | $3,752 |
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 | |
|---|---|
| Live Oak Appraisal District | |
| Website | propertysearch.liveoakcad.org |