Three Rivers, Texas Property Taxes
The median property tax rate in Three Rivers, TX is 1.54%, which is significantly higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With a median home value of $84,344 in Three Rivers, the typical annual property tax bill amounts to $1,323, falling below the national median of $2,690. Property taxes in Three Rivers are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding the property tax system in Three Rivers, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Three Rivers or another part of Live Oak County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Three Rivers, 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 THREE RIVERS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in THREE RIVERS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in THREE RIVERS 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 Three Rivers, Texas
Property taxes in Three Rivers, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Three Rivers is 1.54%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Three Rivers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Three Rivers 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 Three Rivers' effective property tax rate to other counties in Texas and the national median. For comparison, the 78071 zip code has the highest median property tax rate of 1.54%, while the 78071 zip code also has the lowest median tax rate of 1.54%. Understanding how these cities compare with Three Rivers 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 Three Rivers Tax Rate
1.54%
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 Three Rivers, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78071 | 1.06% | 1.27% | 1.54% | 2.05% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Three Rivers, Texas
In Three Rivers, 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 Three Rivers, 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 Three Rivers helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Three Rivers is $84,344. The median tax bill ranges significantly, with the 25th percentile at $613 and the 75th percentile at $2,363. Notably, the highest and lowest median tax bills are both $1,323 in zip code 78071.
Average Three Rivers Assessed Value
$84,344
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 Three Rivers, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78071 | $17,672 | $39,710 | $84,344 | $157,802 | $241,130 |
Source: Ownwell
Property Tax Bills Across Three Rivers, Texas
In Three Rivers, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Three Rivers face a range of tax bills, influenced by factors such as property size, location, and improvements. For instance, the median home price in Three Rivers is $84,344, with tax bills varying significantly. At the 25th percentile, tax bills are around $613, while those in the 75th percentile reach up to $2,363. The highest tax bills, at the 90th percentile, can be as much as $3,526. Compared to the national median property tax rate of 0.99%, Three Rivers homeowners experience a diverse range of tax obligations. These taxes fund essential services such as schools, infrastructure, and public safety, directly impacting the quality of life in the community. Understanding how these factors interplay helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Three Rivers Tax Bill
$1,323
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 Three Rivers, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78071 | $252 | $613 | $1,323 | $2,363 | $3,526 |
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 |