Whitsett, Texas Property Taxes
The median property tax rate in Whitsett, Texas is 1.27%, considerably higher than the national median of 0.99%, yet lower than the Texas state median of 1.67%. With a median home value of $62,192 in Whitsett, the typical annual property tax bill reaches $780, which is significantly below the national median of $2,690. Property taxes in Whitsett are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Whitsett'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 Whitsett 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
Whitsett, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$790
$733
Ownwell’s Whitsett Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Whitsett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitsett to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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, taking into account any exemptions that may apply.
Property Tax Rates Across Whitsett, Texas
Property taxes in Whitsett, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitsett is 1.27%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Whitsett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitsett 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 Whitsett's effective property tax rate to other counties in Texas and the national median. For comparison, the 78075 zip code has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Whitsett 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 Whitsett Tax Rate
1.27%
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 Whitsett, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78075 | 0.63% | 1.17% | 1.27% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Whitsett, Texas
In Whitsett, 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 Whitsett, 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. The median home price in Whitsett is $62,192, with tax bills ranging from $285 at the 25th percentile to $2,033 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 Whitsett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Whitsett Assessed Value
$62,192
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 Whitsett, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78075 | $9,611 | $23,893 | $62,192 | $112,323 | $252,553 |
Source: Ownwell
Property Tax Bills Across Whitsett, Texas
In Whitsett, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate set by various taxing authorities, including the county, school districts, and other municipal entities. For homeowners in Whitsett, the median home price is $62,192. Property tax bills can vary widely, with the 25th percentile paying around $285 annually, while those in the 75th percentile pay approximately $1,305. At the higher end, the 90th percentile sees tax bills reaching up to $2,033. These taxes fund essential public services such as education, infrastructure, and emergency services, directly impacting the quality of life for residents. It's important for homeowners to be aware of their property's assessed value and the corresponding tax rate, as these factors significantly influence their annual property tax bill. Compared to the national median property tax rate of 0.99%, understanding these local specifics can help homeowners manage their finances more effectively.
Average Whitsett Tax Bill
$780
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 Whitsett, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78075 | $117 | $285 | $780 | $1,305 | $2,033 |
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 |