Pontotoc, Texas Property Taxes
The median property tax rate in Pontotoc, TX is 0.53%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Pontotoc, the typical annual property tax bill reaches $1,006, significantly below the national median of $2,690. Property taxes in Pontotoc are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pontotoc'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 Pontotoc or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pontotoc, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$795
$738
$1,148
Average Tax Savings
Ownwell’s Pontotoc Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pontotoc with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pontotoc to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Pontotoc. 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 Pontotoc, Texas
Property taxes in Pontotoc, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pontotoc is 0.53%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Pontotoc set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pontotoc 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 Pontotoc's effective property tax rate to other counties in Texas and the national median. For comparison, the 76869 zip code has the highest median property tax rate of 0.53%, while the same zip code also has the lowest median tax rate of 0.53%. Understanding how these cities compare with Pontotoc provides valuable insights into the varying tax landscape across Llano County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pontotoc Tax Rate
0.53%
Average Llano County Tax Rate
1.32%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pontotoc, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76869 | 0.30% | 0.36% | 0.53% | 0.76% | 1.08% |
Source: Ownwell
$1,148
Average Pontotoc Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Pontotoc, Texas
In Pontotoc, 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 Llano 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 Pontotoc, 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 Pontotoc helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the region are both $1,006, found in zip code 76869, highlighting the need for a nuanced understanding of property tax calculations.
Average Pontotoc Assessed Value
$150,030
Average Llano County Assessed Value
$250,390
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pontotoc, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76869 | $60,795 | $70,580 | $150,030 | $276,962 | $382,415 |
Source: Ownwell
$1,148
Average Pontotoc Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Pontotoc, Texas
In Pontotoc, TX, property tax bills are calculated based on the assessed value of a property. The local tax rate is applied to this value to determine the tax bill. Various factors, including property size, location, and market conditions, influence the assessed value. Homeowners in Pontotoc face a range of tax bills, with the 25th percentile at $408 and the 90th percentile at $2,494. The highest median tax bill in the area is $1,006, which is significantly lower than the national median property tax rate of 0.99%. Property taxes can be a substantial financial burden for homeowners. Therefore, it's crucial to ensure that your property is assessed fairly. Ownwell offers expert property tax appeal and exemption services to help homeowners reduce their tax bills. By analyzing your property's assessed value and comparing it with similar properties, Ownwell can identify discrepancies and file an appeal on your behalf. This process can lead to significant savings, ensuring you only pay your fair share in property taxes.
Average Pontotoc Tax Bill
$1,006
Average Llano County Tax Bill
$2,837
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Pontotoc, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76869 | $205 | $408 | $1,006 | $2,149 | $2,494 |
Source: Ownwell
$1,148
Average Pontotoc Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Llano Appraisal District | |
| Website | esearch.llanocad.net |
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