North Zulch, Madison County, Texas Property Taxes
The median property tax rate in North Zulch, TX is 0.72%, notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in North Zulch at $174,720, the typical annual property tax bill amounts to $1,018, significantly below the national median of $2,690. Property taxes in North Zulch are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North Zulch'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 North Zulch or another part of Madison County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
North Zulch, Madison County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,258
$1,167
Ownwell’s North Zulch Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Zulch with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Zulch 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 North Zulch, Madison County, Texas
Property taxes in North Zulch, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Zulch is 0.72%, lower than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within North Zulch set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Zulch 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 North Zulch's effective property tax rate to other counties in Texas and the national median. For comparison, the 77872 zip code has the highest median property tax rate of 0.72%, while the 77872 zip code has the lowest median tax rate of 0.72%. Understanding how these cities compare with North Zulch provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Zulch Tax Rate
0.72%
Average Madison County Tax Rate
0.95%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Zulch, Madison County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77872 | 0.15% | 0.36% | 0.72% | 1.24% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across North Zulch, Madison County, Texas
In North Zulch, 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 Madison 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 North Zulch, 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. For example, the highest median tax bill in the area is $1,018 in the 77872 zip code, while the lowest is also $1,018 in the same zip code. 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 North Zulch helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across North Zulch, Madison County, Texas
Source: Ownwell
$138,820
$198,790
$258,760
Average North Zulch Assessed Value
$174,720
Average Madison County Assessed Value
$154,920
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Zulch, Madison County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77872 | $22,630 | $62,825 | $174,720 | $347,975 | $642,300 |
Source: Ownwell
Property Tax Bills Across North Zulch, Madison County, Texas
In North Zulch, Madison County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate, set by various local taxing entities such as school districts, cities, and counties, is then applied to this assessed value. For homeowners in North Zulch, the median home price is $174,720. The property tax bill can vary significantly; for example, the 25th percentile tax bill is $338, while the 75th percentile tax bill is $2,440. At the 90th percentile, homeowners may face a tax bill as high as $4,304. These amounts reflect the range of taxes that homeowners might expect to pay, depending on the assessed value of their property and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, the tax burden in North Zulch can be relatively moderate or quite high, depending on individual circumstances. This variability can significantly impact homeowners, influencing their overall housing costs and financial planning.
Average North Zulch Tax Bill
$1,018
Average Madison County Tax Bill
$1,166
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across North Zulch, Madison County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77872 | $119 | $338 | $1,018 | $2,440 | $4,304 |
Source: Ownwell