Tarzan, Martin County, Texas Property Taxes
The median property tax rate in Tarzan, TX is 0.22%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $114,560 in Tarzan, the typical annual property tax bill is $246, far below the national median of $2,690. Property taxes in Tarzan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Tarzan'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 Tarzan 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
Tarzan, Martin County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.22%
Estimate Property Tax Bill
$252
$234
Ownwell’s Tarzan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tarzan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tarzan 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 Tarzan, Martin County, Texas
Property taxes in Tarzan, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tarzan is 0.22%, which is significantly lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Tarzan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tarzan 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 Tarzan's effective property tax rate to other counties in Texas and the national median. For comparison, the highest median property tax rate in Texas is found in 77494, with a rate of 3.68%, while the lowest median tax rate is in 79701, at 0.22%. Understanding how these cities compare with Tarzan provides valuable insights into the varying tax landscape across Martin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tarzan Tax Rate
0.22%
Average Martin County Tax Rate
0.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tarzan, Martin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79783 | 0.21% | 0.22% | 0.22% | 0.23% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Tarzan, Martin County, Texas
In Tarzan, 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 Martin 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 Tarzan, 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. The median home price in Tarzan is $114,560, with tax bills varying significantly. For instance, the 25th percentile tax bill is $208, while the 75th percentile reaches $414. The zip code 79783 has both the highest and lowest median tax bill at $246. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Tarzan, Martin County, Texas
Source: Ownwell
$58,940
$91,260
$123,580
Average Tarzan Assessed Value
$114,560
Average Martin County Assessed Value
$66,090
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tarzan, Martin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79783 | $54,206 | $83,770 | $114,560 | $202,325 | $280,022 |
Source: Ownwell
Property Tax Bills Across Tarzan, Martin County, Texas
In Tarzan, located in Martin County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The assessed value is then multiplied by the local tax rate to determine the tax bill. For example, with a median home price of $114,560, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. The tax bill can range significantly, with the 25th percentile at $208 and the 75th percentile at $414. Homeowners in the 90th percentile might see tax bills as high as $608. These figures highlight the variability in tax obligations, which are influenced by the local tax rate and the assessed value of the property. Compared to the national median property tax rate of 0.99%, Tarzan's property tax rates can be considered relatively moderate. This variability affects homeowners by determining their annual financial obligations, influencing decisions on property investments and overall affordability.
Average Tarzan Tax Bill
$246
Average Martin County Tax Bill
$154
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Tarzan, Martin County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79783 | $125 | $208 | $246 | $414 | $608 |
Source: Ownwell