Ashwood, Texas Property Taxes
The median property tax rate in Ashwood, TX is 1.06%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $22,750, the typical annual property tax bill in Ashwood stands at $263, slightly above the national median of $2,690. Property taxes in Ashwood are determined 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. Gaining a thorough understanding of Ashwood's property tax system, exploring available exemptions, and identifying opportunities for reductions can yield significant annual savings. Whether you're in the heart of Ashwood or another part of the city, familiarizing yourself with the local property tax system can be highly beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Ashwood, 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 Ashwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ashwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashwood to provide an accurate property tax estimate. This intuitive tool helps you understand your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Ashwood, Texas
Property taxes in Ashwood, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashwood is 1.06%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Ashwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashwood 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 Ashwood's effective property tax rate to other counties in Texas and the national median. For comparison, the 77480 zip code has the highest median property tax rate of 1.06%, while the 77480 zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Ashwood provides valuable insights into the varying tax landscape across Matagorda, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashwood Tax Rate
1.06%
Average Matagorda County Tax Rate
1.53%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashwood, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77480 | 0.73% | 0.85% | 1.06% | 1.22% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Ashwood, Texas
In Ashwood, 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 Matagorda 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 Ashwood, 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 instance, the median home price stands at $22,750, with tax bills ranging from $252 at the 25th percentile to $2,312 at the 90th percentile. The zip code 77480 holds both the highest and lowest median tax bills at $263. 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 Ashwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ashwood Assessed Value
$22,750
Average Matagorda County Assessed Value
$130,525
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashwood, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77480 | $19,814 | $20,915 | $22,750 | $229,735 | $353,926 |
Source: Ownwell
Property Tax Bills Across Ashwood, Texas
In Ashwood, located in Matagorda County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is determined by the county appraisal district. Several factors influence the assessed value, including the home's size, age, location, and condition. For homeowners in Ashwood, the property tax bill can vary significantly. At the 25th percentile, the tax bill is around $252, while at the 75th percentile, it rises to approximately $1,544. The 90th percentile sees tax bills as high as $2,312. These figures are influenced by the median home price in the area, which stands at $22,750. Compared to the national median property tax rate of 0.99%, Ashwood's property tax bills can be considered relatively manageable, although they still represent a significant expense for homeowners. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Ashwood Tax Bill
$263
Average Matagorda County Tax Bill
$1,664
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashwood, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77480 | $245 | $252 | $263 | $1,544 | $2,312 |
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 | |
|---|---|
| Matagorda Appraisal District | |
| Website | propaccess.trueautomation.com |