Collegeport, Texas Property Taxes
The median property tax rate in Collegeport, TX is 1.69%, slightly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Collegeport at $86,450, the typical annual property tax bill reaches $1,320, which is below the national median of $2,690. Property taxes here 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 Collegeport'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 Collegeport 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
Collegeport, 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 Collegeport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Collegeport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Collegeport 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 Collegeport, Texas
Property taxes in Collegeport, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Collegeport is 1.69%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Collegeport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Collegeport 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 Collegeport's effective property tax rate to other counties in Texas and the national median. For comparison, the 77428 zip code has both the highest and lowest median property tax rate of 1.69%. Understanding how these cities compare with Collegeport provides valuable insights into the varying tax landscape across Matagorda County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Collegeport Tax Rate
1.69%
Average Matagorda County Tax Rate
1.53%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Collegeport, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77428 | 0.47% | 0.86% | 1.69% | 2.01% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Collegeport, Texas
In Collegeport, 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. 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, in Collegeport, the highest median tax bill is $1,320 in the zip code 77428, while the lowest median tax bill is also $1,320 in the same zip code. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Collegeport Assessed Value
$86,450
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 Collegeport, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77428 | $19,800 | $31,170 | $86,450 | $129,660 | $250,252 |
Source: Ownwell
Property Tax Bills Across Collegeport, Texas
In Collegeport, located in Matagorda County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of your property. Homeowners in Collegeport experience a range of tax bills, with the 25th percentile tax bill at $480 and the 75th percentile at $2,120. For those at the higher end, the 90th percentile tax bill can reach up to $3,800. These tax bills are influenced by various factors including property size, location, and market conditions. The median home price in Collegeport is $86,450, which is significantly lower than the national median. This lower home value contributes to relatively moderate property tax bills compared to other regions. However, even within Collegeport, tax bills can vary widely, reflecting differences in property values and specific local tax rates. Homeowners need to be aware of these factors as they can significantly impact annual expenses.
Average Collegeport Tax Bill
$1,320
Average Matagorda County Tax Bill
$1,664
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Collegeport, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77428 | $285 | $480 | $1,320 | $2,120 | $3,800 |
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 |