China Spring, Texas Property Taxes
The median property tax rate in China Spring, TX is 1.43%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in China Spring at $350,000, the typical annual property tax bill reaches $5,067, exceeding the national median of $2,690. Property taxes in China Spring 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 China Spring'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 China Spring 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
China Spring, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$5,005
$4,645
$1,148
Average Tax Savings
Ownwell’s China Spring Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in China Spring with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in China Spring 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 China Spring. 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 China Spring, Texas
Property taxes in China Spring, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in China Spring is 1.43%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within China Spring set these rates annually, and they can vary significantly across different neighborhoods. Each year, China Spring 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 China Spring's effective property tax rate to other counties in Texas and the national median. For comparison, the 76633 zip code has the highest median property tax rate of 1.43%, while the 76633 zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with China Spring provides valuable insights into the varying tax landscape across McLennan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average China Spring Tax Rate
1.43%
Average Mclennan County Tax Rate
1.79%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across China Spring, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76633 | 1.05% | 1.25% | 1.43% | 1.72% | 1.87% |
Source: Ownwell
$1,148
Average China Spring Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across China Spring, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in China Spring, Texas. 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 McLennan 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 China Spring, 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 in China Spring is $350,000, with tax bills ranging from $2,957 at the 25th percentile to $10,839 at the 90th percentile. The highest and lowest median tax bills in the area are both $5,067, found in the 76633 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average China Spring Assessed Value
$350,000
Average Mclennan County Assessed Value
$228,020
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across China Spring, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76633 | $76,871 | $206,982 | $350,000 | $550,000 | $744,161 |
Source: Ownwell
$1,148
Average China Spring Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across China Spring, Texas
In China Spring, McLennan County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The tax rate is then applied to this assessed value. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in China Spring face a range of tax bills, with the 25th percentile at $2,957 and the 90th percentile reaching $10,839. The median property tax bill stands at $5,067, higher than the national median property tax rate of 0.99%. High property taxes can significantly impact homeowners, increasing monthly expenses and affecting overall affordability. This is where Ownwell steps in. Our expert consultants specialize in property tax appeals and exemption services, helping homeowners ensure their property is fairly assessed. By leveraging local market data and comprehensive analysis, Ownwell can help reduce your property tax bill, potentially saving you thousands of dollars annually. Let us handle the complexities of property tax appeals so you can enjoy financial peace of mind.
Average China Spring Tax Bill
$5,067
Average Mclennan County Tax Bill
$3,809
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across China Spring, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76633 | $822 | $2,957 | $5,067 | $7,760 | $10,839 |
Source: Ownwell
$1,148
Average China Spring 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 | |
|---|---|
| Mclennan Appraisal District | |
| Phone | (254) 752-9864 |
| Website | esearch.mclennancad.org |
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