Whitsett, Texas Property Taxes
The median property tax rate in Whitsett, TX is 1.02%, slightly higher than the national median of 0.99% but significantly lower than the Texas state median of 1.67%. With the median home value in Whitsett at $163,584, the typical annual property tax bill amounts to $1,669, which is below the national median of $2,690. Property taxes in Whitsett are calculated based on the assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural use. By understanding Whitsett's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Whitsett or another part of McMullen County, gaining insight into the local property tax system will be beneficial.
Last Updated June 14, 2024
Whitsett, 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 Whitsett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitsett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitsett 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 Whitsett, Texas
Property taxes in Whitsett, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitsett is 1.02%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Whitsett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitsett 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 Whitsett's effective property tax rate to other counties in Texas and the national median. For comparison, the 78075 zip code has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Whitsett provides valuable insights into the varying tax landscape across McMullen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitsett Tax Rate
1.02%
Average Mcmullen County Tax Rate
1.12%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitsett, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78075 | 0.94% | 0.97% | 1.02% | 1.03% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Whitsett, Texas
In Whitsett, 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 McMullen 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 Whitsett, 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. For instance, the median home price in Whitsett is $163,584, with tax bills ranging from $1,535 at the 25th percentile to $9,915 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Whitsett Assessed Value
$163,584
Average Mcmullen County Assessed Value
$44,782
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whitsett, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78075 | $154,969 | $158,200 | $163,584 | $656,743 | $952,638 |
Source: Ownwell
Property Tax Bills Across Whitsett, Texas
In Whitsett, located in McMullen County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Whitsett is $163,584, which serves as a starting point for determining the assessed value. Local tax authorities apply the tax rate to this assessed value to calculate the annual property tax bill. For instance, homeowners at the 25th percentile face a tax bill of approximately $1,535, while those at the 75th percentile pay around $6,823. At the 90th percentile, the tax bill can reach up to $9,915. Several factors influence these amounts, including property size, location, and any applicable exemptions. These property taxes significantly impact homeowners, affecting their monthly budgets and long-term financial planning. Compared to the national median property tax rate of 0.99%, Whitsett's property taxes can vary widely, underscoring the importance of understanding local tax rates and assessed values for accurate financial forecasting.
Average Whitsett Tax Bill
$1,669
Average Mcmullen County Tax Bill
$465
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitsett, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78075 | $1,455 | $1,535 | $1,669 | $6,823 | $9,915 |
Source: Ownwell