Caldwell, Texas Property Taxes
The median property tax rate in Caldwell, TX is 0.92%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $323,920, the typical annual property tax bill in Caldwell is $1,502, considerably below the national median of $2,690. Property taxes in Caldwell 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 Caldwell'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 Caldwell 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
Caldwell, 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 Caldwell Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Caldwell with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Caldwell to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities with ease. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Caldwell, Texas
Property taxes in Caldwell, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Caldwell is 0.92%, slightly lower than the U.S. national median of 0.99%. Local government entities within Caldwell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caldwell 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 Caldwell's effective property tax rate to other counties in Texas and the national median. For comparison, the 77836 zip code has both the highest and lowest median property tax rate of 0.92%. Understanding how these cities compare with Caldwell provides valuable insights into the varying tax landscape across Milam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caldwell Tax Rate
0.92%
Average Milam County Tax Rate
1.45%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caldwell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77836 | 0.14% | 0.43% | 0.92% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Caldwell, Texas
In Caldwell, 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 Burleson 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 Caldwell, 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 example, the median home price in Caldwell is $323,920, with tax bills ranging from $806 at the 25th percentile to $4,901 at the 90th percentile. 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 Caldwell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Caldwell Assessed Value
$323,920
Average Milam County Assessed Value
$146,970
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caldwell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77836 | $76,522 | $111,000 | $323,920 | $634,610 | $907,414 |
Source: Ownwell
Property Tax Bills Across Caldwell, Texas
In Caldwell, located in Milam County, TX, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Caldwell can expect their tax bills to be influenced by several factors, including the property's assessed value, the local tax rate, and any applicable exemptions. The median home price in Caldwell is $323,920, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $806, while the 75th percentile tax bill reaches $3,118. At the 90th percentile, homeowners might see tax bills as high as $4,901. Compared to the national median property tax rate of 0.99%, these figures highlight the variability within the region. Homeowners in Caldwell should be aware that their property tax bills can have a substantial impact on their annual expenses. Understanding how these bills are calculated can help them plan their finances more effectively and seek potential exemptions or appeals if necessary.
Average Caldwell Tax Bill
$1,502
Average Milam County Tax Bill
$1,812
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Caldwell, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77836 | $601 | $806 | $1,502 | $3,118 | $4,901 |
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 | |
|---|---|
| Milam Appraisal District | |
| Website | esearch.milamad.org |