Westbrook, Texas Property Taxes
The median property tax rate in Westbrook, TX is 1.63%, which is considerably higher than the national median of 0.99%, yet slightly below the Texas state median of 1.67%. With a median home value of $52,345 in Westbrook, the typical annual property tax bill amounts to $632, which is much lower than the national median of $2,690. Property taxes in Westbrook 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 Westbrook'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 Westbrook 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
Westbrook, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$853
$792
Ownwell’s Westbrook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westbrook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westbrook 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 Westbrook, Texas
Property taxes in Westbrook, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westbrook is 1.63%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Westbrook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westbrook 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 Westbrook's effective property tax rate to other counties in Texas and the national median. For comparison, the 79565 zip code has the highest median property tax rate of 1.63%, while the same zip code also has the lowest median tax rate of 1.63%. Understanding how these cities compare with Westbrook provides valuable insights into the varying tax landscape across Mitchell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Westbrook Tax Rate
1.63%
Average Mitchell County Tax Rate
1.88%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westbrook, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79565 | 0.74% | 1.04% | 1.63% | 2.01% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Westbrook, Texas
In Westbrook, 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 Mitchell 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 Westbrook, 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. Being aware of these valuation processes in Westbrook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $632.00 in the 79565 zip code, while the lowest median tax bill is also $632.00 in the same zip code.
Average Westbrook Assessed Value
$52,345
Average Mitchell County Assessed Value
$57,050
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Westbrook, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79565 | $5,419 | $24,626 | $52,345 | $105,552 | $218,263 |
Source: Ownwell
Property Tax Bills Across Westbrook, Texas
In Westbrook, property tax bills are determined based on the assessed value of a home, which is calculated by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $52,345, homeowners can expect varying tax bills depending on their home’s assessed value and the specific tax rate applied. Several factors influence the tax bill, including the property's location within Mitchell County, any applicable exemptions, and the specific tax rates set by local taxing authorities. Homeowners in Westbrook generally experience tax bills ranging from $290 at the 25th percentile to $2,143 at the 90th percentile. The highest median tax bill recorded in the area is $632 in the 79565 zip code. These property taxes fund essential public services such as schools, emergency services, and infrastructure. Understanding how these factors come together helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Westbrook Tax Bill
$632
Average Mitchell County Tax Bill
$1,077
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Westbrook, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79565 | $114 | $290 | $632 | $1,324 | $2,143 |
Source: Ownwell