Cleveland, Texas Property Taxes
The median property tax rate in Cleveland, TX is 1.41%, which is significantly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Cleveland at $154,300, the typical annual property tax bill amounts to $1,691, which is below the national median of $2,690. Property taxes in Cleveland are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Cleveland's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Cleveland or another part of Montgomery County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cleveland, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$2,176
$2,019
$1,148
Average Tax Savings
Ownwell’s Cleveland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cleveland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cleveland 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 Cleveland. 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 Cleveland, Texas
Property taxes in Cleveland, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cleveland is 1.41%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Cleveland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cleveland 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 Cleveland's effective property tax rate to other counties in Texas and the national median. For comparison, the 77327 zip code has the highest median property tax rate of 1.54%, while the 77328 zip code has the lowest median tax rate of 1.41%. Understanding how these cities compare with Cleveland provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cleveland Tax Rate
1.41%
Average Montgomery County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cleveland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77327 | 0.52% | 1.19% | 1.54% | 2.07% | 2.07% |
| 77328 | 0.36% | 0.84% | 1.41% | 1.74% | 2.17% |
Source: Ownwell
$1,148
Average Cleveland Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Cleveland, Texas
In Cleveland, 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 Montgomery 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 Cleveland, 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 zip code 77328 has the highest median tax bill at $1,723, while zip code 77327 has the lowest median tax bill at $1,019. Being aware of these valuation processes in Cleveland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cleveland Assessed Value
$154,300
Average Montgomery County Assessed Value
$278,300
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cleveland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77327 | $11,786 | $38,350 | $66,370 | $99,530 | $198,938 |
| 77328 | $21,612 | $57,500 | $155,610 | $266,120 | $380,310 |
Source: Ownwell
$1,148
Average Cleveland Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Cleveland, Texas
In Cleveland, Montgomery County, TX, property tax bills are calculated based on the assessed value of your home. The median home price in the area is $154,300, and property tax rates are applied to this assessed value to determine your tax bill. Factors such as the local tax rate and any applicable exemptions play a significant role in the final amount. Homeowners in Cleveland can see tax bills ranging from $543 at the 25th percentile to $6,456 at the 90th percentile, with the highest median tax bill reaching $1,723 in the 77328 zip code. High property taxes can be a financial burden, but Ownwell can help homeowners reduce their tax bills. By providing expert property tax appeal and exemption services, Ownwell ensures you are not overpaying. Our team reviews your property's assessed value and identifies discrepancies, potentially lowering your tax obligation. With our assistance, you can achieve significant savings and better manage your property expenses.
Average Cleveland Tax Bill
$1,691
Average Montgomery County Tax Bill
$4,550
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cleveland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77327 | $172 | $469 | $1,019 | $1,517 | $3,530 |
| 77328 | $164 | $545 | $1,723 | $4,139 | $6,456 |
Source: Ownwell
$1,148
Average Cleveland 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 | |
|---|---|
| Montgomery Appraisal District | |
| Website | mcad-tx.org |
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