New Caney, Texas Property Taxes
The median property tax rate in New Caney, TX is 1.83%, noticeably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in New Caney, the typical annual property tax bill reaches $2,088, which is below the national median of $2,690. Property taxes in New Caney 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 New Caney'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 New Caney 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
New Caney, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.83%
Estimate Property Tax Bill
$3,241
$3,007
$1,148
Average Tax Savings
Ownwell’s New Caney Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Caney with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Caney 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 New Caney. 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 New Caney, Texas
Property taxes in New Caney, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Caney is 1.83%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within New Caney set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Caney 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 New Caney's effective property tax rate to other counties in Texas and the national median. For comparison, the 77357 zip code has the highest median property tax rate of 1.83%, while the same 77357 zip code also has the lowest median tax rate of 1.83%. Understanding how these cities compare with New Caney 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 New Caney Tax Rate
1.83%
Average Montgomery County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Caney, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77357 | 0.46% | 1.13% | 1.83% | 2.48% | 2.85% |
Source: Ownwell
$1,148
Average New Caney Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across New Caney, Texas
In New Caney, 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 New Caney, 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. The median home price in New Caney is $177,085, with tax bills varying significantly. For instance, the tax bill at the 25th percentile is $736, while at the 75th percentile, it is $6,105. Notably, the highest and lowest median tax bills in the area both stand at $2,088, specifically in the 77357 zip code. 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 New Caney helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average New Caney Assessed Value
$177,085
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 New Caney, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77357 | $21,175 | $55,055 | $177,085 | $278,340 | $370,673 |
Source: Ownwell
$1,148
Average New Caney Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across New Caney, Texas
In New Caney, Montgomery County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. Homeowners in this area face a median property tax rate of 0.99%, aligning with the national median. For instance, with a median home price of $177,085, property taxes can range widely. The 25th percentile tax bill is approximately $736, while the 75th percentile reaches up to $6,105, and the 90th percentile can soar to $8,628. These tax bills are influenced by various factors including the property's location, market conditions, and any applicable exemptions. High property taxes can significantly impact homeowners, making it crucial to ensure they are not overpaying. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially reducing their tax burden. By leveraging expert knowledge and local data, Ownwell helps homeowners achieve fair assessments, ensuring they only pay their fair share of property taxes.
Average New Caney Tax Bill
$2,088
Average Montgomery County Tax Bill
$4,550
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across New Caney, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77357 | $232 | $736 | $2,088 | $6,105 | $8,628 |
Source: Ownwell
$1,148
Average New Caney 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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