Nolan, Texas Property Taxes
The median property tax rate in Nolan, TX is 1.60%, which is higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With the median home value in Nolan at $123,310, the typical annual property tax bill amounts to $1,679, which is below the national median of $2,690. Property taxes in Nolan are determined based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Nolan'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 Nolan or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nolan, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$1,973
$1,831
Ownwell’s Nolan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nolan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nolan 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 Nolan, Texas
Property taxes in Nolan, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nolan is 1.60%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Nolan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nolan 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 Nolan's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 79537 has the highest median property tax rate of 1.60%, while the lowest median tax rate is also 1.60% in the same zip code. Understanding how these cities compare with Nolan provides valuable insights into the varying tax landscape across Nolan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nolan Tax Rate
1.60%
Average Nolan County Tax Rate
2.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nolan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79537 | 1.12% | 1.32% | 1.60% | 1.85% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Nolan, Texas
In Nolan, 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 Nolan 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 Nolan, 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 Nolan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 79537 has the highest and the lowest median tax bill, both at $1,679.
Average Nolan Assessed Value
$123,310
Average Nolan County Assessed Value
$69,100
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nolan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79537 | $74,335 | $89,125 | $123,310 | $228,405 | $350,965 |
Source: Ownwell
Property Tax Bills Across Nolan, Texas
In Nolan, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which estimates the market value of the property. Homeowners in Nolan can expect a median tax bill of $1,679, which aligns with the national median property tax rate of 0.99%. Factors considered in determining the tax bill include the property's location, size, and market conditions. For instance, a home valued at the median home price of $123,310 would see a tax bill around the median rate. However, tax bills can vary significantly. The 25th percentile tax bill is $1,335, while the 75th percentile reaches $3,695, and the 90th percentile can go up to $5,008. These variations affect homeowners differently, with higher-valued properties shouldering a larger tax burden. Understanding these components helps homeowners anticipate their annual expenses and plan accordingly.
Average Nolan Tax Bill
$1,679
Average Nolan County Tax Bill
$1,393
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Nolan, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79537 | $998 | $1,335 | $1,679 | $3,695 | $5,008 |
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 | |
|---|---|
| Nolan Appraisal District | |
| Website | www.nolan-cad.org |