Long Branch, Texas Property Taxes
The median property tax rate in Long Branch, TX is 1.51%, which is considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $67,650 in Long Branch, the typical annual property tax bill amounts to $982, which is below the national median of $2,690. Property taxes in Long Branch are calculated based on the assessed value, which often falls below market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Long Branch'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 Long Branch or another part of the city, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Long Branch, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$1,022
$945
Ownwell’s Long Branch Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Long Branch with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Long Branch 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 Long Branch, Texas
Property taxes in Long Branch, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Long Branch is 1.51%, higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Long Branch set these rates annually, and they can vary significantly across different neighborhoods. Each year, Long Branch 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 Long Branch's effective property tax rate to other counties in Texas and the national median. For comparison, the 75669 zip code has the highest median property tax rate of 1.51%, while the 75669 zip code has the lowest median tax rate of 1.51%. Understanding how these cities compare with Long Branch provides valuable insights into the varying tax landscape across Panola, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Long Branch Tax Rate
1.51%
Average Panola County Tax Rate
1.51%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Long Branch, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75669 | 1.35% | 1.46% | 1.51% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Long Branch, Texas
In Long Branch, 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 Panola 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 Long Branch, 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 Long Branch is $67,650, with tax bills ranging from $395 at the 25th percentile to $3,452 at the 90th percentile. The highest and lowest median tax bills are both $982 in the 75669 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Long Branch Assessed Value
$67,650
Average Panola County Assessed Value
$71,020
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Long Branch, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75669 | $11,538 | $26,695 | $67,650 | $139,340 | $228,586 |
Source: Ownwell
Property Tax Bills Across Long Branch, Texas
In Long Branch, Panola County, TX, property tax bills are calculated based on the assessed value of a home. The median home price in the area is $67,650, which serves as a baseline for determining property taxes. Local tax authorities assess the value of properties annually, taking into account market conditions, property improvements, and comparable sales in the neighborhood. Homeowners in Long Branch can expect their tax bills to vary significantly. At the 25th percentile, property tax bills are around $395, while at the 75th percentile, they can reach up to $2,085. For those at the 90th percentile, tax bills may climb as high as $3,452. These variations highlight the impact of property value assessments on tax obligations. Compared to the national median property tax rate of 0.99%, the tax rates in Long Branch reflect the local economic landscape and property values. Understanding these factors is crucial for homeowners as they budget for their annual expenses and plan for potential tax appeals or exemptions.
Average Long Branch Tax Bill
$982
Average Panola County Tax Bill
$1,139
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Long Branch, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75669 | $170 | $395 | $982 | $2,085 | $3,452 |
Source: Ownwell