Chester, Texas Property Taxes
The median property tax rate in Chester, TX is 0.42%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Chester at $70,296, the typical annual property tax bill is $263, well below the national median of $2,690. Property taxes in Chester 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 Chester'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 Chester 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
Chester, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$295
$273
Ownwell’s Chester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chester 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 Chester, Texas
Property taxes in Chester, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chester is 0.42%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Chester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chester 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 Chester's effective property tax rate to other counties in Texas and the national median. For comparison, the 75936 zip code has both the highest and lowest median property tax rate of 0.42%, matching Chester's rate. Understanding how these cities compare with Chester provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chester Tax Rate
0.42%
Average Polk County Tax Rate
1.14%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chester, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75936 | 0.16% | 0.31% | 0.42% | 0.49% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Chester, Texas
In Chester, 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 Polk 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 Chester, 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 Chester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Chester, both $263, are found in the 75936 zip code.
Average Chester Assessed Value
$70,296
Average Polk County Assessed Value
$100,271
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chester, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75936 | $7,022 | $24,515 | $70,296 | $153,300 | $268,866 |
Source: Ownwell
Property Tax Bills Across Chester, Texas
In Chester, located in Polk County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Chester is $70,296, and property tax rates are applied to this assessed value to determine the tax bill. Factors such as property size, location, and any improvements made to the property can influence the assessed value. For homeowners in Chester, the 25th percentile tax bill is $96, while the 75th percentile tax bill is $534, indicating a significant range based on property characteristics. The 90th percentile tax bill reaches up to $779, highlighting the impact of higher-valued properties. Compared to the national median property tax rate of 0.99%, Chester's property tax bills can vary widely, affecting homeowners differently depending on their property's assessed value. This variability underscores the importance of understanding how local assessments and tax rates influence overall tax obligations for homeowners in Chester.
Average Chester Tax Bill
$263
Average Polk County Tax Bill
$831
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Chester, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75936 | $40 | $96 | $263 | $534 | $779 |
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 | |
|---|---|
| Polk Appraisal District | |
| Website | propaccess.trueautomation.com |