Alleyton, Texas Property Taxes
The median property tax rate in Alleyton, TX is 2.22%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $142,774 in Alleyton, the typical annual property tax bill reaches $3,174, surpassing the national median of $2,690. Property taxes in Alleyton are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Alleyton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of Alleyton or in another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alleyton, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.22%
Estimate Property Tax Bill
$3,170
$2,941
Ownwell’s Alleyton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alleyton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alleyton 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 Alleyton, Texas
Property taxes in Alleyton, Texas, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alleyton is 2.22%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Alleyton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alleyton 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 Alleyton's effective property tax rate to other counties in Texas and the national median. For comparison, the 78935 zip code has the highest median property tax rate of 2.22%, while the same zip code also has the lowest median tax rate of 2.22%. Understanding how these cities compare with Alleyton provides valuable insights into the varying tax landscape across Colorado County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alleyton Tax Rate
2.22%
Average Rains County Tax Rate
1.71%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alleyton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78935 | 2.22% | 2.22% | 2.22% | 2.22% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Alleyton, Texas
In Alleyton, 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 Rains 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 Alleyton, 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. For instance, the median home price in Alleyton is $142,774, and the median tax bill stands at $3,174. Notably, the zip code 78935 consistently shows this tax bill value. 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 Alleyton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alleyton Assessed Value
$142,774
Average Rains County Assessed Value
$62,105
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alleyton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78935 | $142,774 | $142,774 | $142,774 | $142,774 | $142,774 |
Source: Ownwell
Property Tax Bills Across Alleyton, Texas
Property tax bills in Alleyton, Rains County, TX, are determined based on the assessed value of the property and the applicable tax rate. The assessed value is an estimate of the property's market value as determined by the county appraisal district. Once the property is assessed, the tax rate, set by local taxing authorities, is applied to this value to calculate the tax bill. Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions or reductions. For instance, homeowners may qualify for homestead exemptions, which can reduce the taxable value of their property. In Alleyton, the median home price is $142,774, and the median property tax bill stands at $3,174, significantly higher than the national median property tax rate of 0.99%. This means that homeowners in Alleyton face a substantial tax burden, impacting their annual housing costs. Understanding these factors can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Alleyton Tax Bill
$3,174
Average Rains County Tax Bill
$1,103
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Alleyton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78935 | $3,174 | $3,174 | $3,174 | $3,174 | $3,174 |
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 | |
|---|---|
| Rains Appraisal District | |
| Website | esearch.rainscad.org |