Shipp Addn, Texas Property Taxes
The median property tax rate in SHIPP ADDN, TX is 1.75%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in SHIPP ADDN, the typical annual property tax bill reaches $901, which is significantly lower than the national median of $2,690. Property taxes in SHIPP ADDN are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding SHIPP ADDN'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 SHIPP ADDN 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
Shipp Addn, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s SHIPP ADDN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SHIPP ADDN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SHIPP ADDN 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 Shipp Addn, Texas
Property taxes in SHIPP ADDN, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in SHIPP ADDN is 1.75%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within SHIPP ADDN set these rates annually, and they can vary significantly across different neighborhoods. Each year, SHIPP ADDN 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 SHIPP ADDN's effective property tax rate to other counties in Texas and the national median. For comparison, the 75001 zip code has the highest median property tax rate of 2.18%, while the 75002 zip code has the lowest median tax rate of 1.56%. Understanding how these cities compare with SHIPP ADDN provides valuable insights into the varying tax landscape across Rains County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shipp Addn Tax Rate
1.75%
Average Rains County Tax Rate
1.71%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shipp Addn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Shipp Addn, Texas
In SHIPP ADDN, 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 SHIPP ADDN, 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. The median home price in SHIPP ADDN is $51,542, with tax bills ranging from $901 at the 25th percentile to $901 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Shipp Addn Assessed Value
$51,542
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 Shipp Addn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Shipp Addn, Texas
In SHIPP ADDN, located in Rains County, TX, property tax bills are determined by several key factors. The primary factor is the assessed value of the property, which is based on the market value. For instance, with a median home price of $51,542, the property's assessed value plays a crucial role in calculating the tax bill. The local tax rate is then applied to this assessed value to determine the annual tax obligation. The tax rate in Rains County is influenced by various local government needs, including public services, schools, and infrastructure. Homeowners in SHIPP ADDN can expect a property tax bill around $901, which is consistent across the 25th, 75th, and 90th percentiles. This amount is significantly lower than the national median property tax rate of 0.99%, making it relatively affordable for homeowners in this area. Understanding these factors helps homeowners in SHIPP ADDN anticipate their annual property tax expenses, ensuring they are better prepared for financial planning and budgeting.
Average Shipp Addn Tax Bill
$901
Average Rains County Tax Bill
$1,103
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Shipp Addn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
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 |