Laird Hill, Texas Property Taxes
The median property tax rate in Laird Hill, TX is 1.53%, notably higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With the median home value in Laird Hill at $40,720, the typical annual property tax bill amounts to $622, which is lower than the national median of $2,690. Property taxes in Laird Hill are determined based on the tax assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Laird Hill'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 Laird Hill or another part of Rusk County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Laird Hill, 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 Laird Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laird Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laird Hill 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 Laird Hill, Texas
Property taxes in Laird Hill, Texas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Laird Hill is 1.53%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Laird Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laird Hill 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 Laird Hill's effective property tax rate to other counties in Texas and the national median. For comparison, the 75666 zip code has both the highest and lowest median property tax rate of 1.53%. Understanding how these cities compare with Laird Hill provides valuable insights into the varying tax landscape across Rusk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Laird Hill Tax Rate
1.53%
Average Rusk County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laird Hill, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75666 | 1.04% | 1.44% | 1.53% | 1.53% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Laird Hill, Texas
In Laird Hill, 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 Rusk 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 Laird Hill, 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 example, the median home price in Laird Hill is $40,720, with tax bills ranging from $483 at the 25th percentile to $1,397 at the 90th percentile. The zip code 75666 has both the highest and lowest median tax bill, valued at $622. 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 their tax burden.
Average Laird Hill Assessed Value
$40,720
Average Rusk County Assessed Value
$113,250
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Laird Hill, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75666 | $5,012 | $37,588 | $40,720 | $63,600 | $105,546 |
Source: Ownwell
Property Tax Bills Across Laird Hill, Texas
Property tax bills in Laird Hill, located in Rusk County, TX, are calculated based on the assessed value of a property and the local tax rate. The median home price in Laird Hill is $40,720. To determine the tax bill, the assessed value is multiplied by the local property tax rate. For instance, a property with a median home price might see a tax bill around $622 annually, which is comparable to the highest and lowest median tax bills in the area. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. These factors combined determine how much a homeowner will owe. For example, tax bills in the 25th percentile are approximately $483, while those in the 75th percentile are around $1,101. The impact on homeowners can vary significantly, with some paying as much as $1,397, which falls in the 90th percentile. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances accordingly.
Average Laird Hill Tax Bill
$622
Average Rusk County Tax Bill
$1,761
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Laird Hill, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75666 | $64 | $483 | $622 | $1,101 | $1,397 |
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 | |
|---|---|
| Rusk Appraisal District | |
| Website | www.ruskcad.org |