Cherokee, Texas Property Taxes
The median property tax rate in Cherokee, Texas is 1.12%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $108,715 in Cherokee, the typical annual property tax bill amounts to $1,096, which is below the national median of $2,690. Property taxes in Cherokee are determined based on the assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Cherokee's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether residing in the heart of Cherokee or another part of the city, gaining insight into the local property tax system is advantageous for all property owners.
Last Updated June 14, 2024
Cherokee, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,218
$1,130
Ownwell’s Cherokee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cherokee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cherokee 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 Cherokee, Texas
Property taxes in Cherokee, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cherokee is 1.3%, higher than both the Texas state median of 1.6% and the U.S. national median of 0.99%. Local government entities within Cherokee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cherokee 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 Cherokee's effective property tax rate to other counties in Texas and the national median. For comparison, the 75766 zip code has the highest median property tax rate of 1.3%, while the 75766 zip code also has the lowest median tax rate of 1.3%. Understanding how these cities compare with Cherokee provides valuable insights into the varying tax landscape across Cherokee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cherokee Tax Rate
1.12%
Average San Saba County Tax Rate
1.26%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cherokee, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76832 | 0.69% | 0.91% | 1.12% | 1.38% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Cherokee, Texas
In Cherokee, 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 Cherokee 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 Cherokee, 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 Cherokee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,096, while the lowest is also $1,096, both found in the zip code 76832.
Average Cherokee Assessed Value
$108,715
Average San Saba County Assessed Value
$107,950
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cherokee, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76832 | $15,560 | $47,012 | $108,715 | $205,462 | $302,076 |
Source: Ownwell
Property Tax Bills Across Cherokee, Texas
In Cherokee, 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 Cherokee is $108,715, and the assessed value is typically a percentage of this market value. The property tax rate in Cherokee is applied to the assessed value to determine the annual tax bill. Several factors influence the tax bill, including property location, size, and any applicable exemptions. For homeowners in Cherokee, property tax bills can vary significantly. The 25th percentile tax bill is $482, while the 75th percentile reaches $1,957, and the 90th percentile can be as high as $3,074. These variations highlight the importance of accurate property assessments and understanding local tax rates. Compared to the national median property tax rate of 0.99%, Cherokee's rates reflect the local economic conditions and funding needs for public services. Homeowners must stay informed about their property assessments and any changes in local tax rates to manage their annual tax obligations effectively.
Average Cherokee Tax Bill
$1,096
Average San Saba County Tax Bill
$1,273
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cherokee, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76832 | $191 | $482 | $1,096 | $1,957 | $3,074 |
Source: Ownwell