Sterling City, Texas Property Taxes
The median property tax rate in Sterling City, TX is 2.30%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Sterling City at $37,525, the typical annual property tax bill reaches $823, which is still below the national median of $2,690. Property taxes in Sterling City 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 Sterling City'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 Sterling City 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
Sterling City, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.3%
Estimate Property Tax Bill
$863
$801
Ownwell’s Sterling City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sterling City effortlessly. By simply inputting your property's estimated assessed value, the calculator uses the median tax rate in Sterling City to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value, determined by the county, serves as the basis for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Sterling City, Texas
Property taxes in Sterling City, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sterling City is 2.30%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Sterling City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sterling City 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 Sterling City's effective property tax rate to other counties in Texas and the national median. For comparison, the 76951 zip code has the highest median property tax rate of 2.30%, while the same zip code also has the lowest median tax rate of 2.30%. Understanding how these cities compare with Sterling City provides valuable insights into the varying tax landscape across Sterling County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sterling City Tax Rate
2.30%
Average Sterling County Tax Rate
2.30%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sterling City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76951 | 1.57% | 2.30% | 2.30% | 2.30% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Sterling City, Texas
In Sterling City, 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 Sterling 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. 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 Sterling City is $37,525, with tax bills ranging from $347 at the 25th percentile to $3,213 at the 90th percentile. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sterling City Assessed Value
$37,525
Average Sterling County Assessed Value
$37,525
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sterling City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76951 | $7,831 | $17,124 | $37,525 | $80,808 | $157,035 |
Source: Ownwell
Property Tax Bills Across Sterling City, Texas
Property tax bills in Sterling City, Sterling County, TX, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the property's market value. The local tax rate is applied to this assessed value to calculate the annual tax bill. Factors considered in determining the tax bill include the property's location, size, and any applicable exemptions. For instance, a median home price in Sterling City is $37,525, leading to varying tax bills. Homeowners at the 25th percentile pay around $347, while those at the 75th percentile see bills of approximately $1,746. At the higher end, the 90th percentile tax bill reaches $3,213. Compared to the national median property tax rate of 0.99%, Sterling City offers relatively affordable property taxes. This can significantly affect homeowners by providing lower annual expenses, making the area more attractive for property investment and residency.
Average Sterling City Tax Bill
$823
Average Sterling County Tax Bill
$823
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Sterling City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76951 | $154 | $347 | $823 | $1,746 | $3,213 |
Source: Ownwell