Aspermont, Texas Property Taxes
The median property tax rate in Aspermont, TX is 3.00%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Aspermont at $46,250, the typical annual property tax bill reaches $1,314, surpassing the national median of $2,690. Property taxes in Aspermont are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Aspermont'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 Aspermont 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
Aspermont, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3%
Estimate Property Tax Bill
$1,388
$1,288
Ownwell’s Aspermont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aspermont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aspermont 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 Aspermont, Texas
Property taxes in Aspermont, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aspermont is 3.00%, significantly higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Aspermont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aspermont 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 Aspermont's effective property tax rate to other counties in Texas and the national median. For comparison, the 79502 zip code has both the highest and lowest median property tax rate of 3.00%. Understanding how these cities compare with Aspermont provides valuable insights into the varying tax landscape across Stonewall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aspermont Tax Rate
3.00%
Average Stonewall County Tax Rate
3.00%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aspermont, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79502 | 2.42% | 2.42% | 3.00% | 3.01% | 3.01% |
Source: Ownwell
Property Tax Assessment Values Across Aspermont, Texas
In Aspermont, 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 Stonewall 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 example, the median home price in Aspermont is $46,250, with tax bills ranging from $457 at the 25th percentile to $2,753 at the 90th percentile. The highest and lowest median tax bills are both $1,314 in the 79502 zip code. 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 the tax burden.
Average Aspermont Assessed Value
$46,250
Average Stonewall County Assessed Value
$47,990
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aspermont, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79502 | $4,116 | $16,250 | $46,250 | $71,270 | $101,246 |
Source: Ownwell
Property Tax Bills Across Aspermont, Texas
Property tax bills in Aspermont, located in Stonewall County, TX, are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the property's market value. In Aspermont, the median home price is $46,250. The local tax rate is then applied to this assessed value to determine the tax bill. For example, homeowners in Aspermont can expect a tax bill ranging from $457 at the 25th percentile to $2,008 at the 75th percentile, with the 90th percentile reaching up to $2,753. This variation is due to differences in property values and any applicable exemptions. The median tax bill in the area is $1,314, which is higher than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in the community.
Average Aspermont Tax Bill
$1,314
Average Stonewall County Tax Bill
$1,361
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Aspermont, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79502 | $116 | $457 | $1,314 | $2,008 | $2,753 |
Source: Ownwell