Pelican Bay, Texas Property Taxes
The median property tax rate in Pelican Bay, TX is 0.51%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Pelican Bay, the typical annual property tax bill reaches $136, significantly below the national median of $2,690. Property taxes in Pelican Bay 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 Pelican Bay'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 Pelican Bay 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
Pelican Bay, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Pelican Bay, Texas Tax Savings
Ownwell’s Pelican Bay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pelican Bay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pelican Bay to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Pelican Bay. 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 Pelican Bay, Texas
Property taxes in Pelican Bay, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pelican Bay is 0.51%, which is lower than the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Pelican Bay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pelican Bay 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 Pelican Bay's effective property tax rate to other counties in Texas and the national median. For comparison, the 76020 zip code has the highest median property tax rate of 0.51%, while the same zip code also has the lowest median tax rate of 0.51%. Understanding how these cities compare with Pelican Bay provides valuable insights into the varying tax landscape across Tarrant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pelican Bay Tax Rate
0.51%
Average Tarrant County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pelican Bay, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76020 | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
$1,148
Average Pelican Bay Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Pelican Bay, Texas
In Pelican Bay, 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 Tarrant 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 Pelican Bay, 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 Pelican Bay is $26,661, with the highest median tax bill being $136 in the 76020 zip code. 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 Pelican Bay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pelican Bay Assessed Value
$26,661
Average Tarrant County Assessed Value
$306,713
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pelican Bay, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76020 | $26,661 | $26,661 | $26,661 | $26,661 | $26,661 |
Source: Ownwell
$1,148
Average Pelican Bay Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Pelican Bay, Texas
In Pelican Bay, located in Tarrant County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value, and for Pelican Bay, the median home price stands at $26,661. With a consistent property tax bill of $136 across various percentiles, homeowners in Pelican Bay face a tax rate significantly lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value and applicable local tax rates. For homeowners, this means that property taxes can be a manageable expense, but it's still essential to ensure that their property is accurately assessed. Ownwell steps in to assist homeowners by offering property tax appeal and exemption services. By challenging inaccurate assessments and identifying potential exemptions, Ownwell helps homeowners reduce their property tax bills, ensuring they only pay their fair share. This can lead to significant savings and greater financial peace of mind.
Average Pelican Bay Tax Bill
$136
Average Tarrant County Tax Bill
$5,114
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Pelican Bay, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76020 | $136 | $136 | $136 | $136 | $136 |
Source: Ownwell
$1,148
Average Pelican Bay Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 24 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Tarrant Appraisal District | |
| Phone | (817) 284-0024 |
| Website | www.tad.org |
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