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Tye, Taylor County, Texas Property Taxes

  • Median Tye, TX effective property tax rate: 2.01%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
  • Median Tye, TX home value: $32,782
  • Median annual Tye, TX tax bill: $562, $1,838 lower than the national median property tax bill of $2,400.

How are property taxes in Taylor County calculated?

Property taxes in Tye, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Tye’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tye, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Tye, Taylor County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.01%

Estimate Property Tax Bill

$659

$611

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Tye Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tye with just two data points. By entering your property's estimated assessed value, our calculator applies Tye’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Taylor County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Tye, Taylor County, Texas

Local government entities determine tax rates, which can differ significantly within a state. Each year, counties estimate the budget needed to provide services and divide this by the total value of all taxable property within their jurisdiction. This process establishes the property tax rate. Despite the involvement of votes and laws in setting tax rates and budgets, this is essentially the annual procedure.

In Tye, a city in Taylor County, Texas, property tax rates reflect local budgetary needs and property values. The effective property tax rate here is notably higher than the national median of 1.02%. This rate impacts the average property tax bill, which also exceeds the national median of $2400. These figures highlight the importance of understanding local tax rates, as they can significantly affect property ownership costs. Comparing Tye's effective property tax rate to other cities in Texas and the national median provides valuable insight into the local tax landscape. Understanding these differences can help property owners make informed decisions about property tax appeals and exemptions, potentially leading to significant savings.

Property Tax Rates Across Tye, Taylor County, Texas

Source: Ownwell

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1.23%

1.77%

2.31%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Tye Tax Rate

2.01%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Taylor County Tax Rate

2.16%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Tye, Taylor County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
795631.01%1.86%2.01%2.01%2.01%

Source: Ownwell

Property Tax Assessment Values Across Tye, Taylor County, Texas

When examining property taxes in Tye, Texas, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Taylor County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Taylor County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Tye.

For example, the median home price in Tye is $32,782, with tax bills ranging significantly across the county. Zip code 79563 has the highest median home price at $32,782.

Property Tax Assessment Values Across Tye, Taylor County, Texas

Source: Ownwell

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$32,782

$163,580

$294,378

Median Tye Market Value

$32,782

Median Taylor County Market Value

$148,796

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Tye, Taylor County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
79563$4,387$14,604$32,782$68,151$115,210

Source: Ownwell

Property Tax Bills Across Tye, Taylor County, Texas

In Tye, located in Taylor County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The median home price in this area is $32,782, significantly lower than the national median. The property tax rate is applied to this assessed value to determine the tax bill. Factors such as the property's location, size, and improvements can influence the assessed value. Homeowners in Tye experience a range of tax bills, with the 25th percentile at $219 and the 75th percentile reaching $1,130. The highest median tax bill in the area is $562, which is still below the national median tax bill of $2,400. This can have a considerable impact on homeowners, affecting their overall housing costs. Ownwell can assist homeowners by identifying potential errors in assessments and filing appeals, potentially lowering their tax bills. By leveraging expertise in property tax laws and local market conditions, Ownwell helps homeowners save money and reduce their financial burden.

Property Tax Bills Across Tye, Taylor County, Texas

Source: Ownwell

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$435

$2,725

$5,015

Median Tye Tax Bill

$562

Median Taylor County Tax Bill

$3,051

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Tye, Taylor County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
79563$64$219$562$1,130$2,015

Source: Ownwell

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