Sanderson, Texas Property Taxes
The median property tax rate in Sanderson, TX is 1.86%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Sanderson, the typical annual property tax bill reaches $637, which is significantly lower than the national median of $2,690. Property taxes in Sanderson 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 Sanderson'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 Sanderson 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
Sanderson, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.86%
Estimate Property Tax Bill
$653
$604
Ownwell’s Sanderson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sanderson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sanderson 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 Sanderson, Texas
Property taxes in Sanderson, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sanderson is 1.86%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Sanderson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sanderson 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 Sanderson's effective property tax rate to other counties in Texas and the national median. For comparison, the 79848 zip code has the highest median property tax rate of 1.86%, while the 79848 zip code also has the lowest median tax rate of 1.86%. Understanding how these cities compare with Sanderson provides valuable insights into the varying tax landscape across Terrell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sanderson Tax Rate
1.86%
Average Terrell County Tax Rate
1.86%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sanderson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79848 | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Sanderson, Texas
In Sanderson, 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 Terrell 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 Sanderson, 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 Sanderson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in Sanderson is $35,085, with tax bills ranging from $254 at the 25th percentile to $2,173 at the 90th percentile. The highest and lowest median tax bills in the area are both $637, found in the 79848 zip code.
Average Sanderson Assessed Value
$35,085
Average Terrell County Assessed Value
$34,740
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sanderson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79848 | $6,937 | $14,438 | $35,085 | $75,689 | $122,062 |
Source: Ownwell
Property Tax Bills Across Sanderson, Texas
Property tax bills in Sanderson, Terrell County, TX, are calculated based on the assessed value of the home and the local tax rate. The assessed value is typically a percentage of the market value of the property. In Sanderson, the median home price stands at $35,085. Homeowners in this area can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $254 and the 75th percentile reaching $1,396. At the 90th percentile, tax bills can go as high as $2,173. The local tax rate and the assessed value are crucial factors in determining the final tax bill. For example, a higher market value or a higher local tax rate will result in a higher property tax bill. Compared to the national median property tax rate of 0.99%, Sanderson's rates can be considered relatively moderate. This variation in tax bills can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Sanderson Tax Bill
$637
Average Terrell County Tax Bill
$612
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Sanderson, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79848 | $128 | $254 | $637 | $1,396 | $2,173 |
Source: Ownwell