Chester, Texas Property Taxes
The median property tax rate in Chester, TX is 1.74%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Chester at $110,674, the typical annual property tax bill reaches $1,842, which is still below the national median of $2,690. Property taxes in Chester 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 Chester'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 Chester or another part of Tyler County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chester, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$1,926
$1,787
Ownwell’s Chester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chester 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 Chester, Texas
Property taxes in Chester, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chester is 1.74%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Chester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chester 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 Chester's effective property tax rate to other counties in Texas and the national median. For comparison, the 75936 zip code has the highest median property tax rate of 1.74%, while the same zip code also has the lowest median tax rate of 1.74%. Understanding how these cities compare with Chester provides valuable insights into the varying tax landscape across Tyler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chester Tax Rate
1.74%
Average Tyler County Tax Rate
2.01%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chester, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75936 | 0.84% | 1.34% | 1.74% | 2.05% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Chester, Texas
In Chester, 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 Tyler 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 Chester, 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. The median home price in Chester is $110,674, with tax bills ranging from $928 at the 25th percentile to $4,709 at the 90th percentile. The zip code with the highest and lowest median tax bill is 75936, both at $1,842. 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 Chester Assessed Value
$110,674
Average Tyler County Assessed Value
$69,123
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chester, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75936 | $23,974 | $52,218 | $110,674 | $209,529 | $353,583 |
Source: Ownwell
Property Tax Bills Across Chester, Texas
In Chester, located in Tyler County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local tax assessor and is typically a percentage of the home's market value. For instance, if the median home price in Chester is $110,674, the tax bill will be a product of this assessed value and the applicable tax rate. Several factors influence the final tax bill, including property size, location, and any exemptions for which the homeowner may qualify. In Chester, the tax bill varies significantly, with the 25th percentile at $928 and the 75th percentile reaching $2,971. For the top 10% of homeowners, tax bills can climb as high as $4,709. This range shows how property taxes can impact homeowners differently, depending on their property’s assessed value and any applicable reductions. Comparatively, Chester's property tax rates can be higher than the national median property tax rate of 0.99%, making it essential for homeowners to understand their specific tax obligations.
Average Chester Tax Bill
$1,842
Average Tyler County Tax Bill
$1,323
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Chester, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75936 | $401 | $928 | $1,842 | $2,971 | $4,709 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Tyler Appraisal District | |
| Website | propaccess.trueautomation.com |