Colmesneil, Texas Property Taxes
The median property tax rate in COLMESNEIL, TX is 1.73%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in COLMESNEIL, the typical annual property tax bill reaches $1,177, which is below the national median of $2,690. Property taxes in COLMESNEIL 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 COLMESNEIL'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 COLMESNEIL 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
Colmesneil, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$1,243
$1,153
Ownwell’s Colmesneil Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Colmesneil with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Colmesneil 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 Colmesneil, Texas
Property taxes in Colmesneil, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Colmesneil is 1.73%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Colmesneil set these rates annually, and they can vary significantly across different neighborhoods. Each year, Colmesneil 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 Colmesneil's effective property tax rate to other counties in Texas and the national median. For comparison, the 75938 zip code has the highest median property tax rate of 1.73%, while the 75938 zip code also has the lowest median tax rate of 1.73%. Understanding how these cities compare with Colmesneil 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 Colmesneil Tax Rate
1.73%
Average Tyler County Tax Rate
2.01%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Colmesneil, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75938 | 0.94% | 1.38% | 1.73% | 1.73% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Colmesneil, Texas
In Colmesneil, 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 Colmesneil, 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 Colmesneil is $71,838, with tax bills ranging from $479 at the 25th percentile to $4,350 at the 90th percentile. The highest and lowest median tax bills are both $1,177 in the zip code 75938. 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 Colmesneil Assessed Value
$71,838
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 Colmesneil, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75938 | $9,200 | $30,295 | $71,838 | $168,300 | $306,487 |
Source: Ownwell
Property Tax Bills Across Colmesneil, Texas
In Colmesneil, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the county assessor and reflects the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. In Tyler County, where Colmesneil is located, the median home price is $71,838. Homeowners in Colmesneil can expect their property tax bills to vary significantly. For example, the tax bill at the 25th percentile is $479, while at the 75th percentile, it rises to $2,548. At the 90th percentile, the tax bill can reach up to $4,350. These variations are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Colmesneil's rates can be considered moderate, impacting homeowners' annual financial planning and potentially influencing property market dynamics in the area.
Average Colmesneil Tax Bill
$1,177
Average Tyler County Tax Bill
$1,323
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Colmesneil, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75938 | $156 | $479 | $1,177 | $2,548 | $4,350 |
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 |