Shiro, Texas Property Taxes
The median property tax rate in Shiro, TX is 0.72%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Shiro at $185,870, the typical annual property tax bill amounts to $1,345, which is well below the national median of $2,690. Property taxes in Shiro are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Shiro's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Shiro or another part of Walker County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shiro, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,338
$1,242
Ownwell’s Shiro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shiro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shiro 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 Shiro, Texas
Property taxes in Shiro, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shiro is 0.72%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Shiro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shiro 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 Shiro's effective property tax rate to other counties in Texas and the national median. For comparison, the 77876 zip code has the highest median property tax rate of 0.72%, while the same 77876 zip code also has the lowest median tax rate of 0.72%. Understanding how these cities compare with Shiro provides valuable insights into the varying tax landscape across Walker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shiro Tax Rate
0.72%
Average Walker County Tax Rate
1.45%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shiro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77876 | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Shiro, Texas
In Shiro, 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 Walker 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. Assessment notices in Shiro 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 Shiro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Shiro, the median home price is $185,870, with the highest and lowest median tax bills both recorded at $1,345 in the zip code 77876.
Average Shiro Assessed Value
$185,870
Average Walker County Assessed Value
$180,510
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shiro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77876 | $185,870 | $185,870 | $185,870 | $185,870 | $185,870 |
Source: Ownwell
Property Tax Bills Across Shiro, Texas
In Shiro, located in Walker County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Shiro is $185,870, and the property tax rate is applied to this assessed value to determine the annual tax bill. For example, homeowners in Shiro can expect a median tax bill of approximately $1,345. This figure remains consistent across different percentiles, indicating a stable tax environment within the city. Factors influencing the tax bill include the assessed value of the property, which is determined by local assessors, and the local tax rate set by the county. Homeowners should be aware that these factors can fluctuate, potentially impacting their annual tax obligations. Compared to the national median property tax rate of 0.99%, Shiro's tax rate offers a predictable and manageable expense for homeowners. Understanding these elements can help residents anticipate their financial responsibilities and budget accordingly.
Average Shiro Tax Bill
$1,345
Average Walker County Tax Bill
$2,299
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Shiro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77876 | $1,345 | $1,345 | $1,345 | $1,345 | $1,345 |
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 | |
|---|---|
| Walker Appraisal District | |
| Website | esearch.walkercad.org |