Chappell Hill, Texas Property Taxes
The median property tax rate in Chappell Hill, TX is 1.04%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $387,420 in Chappell Hill, the typical annual property tax bill reaches $2,649, which is just below the national median of $2,690. Property taxes in Chappell Hill are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Chappell Hill's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're residing in Chappell Hill or investing in the area, gaining insight into the local property tax system is crucial for maximizing your financial benefits.
Last Updated June 14, 2024
Chappell Hill, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$4,029
$3,739
Ownwell’s Chappell Hill Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Chappell Hill. By simply entering your property's estimated assessed value, the calculator uses the median tax rate specific to Chappell Hill to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more granular data, localized neighborhood trends are available further down the page. Your property’s assessed value is determined by Washington County for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Chappell Hill, Texas
Property taxes in Chappell Hill, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chappell Hill is 1.04%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Chappell Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chappell Hill 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 Chappell Hill's effective property tax rate to other counties in Texas and the national median. For comparison, the 77426 zip code has the highest median property tax rate of 1.04%, while the 77426 zip code has the lowest median tax rate of 1.04%. Understanding how these cities compare with Chappell Hill provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chappell Hill Tax Rate
1.04%
Average Washington County Tax Rate
1.19%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chappell Hill, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77426 | 0.24% | 0.59% | 1.04% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Chappell Hill, Texas
In Chappell Hill, 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 Washington 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 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. For instance, homeowners in the 77426 zip code face a median tax bill of $2,649. Being aware of these valuation processes in Chappell Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Chappell Hill Assessed Value
$387,420
Average Washington County Assessed Value
$266,905
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chappell Hill, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77426 | $43,867 | $145,058 | $387,420 | $729,400 | $1,326,026 |
Source: Ownwell
Property Tax Bills Across Chappell Hill, Texas
In Chappell Hill, located in Washington County, TX, property tax bills are calculated based on the property's assessed value and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners in Chappell Hill can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,103, while the 75th percentile reaches $5,045. The 90th percentile tax bill can soar to approximately $7,723. Several factors influence these variations, including property size, location, and any applicable exemptions. The median home price in Chappell Hill is $387,420, which is a critical factor in determining the overall tax burden. Compared to the national median property tax rate of 0.99%, Chappell Hill's rates can result in higher or lower tax bills depending on individual property assessments. Homeowners need to understand these components to budget effectively and consider potential appeals if they believe their property is over-assessed.
Average Chappell Hill Tax Bill
$2,649
Average Washington County Tax Bill
$2,988
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Chappell Hill, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77426 | $336 | $1,103 | $2,649 | $5,045 | $7,723 |
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 | |
|---|---|
| Washington Appraisal District | |
| Website | washingtoncad.org |