Nada, Texas Property Taxes
The median property tax rate in NADA, TX is 1.02%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in NADA at $162,078, the typical annual property tax bill amounts to $1,863, which is below the national median of $2,690. Property taxes in NADA are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding NADA'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 NADA 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
Nada, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,653
$1,530
Ownwell’s NADA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NADA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NADA 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 Nada, Texas
Property taxes in NADA, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in NADA is 1.02%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within NADA set these rates annually, and they can vary significantly across different neighborhoods. Each year, NADA 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 NADA's effective property tax rate to other counties in Texas and the national median. For comparison, the 77460 zip code has the highest median property tax rate of 1.02%, while the 77460 zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with NADA provides valuable insights into the varying tax landscape across Wharton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nada Tax Rate
1.02%
Average Wharton County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nada, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77460 | 0.94% | 0.98% | 1.02% | 1.12% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Nada, Texas
In NADA, 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 Wharton 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 NADA, 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 NADA is $162,078, with tax bills ranging from $1,307 at the 25th percentile to $3,621 at the 90th percentile. The highest and lowest median tax bills both stand at $1,863 in the 77460 zip code. 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 Nada Assessed Value
$162,078
Average Wharton County Assessed Value
$120,245
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nada, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77460 | $83,153 | $100,702 | $162,078 | $276,053 | $388,279 |
Source: Ownwell
Property Tax Bills Across Nada, Texas
In NADA, Wharton County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. Various factors influence the tax bill, including property size, location, and improvements. Homeowners in NADA face a median home price of $162,078. The property tax rate in this area significantly impacts the annual tax bill. For instance, homeowners in the 25th percentile pay around $1,307, while those in the 75th percentile face a tax bill of approximately $2,722. At the higher end, the 90th percentile tax bill reaches $3,621. These tax bills can influence homeowners' financial planning, potentially affecting decisions on property improvements or even relocation. Compared to the national median property tax rate of 0.99%, understanding these local nuances is crucial for homeowners in NADA to manage their expenses effectively.
Average Nada Tax Bill
$1,863
Average Wharton County Tax Bill
$1,730
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Nada, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77460 | $955 | $1,307 | $1,863 | $2,722 | $3,621 |
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 | |
|---|---|
| Wharton Appraisal District | |
| Website | esearch.whartoncad.net |