Thrall, Texas Property Taxes
The median property tax rate in Thrall, TX is 1.55%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $238,766 in Thrall, the typical annual property tax bill amounts to $3,220, surpassing the national median of $2,690. Property taxes in Thrall 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 Thrall'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 Thrall 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
Thrall, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$3,701
$3,434
$1,148
Average Tax Savings
Ownwell’s Thrall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Thrall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Thrall to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Thrall. 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 Thrall, Texas
Property taxes in Thrall, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Thrall is 1.55%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Thrall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Thrall 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 Thrall's effective property tax rate to other counties in Texas and the national median. For comparison, the 76578 zip code has the highest median property tax rate of 1.55%, while the 76578 zip code has the lowest median tax rate of 1.55%. Understanding how these cities compare with Thrall provides valuable insights into the varying tax landscape across Williamson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Thrall Tax Rate
1.55%
Average Williamson County Tax Rate
1.78%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Thrall, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76578 | 0.51% | 1.09% | 1.55% | 1.85% | 2.20% |
Source: Ownwell
$1,148
Average Thrall Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Thrall, Texas
In Thrall, 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 Williamson 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 Thrall, 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 example, the highest median tax bill in the area is $3,220 in the 76578 zip code, while the lowest median tax bill is also $3,220 in the same zip code. Being aware of these valuation processes in Thrall helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Thrall Assessed Value
$238,766
Average Williamson County Assessed Value
$413,321
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Thrall, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76578 | $62,333 | $132,680 | $238,766 | $351,545 | $654,967 |
Source: Ownwell
$1,148
Average Thrall Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Thrall, Texas
In Thrall, Williamson County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal district. The assessed value is multiplied by the property tax rate to determine the annual tax bill. For instance, with a median home price of $238,766, homeowners can expect varying tax bills. The 25th percentile tax bill is around $1,553, while the 75th percentile reaches up to $4,999, and the 90th percentile can be as high as $6,818. These figures highlight the significant impact property taxes can have on homeowners in the area, especially when compared to the national median property tax rate of 0.99%. Ownwell assists homeowners in Thrall by offering property tax appeal and exemption services. By reviewing your property's assessed value and identifying potential errors or over-assessments, Ownwell can help reduce your property tax bill, ensuring you only pay what is fair. This can lead to substantial savings and financial relief for homeowners.
Average Thrall Tax Bill
$3,220
Average Williamson County Tax Bill
$7,929
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Thrall, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76578 | $691 | $1,553 | $3,220 | $4,999 | $6,818 |
Source: Ownwell
$1,148
Average Thrall Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Williamson Appraisal District | |
| Phone | (512) 930-3787 |
| Website | search.wcad.org |
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