Nixon, Texas Property Taxes
The median property tax rate in Nixon, TX is 1.53%, significantly higher than the national median of 0.99% but below the Texas state median of 1.67%. With the median home value in Nixon at $75,190, the typical annual property tax bill reaches $1,026, which is lower than the national median of $2,690. Property taxes in Nixon are calculated based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural use. Understanding Nixon'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 Nixon or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nixon, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$1,150
$1,064
Ownwell’s Nixon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nixon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nixon 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 Nixon, Texas
Property taxes in Nixon, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nixon is 1.53%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Nixon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nixon 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 Nixon's effective property tax rate to other counties in Texas and the national median. For comparison, the 78140 zip code has the highest median property tax rate of 1.53%, while the 78140 zip code also has the lowest median tax rate of 1.53%. Understanding how these cities compare with Nixon provides valuable insights into the varying tax landscape across Wilson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nixon Tax Rate
1.53%
Average Wilson County Tax Rate
1.61%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nixon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78140 | 0.54% | 1.13% | 1.53% | 1.66% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Nixon, Texas
In Nixon, 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 Wilson 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 Nixon, 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. Being aware of these valuation processes in Nixon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in Nixon is $75,190, with tax bills ranging from $476 at the 25th percentile to $2,849 at the 90th percentile. The zip code with the highest and lowest median tax bill is 78140, both at $1,026.
Average Nixon Assessed Value
$75,190
Average Wilson County Assessed Value
$215,505
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nixon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78140 | $10,184 | $33,970 | $75,190 | $131,510 | $211,100 |
Source: Ownwell
Property Tax Bills Across Nixon, Texas
In Nixon, located in Wilson County, TX, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county appraisal district and typically reflects the market value of the home. Homeowners in Nixon can expect their tax bills to vary significantly depending on the value of their property. For instance, the median home price in Nixon is $75,190. Several factors influence the final tax bill, including the property's location, improvements made, and exemptions for which the homeowner may qualify. The tax bill can range from the 25th percentile at $476 to the 90th percentile at $2,849, highlighting the variability based on these factors. Compared to the national median property tax rate of 0.99%, Nixon's property tax rates are quite competitive, making it a relatively affordable place for homeowners. Understanding these elements helps homeowners anticipate their financial obligations and plan accordingly.
Average Nixon Tax Bill
$1,026
Average Wilson County Tax Bill
$3,078
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Nixon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78140 | $64 | $476 | $1,026 | $1,487 | $2,849 |
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 | |
|---|---|
| Wilson Appraisal District | |
| Website | propaccess.trueautomation.com |