Justin, Texas Property Taxes
The median property tax rate in Justin, TX is 1.21%, 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 $152,662, the typical annual property tax bill in Justin amounts to $1,878, which is below the national median of $2,690. Property taxes in Justin are calculated based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding Justin'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 Justin 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
Justin, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$1,847
$1,709
Ownwell’s Justin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Justin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Justin 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 Justin, Texas
Property taxes in Justin, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Justin is 1.21%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Justin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Justin 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 Justin's effective property tax rate to other counties in Texas and the national median. For comparison, the 76247 zip code has both the highest and lowest median property tax rate of 1.21%. Understanding how these cities compare with Justin provides valuable insights into the varying tax landscape across Wise County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Justin Tax Rate
1.21%
Average Wise County Tax Rate
1.21%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Justin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76247 | 0.78% | 0.98% | 1.21% | 1.24% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Justin, Texas
In Justin, 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 Wise 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 Justin, 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 Justin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Justin, the median home price is $152,662, with the highest and lowest median tax bills both being $1,878 in the 76247 zip code.
Average Justin Assessed Value
$152,662
Average Wise County Assessed Value
$280,537
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Justin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76247 | $36,276 | $75,233 | $152,662 | $344,823 | $496,892 |
Source: Ownwell
Property Tax Bills Across Justin, Texas
In Justin, Wise County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Justin see a range of tax bills depending on their property's assessed value. For example, a 25th percentile tax bill is around $982, while a 75th percentile tax bill can reach up to $3,857. The highest median tax bill recorded in the area is $1,878. Several factors influence the property tax bill, including the property's location, market conditions, and any applicable exemptions. These taxes fund essential local services such as schools, infrastructure, and emergency services. For homeowners, this means that a higher assessed value can lead to a significant tax bill, impacting their overall housing costs. Comparatively, the national median property tax rate is 0.99%, making it crucial for Justin homeowners to understand their local tax obligations and how they can influence their financial planning.
Average Justin Tax Bill
$1,878
Average Wise County Tax Bill
$3,273
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Justin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76247 | $390 | $982 | $1,878 | $3,857 | $5,665 |
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 | |
|---|---|
| Wise Appraisal District | |
| Website | esearch.wise-cad.com |