Alba, Texas Property Taxes
The median property tax rate in Alba, TX is 0.76%, which is notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Alba, the typical annual property tax bill is approximately $1,005, significantly below the national median of $2,690. Property taxes in Alba are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Alba'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 Alba 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
Alba, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$1,146
$1,060
Ownwell’s Alba Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Alba with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alba to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those 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 Wood County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Alba, Texas
Property taxes in Alba, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alba is 0.76%, lower than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Alba set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alba 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 Alba's effective property tax rate to other counties in Texas and the national median. For comparison, the 75410 zip code has the highest median property tax rate of 0.76%, while the 75410 zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Alba provides valuable insights into the varying tax landscape across Wood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alba Tax Rate
0.76%
Average Wood County Tax Rate
0.67%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alba, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75410 | 0.19% | 0.43% | 0.76% | 1.29% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Alba, Texas
In Alba, 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 Wood 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 Alba, 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 Alba helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Alba are both $1005, found in the 75410 zip code.
Average Alba Assessed Value
$150,765
Average Wood County Assessed Value
$164,060
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alba, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75410 | $12,885 | $48,362 | $150,765 | $317,520 | $494,830 |
Source: Ownwell
Property Tax Bills Across Alba, Texas
In Alba, located in Wood County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of properties in the area. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For homeowners in Alba, the median home price is $150,765. Tax bills can vary significantly, with the 25th percentile tax bill at $272 and the 75th percentile tax bill reaching $2,289. High-value properties can see even steeper taxes, with the 90th percentile tax bill hitting $3,754. The highest median tax bill in the area is $1,005, found in the 75410 zip code. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Alba Tax Bill
$1,005
Average Wood County Tax Bill
$816
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Alba, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75410 | $81 | $272 | $1,005 | $2,289 | $3,754 |
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 | |
|---|---|
| Wood Appraisal District | |
| Website | esearch.woodcad.net |