How to Calculate your Property Taxes

Published by Research Editor on August 17th, 2011 - in Taxes

outline of home and caltulator with text how to calculate your property taxes

1. Find out your tax jurisdictions.

My home, for example, is under the tax jurisdictions of the city, the regional water district, the county, the county’s hospital, the county’s college district, and the school district.Some counties have a handy property data search that lists your property’s tax jurisdictions, tax rates, and exemptions. To find if your county has a property data, search online for “YOUR COUNTY appraisal district property search.” It’s likely to be the second result that appears. Or go straight to the list of Texas Appraisal Districts at Texas CADand choose your county.

2. Find your property market value, exemptions, and tax rates.

These will be online, if available through your appraisal district.

3. Use this chart to calculate your taxes:

City County Water Hospital College School
Market Value
- Exempt value
= Taxable value
x .01
x tax rate/$100 value
= tax amount

Add the final line together to get your total property taxes.

Sample: the WBAP building in Arlington, where Texas Property Tax Loans is located.

City County Hospital College School
Market Value 503,243 503,243 503,243 503,243 503,243
- Exempt value 0 0 0 0 0
= Taxable value 503,243 503,243 503,243 503,243 503,243
x .01 5032.43 5032.43 5032.43 5032.43 5032.43
x tax rate/$100 value .648 .264 .227897 .13767 1.272
= tax amount 3,261.01 1,328.56 1,146.88 694.32 6,401.25

The total property tax for the WBAP building is: $12,832.02 (total of 3,261.01 + 1,328.56 + 1,146.88 + 694.32 + 6,401.25)

If the number for your property is a little overwhelming, consider a property tax loan.

Share this with your friends!

Share to Google Plus
Share to Google Buzz
Share to LiveJournal
Share to MyWorld
Share to Yandex
Tags:

87 Responses

  1. DCelosame says:

    That’s a great way to figure out your taxes

  2. Voncile says:

    This has made my day. I wish all tax posts were this good.

  3. Ethica says:

    THX that’s a great anwser!

  4. azqpsoqbhq says:

    tax guns sink broke homes in this sea of debt. please keep fighting on our side and we shall make it

  5. Roger Craig says:

    Houston Texas residents could really benefit from reading this

  6. cyizlteosp says:

    the devil is in the detail my brother. that makes taxes the spawn of satan i think lol

  7. vykygpghip says:

    i would rather eat a calculator than have to do this on my own

  8. oyewgrdmzg says:

    definitely easier using your calculation method

  9. ztbgcppklg says:

    you should make one we can enter our data into! xD

  10. saidend says:

    and that is how the tax cookie crumbles

  11. feltfeelings says:

    break my paper heart to know this tax hoopla is actually true… and I thought it was a rumor or spread misinformation. thanks for being a beacon of truth

  12. yugelda says:

    Thanks for providing legitimate methods to finding solutions to my tax problems

  13. froug says:

    tedious but effective

  14. blitzen says:

    Thanks… this post answered my question

  15. soxdadgahk says:

    this property calculator works great. can you do it in Spanish as well?

  16. wikiwikiwikiwhat says:

    calculate smalculate =P” where do i get them paid for?

  17. lmaino says:

    Thanks for discussing superb data. Your website is so awesome. I’m impressed by the details that you have on this website. This reveals how properly you understand taxes!

  18. trieger says:

    Truly amazed! Things are really, very clear, open up is a description of the problem. It has the tax info i needed, thanks!

  19. moel says:

    This post may be somewhat of revelation to others but I’ve known this was method of tax calculation for a while.

  20. Johannsen says:

    this really is an excellent site. The web site owner has carried out an excellent career of placing it together, the data right here is actually and helpful when i do analysis. Now im about to bookmark this tax web site in order that I can revisit within the future.

  21. zuqu says:

    Are there people who do this for me? it so tough to do.

Leave a Reply

Your email address will not be published.


*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

© 2011 FYP, LLC.