Clarendon, Texas Property Taxes
The median property tax rate in Clarendon, TX is 1.14%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Clarendon at $234,040, the typical annual property tax bill amounts to $1,501, which is below the national median of $2,690. Property taxes in Clarendon are based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Clarendon'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 Clarendon 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
Clarendon, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Clarendon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clarendon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarendon to provide an accurate estimate of 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 Clarendon, Texas
Property taxes in Clarendon, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarendon is 1.14%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Clarendon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarendon 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 Clarendon's effective property tax rate to other counties in Texas and the national median. For comparison, the 79226 zip code has both the highest and lowest median property tax rate of 1.14%. Understanding how these cities compare with Clarendon provides valuable insights into the varying tax landscape across Briscoe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarendon Tax Rate
1.14%
Average Briscoe County Tax Rate
1.81%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarendon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79226 | 0.54% | 0.76% | 1.14% | 1.17% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Clarendon, Texas
In Clarendon, 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 Briscoe 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. Assessment notices in Clarendon 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 Clarendon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 79226 has the highest and lowest median tax bill at $1,501.
Average Clarendon Assessed Value
$234,040
Average Briscoe County Assessed Value
$52,300
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clarendon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79226 | $146,776 | $179,500 | $234,040 | $312,835 | $360,112 |
Source: Ownwell
Property Tax Bills Across Clarendon, Texas
In Clarendon, located in Briscoe County, TX, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The median home price in Clarendon is $234,040, and the property tax rate in the region is aligned with the national median rate of 0.99%. This means homeowners can expect to pay around this rate on their property's assessed value. Several factors influence the final tax bill, including the property's assessed value, applicable exemptions, and the local tax rate. For instance, homeowners in the 25th percentile pay approximately $1,493, while those in the 75th percentile face a tax bill of around $2,089. At the 90th percentile, the tax bill can reach up to $2,441. The highest and lowest median tax bills in the region are both at $1,501, indicating a relatively consistent tax burden across different properties. Understanding these factors helps homeowners in Clarendon anticipate their property tax obligations and manage their finances accordingly.
Average Clarendon Tax Bill
$1,501
Average Briscoe County Tax Bill
$831
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarendon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79226 | $1,488 | $1,493 | $1,501 | $2,089 | $2,441 |
Source: Ownwell