Ozona, Texas Property Taxes
The median property tax rate in Ozona, TX is 1.85%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Ozona, the typical annual property tax bill reaches $505, which is significantly lower than the national median of $2,690. Property taxes in Ozona are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ozona'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 Ozona 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
Ozona, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.85%
Estimate Property Tax Bill
$510
$472
Ownwell’s Ozona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ozona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ozona 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 Ozona, Texas
Property taxes in Ozona, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ozona is 1.85%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Ozona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ozona 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 Ozona's effective property tax rate to other counties in Texas and the national median. For comparison, the 76943 zip code has the highest median property tax rate of 1.85%, while the same zip code also has the lowest median tax rate of 1.85%. Understanding how these cities compare with Ozona provides valuable insights into the varying tax landscape across Crockett County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ozona Tax Rate
1.85%
Average Crockett County Tax Rate
1.85%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ozona, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76943 | 1.85% | 1.85% | 1.85% | 1.85% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Ozona, Texas
In Ozona, 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 Crockett 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 Ozona, 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. For example, the median home price in Ozona is $27,570, with the 25th percentile tax bill at $283 and the 75th percentile at $883. The highest median tax bill in the area is $505 in the 76943 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ozona Assessed Value
$27,570
Average Crockett County Assessed Value
$27,570
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ozona, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76943 | $8,165 | $15,930 | $27,570 | $48,482 | $80,035 |
Source: Ownwell
Property Tax Bills Across Ozona, Texas
Property tax bills in Ozona, located in Crockett County, TX, are calculated based on the assessed value of the property and the local tax rate. The local tax rate is applied to the assessed value, which is typically a percentage of the market value of the home. For example, with a median home price of $27,570, homeowners can expect a range of tax bills depending on their property's assessed value and specific circumstances. The tax bill for the 25th percentile is $283, while the 75th percentile sees a tax bill of $883. For those at the 90th percentile, the tax bill can reach up to $1,459. These figures illustrate the variance in property tax obligations within the area, which can significantly impact homeowners. Compared to the national median property tax rate of 0.99%, the tax rates in Ozona reflect the local economic conditions and property values. Understanding these factors helps homeowners anticipate their annual tax responsibilities and plan their finances accordingly.
Average Ozona Tax Bill
$505
Average Crockett County Tax Bill
$505
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ozona, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76943 | $133 | $283 | $505 | $883 | $1,459 |
Source: Ownwell