Welch, Texas Property Taxes
The median property tax rate in Welch, TX is 2.01%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $45,090 in Welch, the typical annual property tax bill amounts to $750, which is lower than the national median of $2,690. Property taxes in Welch are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Welch's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Welch or another part of Dawson County, a deep understanding of the local property tax system will be beneficial.
Last Updated June 14, 2024
Welch, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.01%
Estimate Property Tax Bill
$906
$839
Ownwell’s Welch Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Welch with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Welch 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 Welch, Texas
Property taxes in Welch, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Welch is 2.01%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Welch set these rates annually, and they can vary significantly across different neighborhoods. Each year, Welch 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 Welch's effective property tax rate to other counties in Texas and the national median. For comparison, the 79377 zip code has the highest median property tax rate of 2.01%, while the same zip code also has the lowest median tax rate of 2.01%. Understanding how these cities compare with Welch provides valuable insights into the varying tax landscape across Dawson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Welch Tax Rate
2.01%
Average Dawson County Tax Rate
3.05%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Welch, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79377 | 1.61% | 1.64% | 2.01% | 2.02% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Welch, Texas
In Welch, 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 Dawson 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 Welch, 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 Welch helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 79377 has the highest and lowest median tax bill at $750, reflecting the diverse tax landscape in the area.
Average Welch Assessed Value
$45,090
Average Dawson County Assessed Value
$47,460
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Welch, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79377 | $2,165 | $15,185 | $45,090 | $78,420 | $148,764 |
Source: Ownwell
Property Tax Bills Across Welch, Texas
Property tax bills in Welch, located in Dawson County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. In Welch, homeowners typically see a range in their property tax bills, with the 25th percentile at $299 and the 75th percentile reaching $1,580. For those in the 90th percentile, tax bills can go up to $2,681. The median home price in Welch is $45,090, which is relatively low compared to other regions. Despite this, the property tax rate can still lead to significant tax bills, especially when compared to the national median property tax rate of 0.99%. Homeowners in Welch need to consider these taxes as part of their overall housing costs, as higher assessed values or rates can substantially impact annual expenses. Understanding these factors can help homeowners better manage their finances and anticipate changes in their property tax obligations.
Average Welch Tax Bill
$750
Average Dawson County Tax Bill
$1,299
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Welch, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79377 | $44 | $299 | $750 | $1,580 | $2,681 |
Source: Ownwell