Deaf Smith County Property Taxes
The median property tax rate in Deaf Smith County is 1.87%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Deaf Smith County, the typical annual property tax bill reaches $2,120, which is below the national median of $2,690. Property taxes in Deaf Smith County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Deaf Smith County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Hereford or another part of Deaf Smith County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Deaf Smith County 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 Deaf Smith Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Deaf Smith with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Deaf Smith to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Deaf Smith County, Texas
Property taxes in Deaf Smith County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Deaf Smith County is 1.87%, which is higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Deaf Smith County set these rates annually, and they can vary significantly between different areas within the county. Each year, Deaf Smith County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Hereford has one of the higher property tax rates in Texas at 1.88%, while the city of Adrian boasts one of the lowest at 1.13%. Analyzing how Deaf Smith County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Deaf Smith County Tax Rate
1.87%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deaf Smith County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adrian | 0.36% | 0.56% | 1.13% | 1.48% | 1.60% |
| Canyon | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% |
| Dawn | 1.59% | 1.62% | 1.69% | 1.74% | 1.74% |
| Dimmitt | 1.70% | 1.70% | 1.70% | 1.70% | 1.70% |
| Friona | 0.37% | 1.03% | 1.45% | 1.54% | 1.62% |
| Hereford | 1.39% | 1.67% | 1.88% | 2.01% | 2.01% |
| Vega | 1.11% | 1.60% | 1.75% | 2.01% | 2.08% |
| Wildorado | 0.48% | 0.90% | 1.32% | 1.81% | 2.20% |
Source: Ownwell
Property Tax Assessment Values Across Deaf Smith County, Texas
In Deaf Smith County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Deaf Smith County Appraisal District. The assessed value, however, 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 Deaf Smith County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Wildorado has the highest median tax bill at $5,012, whereas Hereford has the lowest at $2,104. Being aware of these valuation processes in Deaf Smith County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Deaf Smith County, Texas
Source: Ownwell
$119,740
$337,500
$555,260
Average Deaf Smith County Assessed Value
$121,050
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Deaf Smith County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adrian | $216,545 | $262,548 | $555,260 | $1,196,970 | $1,608,135 |
| Canyon | $253,680 | $253,680 | $253,680 | $253,680 | $253,680 |
| Dawn | $98,787 | $110,325 | $153,960 | $252,872 | $297,862 |
| Dimmitt | $146,050 | $146,050 | $146,050 | $146,050 | $146,050 |
| Friona | $139,120 | $217,410 | $280,470 | $332,472 | $412,785 |
| Hereford | $29,478 | $62,832 | $119,740 | $188,838 | $261,353 |
| Vega | $117,815 | $152,412 | $231,610 | $486,090 | $729,292 |
| Wildorado | $160,134 | $263,280 | $375,260 | $614,550 | $1,444,718 |
Source: Ownwell
Property Tax Bills Across Deaf Smith County, Texas
In Deaf Smith County, TX, property tax bills are calculated based on the assessed value of the property and the applicable tax rate. The assessed value is determined by the county's appraisal district, which evaluates the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Deaf Smith County, the median home price is $121,050. Tax bills can vary significantly, with the 25th percentile at $1,120 and the 75th percentile at $3,444. Those in the 90th percentile can expect to pay around $4,731. These figures highlight the range of property tax burdens within the county, influenced by property values and specific tax rates. Comparatively, the national median property tax rate is 0.99%, making it important for homeowners to understand how local rates and property values can impact their annual tax obligations. For instance, Wildorado has the highest median tax bill at $5,012, while Hereford has the lowest at $2,104, reflecting the diversity within the region.
Average Deaf Smith County Tax Bill
$2,120
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Deaf Smith County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adrian | $2,952 | $3,413 | $4,220 | $6,304 | $7,945 |
| Canyon | $4,410 | $4,410 | $4,410 | $4,410 | $4,410 |
| Dawn | $1,690 | $1,918 | $2,608 | $4,080 | $4,813 |
| Dimmitt | $2,478 | $2,478 | $2,478 | $2,478 | $2,478 |
| Friona | $858 | $1,318 | $3,153 | $4,161 | $6,321 |
| Hereford | $527 | $1,104 | $2,104 | $3,408 | $4,665 |
| Vega | $1,956 | $2,468 | $4,412 | $5,807 | $7,983 |
| Wildorado | $1,583 | $3,770 | $5,012 | $7,286 | $10,714 |
Source: Ownwell