Wildorado, Texas Property Taxes
The median property tax rate in Wildorado, TX is 1.32%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Wildorado at $375,260, the typical annual property tax bill reaches $5,012, exceeding the national median of $2,690. Property taxes in Wildorado 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 Wildorado'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 Wildorado or another part of Deaf Smith County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wildorado, 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 Wildorado Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wildorado with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wildorado 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 Wildorado, Texas
Property taxes in Wildorado, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wildorado is 1.32%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Wildorado set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wildorado 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 Wildorado's effective property tax rate to other counties in Texas and the national median. For comparison, the 79098 zip code has the highest median property tax rate of 1.32%, while the same 79098 zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Wildorado provides valuable insights into the varying tax landscape across Deaf Smith County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wildorado Tax Rate
1.32%
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 Wildorado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79098 | 0.48% | 0.90% | 1.32% | 1.81% | 2.20% |
Source: Ownwell
Property Tax Assessment Values Across Wildorado, Texas
In Wildorado, 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 Deaf Smith 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 Wildorado, 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. The median home price in Wildorado is $375,260, with tax bills ranging from $3,770 at the 25th percentile to $10,714 at the 90th percentile. The highest and lowest median tax bills both stand at $5,012, specifically in the 79098 zip code. 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 Wildorado helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wildorado Assessed Value
$375,260
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 Wildorado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79098 | $160,134 | $263,280 | $375,260 | $614,550 | $1,444,718 |
Source: Ownwell
Property Tax Bills Across Wildorado, Texas
In Wildorado, located in Deaf Smith County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is often a percentage of the market value, which is periodically evaluated by the county's appraisal district. Factors such as property size, location, and improvements contribute to the assessed value. For instance, the median home price in Wildorado stands at $375,260. Homeowners in Wildorado can expect property tax bills to vary significantly. The 25th percentile tax bill is around $3,770, while the 75th percentile reaches $7,286. At the 90th percentile, the tax bill can soar to $10,714. These variations highlight how different property values and local tax rates impact individual tax bills. With the national median property tax rate at 0.99%, Wildorado’s tax bills reflect the unique economic and property landscape of the region. This range in tax bills underscores the importance of understanding local property tax assessments and their implications for homeowners.
Average Wildorado Tax Bill
$5,012
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 Wildorado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79098 | $1,583 | $3,770 | $5,012 | $7,286 | $10,714 |
Source: Ownwell