Stephenville, Texas Property Taxes
The median property tax rate in Stephenville, TX is 1.47%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Stephenville at $222,400, the typical annual property tax bill reaches $3,335, exceeding the national median of $2,690. Property taxes in Stephenville 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 Stephenville'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 Stephenville 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
Stephenville, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$3,269
$3,025
Ownwell’s Stephenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stephenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stephenville 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 Stephenville, Texas
Property taxes in Stephenville, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stephenville is 1.47%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Stephenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stephenville 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 Stephenville's effective property tax rate to other counties in Texas and the national median. For comparison, the 76401 zip code has the highest median property tax rate of 1.47%, while the 76401 zip code also has the lowest median tax rate of 1.47%. Understanding how these cities compare with Stephenville provides valuable insights into the varying tax landscape across Erath County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stephenville Tax Rate
1.47%
Average Erath County Tax Rate
1.38%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stephenville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76401 | 1.05% | 1.24% | 1.47% | 1.77% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Stephenville, Texas
In Stephenville, 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 Erath 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 Stephenville, 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 instance, the median home price in Stephenville is $222,400, with tax bills ranging from $1,757 at the 25th percentile to $7,001 at the 90th percentile. 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 Stephenville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stephenville Assessed Value
$222,400
Average Erath County Assessed Value
$216,370
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stephenville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76401 | $45,918 | $125,995 | $222,400 | $354,535 | $578,256 |
Source: Ownwell
Property Tax Bills Across Stephenville, Texas
In Stephenville, Erath County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $222,400, homeowners in Stephenville can expect varying tax bills depending on their property's assessed value and applicable exemptions. Several factors influence the tax bill, including property size, location, and improvements or renovations. The tax bill can range significantly, with the 25th percentile at $1,757 and the 75th percentile reaching $4,877. The highest median tax bill in the area is $3,335, found in the 76401 zip code. These figures illustrate how property taxes can impact homeowners differently, sometimes exceeding the national median property tax rate of 0.99%. Understanding these variables helps homeowners anticipate their financial obligations and better manage their property investments in Stephenville.
Average Stephenville Tax Bill
$3,335
Average Erath County Tax Bill
$3,131
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Stephenville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76401 | $642 | $1,757 | $3,335 | $4,877 | $7,001 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Erath Appraisal District | |
| Website | esearch.erath-cad.com |