Childress, Texas Property Taxes
The median property tax rate in Childress, TX is 1.29%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Childress at $285,125, the typical annual property tax bill reaches $2,707, slightly below the national median of $2,690. Property taxes in Childress 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 Childress'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 Childress 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
Childress, 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 Childress Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Childress. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Childress to provide an accurate estimate of your property tax bill. This tool is essential for understanding your potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value, determined by the county, is crucial for property tax calculations and may include applicable exemptions.
Property Tax Rates Across Childress, Texas
Property taxes in Childress, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Childress is 1.29%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Childress set these rates annually, and they can vary significantly across different neighborhoods. Each year, Childress 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 Childress's effective property tax rate to other counties in Texas and the national median. For comparison, the 79201 zip code has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Childress provides valuable insights into the varying tax landscape across Hall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Childress Tax Rate
1.29%
Average Hall County Tax Rate
2.18%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Childress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79201 | 0.90% | 1.05% | 1.29% | 1.54% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Childress, Texas
In Childress, 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 Childress 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 Childress, 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 Childress helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Childress, both at $2707, are found in the 79201 zip code.
Average Childress Assessed Value
$285,125
Average Hall County Assessed Value
$39,840
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Childress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79201 | $125,769 | $185,528 | $285,125 | $384,722 | $444,481 |
Source: Ownwell
Property Tax Bills Across Childress, Texas
In Childress, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Childress can expect their property tax bill to vary significantly based on their home's value and specific location within the county. For instance, the median home price in Childress is $285,125, and property tax bills can range widely. At the 25th percentile, homeowners might pay around $2,122, while at the 75th percentile, the tax bill could reach $3,292. For those at the 90th percentile, the tax bill can be as high as $3,643. These property tax bills have a direct impact on homeowners, influencing both monthly mortgage payments and overall housing affordability. Compared to the national median property tax rate of 0.99%, Childress homeowners experience a diverse range of tax burdens, which can affect their financial planning and long-term investment in their homes.
Average Childress Tax Bill
$2,707
Average Hall County Tax Bill
$854
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Childress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79201 | $1,771 | $2,122 | $2,707 | $3,292 | $3,643 |
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 | |
|---|---|
| Hall Appraisal District | |
| Website | www.hallcad.org |