Clarendon, Texas Property Taxes
The median property tax rate in Clarendon, TX is 2.56%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Clarendon at $49,705, the typical annual property tax bill reaches $1,229, exceeding the national median of $2,690. Property taxes in Clarendon 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 Clarendon'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 Clarendon 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
Clarendon, 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 Clarendon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarendon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarendon 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 Clarendon, Texas
Property taxes in Clarendon, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarendon is 2.56%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Clarendon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarendon 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 Clarendon's effective property tax rate to other counties in Texas and the national median. For comparison, the 79226 zip code has both the highest and lowest median property tax rate of 2.56%. Understanding how these cities compare with Clarendon 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 Clarendon Tax Rate
2.56%
Average Hall County Tax Rate
2.18%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarendon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79226 | 1.75% | 2.06% | 2.56% | 3.07% | 3.38% |
Source: Ownwell
Property Tax Assessment Values Across Clarendon, Texas
In Clarendon, 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 Hall 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 Clarendon, 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 example, the median home price in Clarendon is $49,705, and the tax bills range from $1,034 at the 25th percentile to $1,541 at the 90th percentile. In the 79226 zip code, the median tax bill is $1,229. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Clarendon Assessed Value
$49,705
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 Clarendon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79226 | $46,125 | $47,468 | $49,705 | $51,942 | $53,285 |
Source: Ownwell
Property Tax Bills Across Clarendon, Texas
In Clarendon, located in Hall County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Clarendon experience a range of property tax bills, with the 25th percentile at $1,034 and the 75th percentile at $1,424. The highest median tax bill in the area is $1,229, which is consistent across the zip code 79226. Several factors influence the property tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions. These factors combine to determine the final amount a homeowner must pay. With the national median property tax rate at 0.99%, Clarendon homeowners' tax bills are relatively higher, impacting their annual financial planning. Understanding these components helps homeowners anticipate their property tax obligations and manage their finances more effectively.
Average Clarendon Tax Bill
$1,229
Average Hall County Tax Bill
$854
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarendon, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79226 | $917 | $1,034 | $1,229 | $1,424 | $1,541 |
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 |