Jayton, Texas Property Taxes
The median property tax rate in Jayton, TX is 2.52%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $32,210 in Jayton, the typical annual property tax bill amounts to $742, which is below the national median of $2,690. Property taxes in Jayton are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Jayton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Jayton or another part of Kent County, comprehending the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Jayton, 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 Jayton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jayton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jayton 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 Jayton, Texas
Property taxes in Jayton, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jayton is 2.52%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Jayton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jayton 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 Jayton's effective property tax rate to other counties in Texas and the national median. For comparison, the 79528 zip code has the highest median property tax rate of 2.52%, while the 79528 zip code has the lowest median tax rate of 2.52%. Understanding how these cities compare with Jayton provides valuable insights into the varying tax landscape across Kent County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jayton Tax Rate
2.52%
Average Kent County Tax Rate
2.41%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jayton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79528 | 1.62% | 2.45% | 2.52% | 2.52% | 2.52% |
Source: Ownwell
Property Tax Assessment Values Across Jayton, Texas
In Jayton, 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 Kent 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 Jayton, 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. For instance, Jayton's median home price is $32,210, with tax bills ranging from $414 at the 25th percentile to $2,044 at the 90th percentile. The highest and lowest median tax bills are both $742 in the 79528 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jayton Assessed Value
$32,210
Average Kent County Assessed Value
$41,795
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jayton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79528 | $7,990 | $17,180 | $32,210 | $59,950 | $89,906 |
Source: Ownwell
Property Tax Bills Across Jayton, Texas
In Jayton, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. For Jayton homeowners, the median home price is $32,210. The tax bills can vary significantly, with the 25th percentile tax bill at $414 and the 75th percentile reaching $1,364. The 90th percentile tax bill can go as high as $2,044, indicating a wide range of property values and corresponding tax obligations. The highest and lowest median tax bills in the area are both $742, showing some consistency in property tax assessments. Compared to the national median property tax rate of 0.99%, Jayton's tax rates and assessed values can result in relatively moderate tax bills, impacting homeowners' financial planning and property investment decisions.
Average Jayton Tax Bill
$742
Average Kent County Tax Bill
$891
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Jayton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79528 | $198 | $414 | $742 | $1,364 | $2,044 |
Source: Ownwell