Paducah, Texas Property Taxes
The median property tax rate in Paducah, Texas is 1.96%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $51,090 in Paducah, the typical annual property tax bill comes to $481, which is below the national median of $2,690. Property taxes in Paducah are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Paducah'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 Paducah 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
Paducah, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.96%
Estimate Property Tax Bill
$1,001
$927
Ownwell’s Paducah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Paducah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Paducah 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 Paducah, Texas
Property taxes in Paducah, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Paducah is 1.96%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Paducah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Paducah 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 Paducah's effective property tax rate to other counties in Texas and the national median. For comparison, the 79248 zip code has both the highest and lowest median property tax rate of 1.96%. Understanding how these cities compare with Paducah provides valuable insights into the varying tax landscape across King County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Paducah Tax Rate
1.96%
Average King County Tax Rate
1.96%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Paducah, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79248 | 0.41% | 1.59% | 1.96% | 1.96% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Paducah, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Paducah, Texas. The market value represents 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 King 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 Paducah, 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. The median home price in Paducah is $51,090, with tax bills ranging from $375 at the 25th percentile to $1,299 at the 90th percentile. The highest and lowest median tax bills both stand at $481, specifically in the 79248 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 Paducah Assessed Value
$51,090
Average King County Assessed Value
$34,235
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Paducah, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79248 | $12,742 | $21,880 | $51,090 | $69,240 | $194,488 |
Source: Ownwell
Property Tax Bills Across Paducah, Texas
In Paducah, Texas, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate is applied to this assessed value to determine the annual property tax bill. Several factors influence the assessed value, including the home's market value, improvements made, and comparable property values in the area. For homeowners in Paducah, the median home price stands at $51,090. The property tax bill can vary significantly, with the 25th percentile tax bill at $375 and the 75th percentile reaching $1,015. At the 90th percentile, homeowners may see tax bills as high as $1,299. Compared to the national median property tax rate of 0.99%, Paducah's rates provide a relatively manageable tax burden for homeowners. However, these taxes are essential for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community.
Average Paducah Tax Bill
$481
Average King County Tax Bill
$583
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Paducah, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79248 | $241 | $375 | $481 | $1,015 | $1,299 |
Source: Ownwell