Pattonville, Texas Property Taxes
The median property tax rate in Pattonville, TX is 0.70%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Pattonville at $126,405, the typical annual property tax bill amounts to $802, well below the national median of $2,690. Property taxes in Pattonville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pattonville'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 Pattonville 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
Pattonville, 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 Pattonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pattonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pattonville 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 Pattonville, Texas
Property taxes in Pattonville, Texas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Pattonville is 0.70%, which is lower than the Texas state median of 1.80% but still below the U.S. national median of 0.99%. Local government entities within Pattonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pattonville 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 Pattonville's effective property tax rate to other counties in Texas and the national median. For comparison, the 75468 zip code has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Pattonville provides valuable insights into the varying tax landscape across Lamar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pattonville Tax Rate
0.70%
Average Lamar County Tax Rate
1.12%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pattonville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75468 | 0.20% | 0.39% | 0.70% | 1.08% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Pattonville, Texas
In Pattonville, 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 Lamar 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. 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 highest median tax bill in Pattonville is $802, found in the 75468 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pattonville Assessed Value
$126,405
Average Lamar County Assessed Value
$126,530
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pattonville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75468 | $16,605 | $62,582 | $126,405 | $200,460 | $265,789 |
Source: Ownwell
Property Tax Bills Across Pattonville, Texas
In Pattonville, located in Lamar County, 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 appraisal district and reflects the property's market value. Homeowners in Pattonville face a median property tax rate that aligns with local regulations and can vary depending on the specific area within the city. Several factors influence the final tax bill, including the home's assessed value and any applicable exemptions. For instance, the median home price in Pattonville is $126,405. Property tax bills can vary widely, with the 25th percentile tax bill at $281 and the 75th percentile reaching $1,304. The 90th percentile tax bill can be as high as $1,850, indicating significant variability based on property value and exemptions. These tax bills impact homeowners by contributing to local services and infrastructure. Understanding how these factors interplay helps residents anticipate their financial obligations and plan accordingly.
Average Pattonville Tax Bill
$802
Average Lamar County Tax Bill
$1,230
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Pattonville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75468 | $117 | $281 | $802 | $1,304 | $1,850 |
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 | |
|---|---|
| Lamar Appraisal District | |
| Website | esearch.lamarcad.org |