Enochs, Texas Property Taxes
The median property tax rate in Enochs, TX is 0.86%, considerably lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Enochs, the typical annual property tax bill reaches $180, significantly below the national median of $2,690. Property taxes in Enochs 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 Enochs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Enochs 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
Enochs, 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 Enochs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Enochs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Enochs 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 Enochs, Texas
Property taxes in Enochs, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Enochs is 1.25%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Enochs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Enochs 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 Enochs' effective property tax rate to other counties in Texas and the national median. For comparison, the 79324 zip code has the highest median property tax rate of 1.25%, while the 79324 zip code has the lowest median tax rate of 1.25%. Understanding how these cities compare with Enochs provides valuable insights into the varying tax landscape across Lamb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Enochs Tax Rate
0.86%
Average Lamb County Tax Rate
2.05%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Enochs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79324 | 0.74% | 0.78% | 0.86% | 1.26% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Enochs, Texas
In Enochs, 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 Lamb 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 Enochs, 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. The median home price in Enochs is $25,230, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $131, while the 75th percentile tax bill reaches $996, and the 90th percentile goes up to $1,485. The zip code 79324 has the highest and lowest median tax bill, both at $180. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Enochs Assessed Value
$25,230
Average Lamb County Assessed Value
$37,240
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Enochs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79324 | $8,966 | $15,065 | $25,230 | $118,445 | $174,374 |
Source: Ownwell
Property Tax Bills Across Enochs, Texas
In Enochs, located in Lamb County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The assessed value is then multiplied by the local property tax rate to determine the tax bill. For instance, with a median home price of $25,230, homeowners in Enochs can expect varying tax bills. The 25th percentile tax bill is around $131, while the 75th percentile tax bill can reach up to $996. At the higher end, the 90th percentile tax bill is approximately $1,485. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the property tax rates in Enochs can significantly impact homeowners, particularly those with properties at higher assessed values. Understanding these factors is crucial for homeowners to manage their finances effectively and anticipate their annual property tax obligations.
Average Enochs Tax Bill
$180
Average Lamb County Tax Bill
$638
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Enochs, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79324 | $101 | $131 | $180 | $996 | $1,485 |
Source: Ownwell