Stanton, Texas Property Taxes
The median property tax rate in Stanton, TX is 0.22%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $58,940 in Stanton, the typical annual property tax bill is $141, which is well below the national median of $2,690. Property taxes in Stanton 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 Stanton'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 Stanton 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
Stanton, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.22%
Estimate Property Tax Bill
$130
$120
Ownwell’s STANTON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in STANTON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in STANTON 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 Stanton, Texas
Property taxes in Stanton, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanton is 0.22%, significantly lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Stanton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stanton 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 Stanton's effective property tax rate to other counties in Texas and the national median. For comparison, the highest median property tax rate in Texas is found in 77494 with a rate of 3.47%, while the lowest median tax rate is in 79701 with a rate of 0.18%. Understanding how these cities compare with Stanton provides valuable insights into the varying tax landscape across Martin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanton Tax Rate
0.22%
Average Martin County Tax Rate
0.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stanton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79782 | 0.21% | 0.22% | 0.22% | 0.27% | 0.28% |
Source: Ownwell
Property Tax Assessment Values Across Stanton, Texas
In Stanton, 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 Martin 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 Stanton, 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 highest median tax bill in Stanton is $141 in the 79782 zip code, which is notably lower compared to the national median property tax rate of 0.99%. Being aware of these valuation processes in Stanton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stanton Assessed Value
$58,940
Average Martin County Assessed Value
$66,090
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stanton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79782 | $14,460 | $30,328 | $58,940 | $119,762 | $201,800 |
Source: Ownwell
Property Tax Bills Across Stanton, Texas
In Stanton, located in Martin County, TX, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the local appraisal district and reflects the market value of the property. Homeowners in Stanton can expect a median home price of $58,940, which influences their tax bill. The property tax rate is applied to the assessed value to determine the amount owed. Factors such as the property's location, size, and condition are considered during the assessment process. For Stanton residents, the 25th percentile tax bill is $74, while the 75th percentile tax bill is $270. At the 90th percentile, the tax bill reaches $446. These tax bills can significantly impact homeowners, affecting their monthly budgets and overall financial planning. Despite the variability, Stanton's median tax bill of $141 falls well below the national median property tax rate of 0.99%, making it relatively affordable compared to other regions.
Average Stanton Tax Bill
$141
Average Martin County Tax Bill
$154
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79782 | $36 | $74 | $141 | $270 | $446 |
Source: Ownwell