Channing, Texas Property Taxes
The median property tax rate in Channing, TX, is 1.51%, which is significantly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Channing at $159,805, the typical annual property tax bill is $2,640, just below the national median of $2,690. Property taxes in Channing are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural use. Understanding Channing'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 Channing or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Channing, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$2,413
$2,233
Ownwell’s Channing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Channing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Channing 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 Channing, Texas
Property taxes in Channing, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Channing is 1.51%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Channing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Channing 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 Channing's effective property tax rate to other counties in Texas and the national median. For comparison, the 79018 zip code has the highest median property tax rate of 1.51%, while the same zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Channing provides valuable insights into the varying tax landscape across Moore County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Channing Tax Rate
1.51%
Average Moore County Tax Rate
1.99%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Channing, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79018 | 0.82% | 1.04% | 1.51% | 1.68% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Channing, Texas
In Channing, 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 Moore 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 Channing, 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 median home price in Channing is $159,805, with tax bills ranging from $1,565 at the 25th percentile to $4,677 at the 90th percentile. The highest and lowest median tax bills are both found in the 79018 zip code, each at $2,640. By understanding 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 in Channing helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Channing Assessed Value
$159,805
Average Moore County Assessed Value
$109,905
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Channing, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79018 | $85,425 | $133,652 | $159,805 | $285,042 | $434,250 |
Source: Ownwell
Property Tax Bills Across Channing, Texas
In Channing, Moore 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, which evaluates the property's market value. Homeowners in Channing can expect their tax bill to be influenced by several factors, including property size, location, and any improvements made to the property. For example, the median home price in Channing is $159,805. With a property tax rate of 0.99%, which is the national median, homeowners would typically pay around $1,580 annually. However, actual tax bills can vary significantly. The 25th percentile tax bill is $1,565, while the 75th percentile reaches $3,312, and the 90th percentile can go up to $4,677. This range illustrates how different factors can influence the final amount. High property taxes can impact homeowners by increasing the overall cost of owning a home, potentially affecting affordability and financial planning. Understanding these factors helps homeowners in Channing better prepare for their annual property tax obligations.
Average Channing Tax Bill
$2,640
Average Moore County Tax Bill
$1,748
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Channing, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79018 | $1,405 | $1,565 | $2,640 | $3,312 | $4,677 |
Source: Ownwell