Whitt, Texas Property Taxes
The median property tax rate in Whitt, TX is 1.32%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $91,600 in Whitt, the typical annual property tax bill is $1,206, surpassing the national median of $2,690. Property taxes in Whitt are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Whitt'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 Whitt 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
Whitt, 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 WHITT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WHITT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WHITT 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 Whitt, Texas
Property taxes in Whitt, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitt is 1.32%, higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Whitt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitt 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 Whitt's effective property tax rate to other counties in Texas and the national median. For comparison, the 76490 zip code has the highest median property tax rate of 1.32%, while the 76490 zip code has the lowest median tax rate of 1.32%. Understanding how these cities compare with Whitt provides valuable insights into the varying tax landscape across Palo Pinto County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitt Tax Rate
1.32%
Average Palo Pinto County Tax Rate
1.57%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76490 | 1.32% | 1.32% | 1.32% | 1.32% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Whitt, Texas
In WHITT, 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 Palo Pinto 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 WHITT, 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. Being aware of these valuation processes in WHITT helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 76490 has the highest and lowest median tax bill, both at $1,206.
Average Whitt Assessed Value
$91,600
Average Palo Pinto County Assessed Value
$144,560
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whitt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76490 | $91,600 | $91,600 | $91,600 | $91,600 | $91,600 |
Source: Ownwell
Property Tax Bills Across Whitt, Texas
Property tax bills in Whitt, located in Palo Pinto County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district and is typically a percentage of the market value of the property. In Whitt, the median home price is $91,600, and the corresponding property tax bill is approximately $1,206. This amount is consistent across various percentiles, indicating a uniform tax rate within the area. Several factors influence the tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions. For homeowners, this means that higher property values result in higher tax bills, which can significantly impact household budgets. Compared to the national median property tax rate of 0.99%, Whitt's property taxes are relatively straightforward, ensuring homeowners can anticipate their annual tax obligations with some predictability. This consistency helps homeowners plan their finances more effectively, but it also underscores the importance of accurate property assessments.
Average Whitt Tax Bill
$1,206
Average Palo Pinto County Tax Bill
$2,369
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitt, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76490 | $1,206 | $1,206 | $1,206 | $1,206 | $1,206 |
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 | |
|---|---|
| Palo Pinto Appraisal District | |
| Website | iswdataclient.azurewebsites.net |