Whitt, Texas Property Taxes
The median property tax rate in Whitt, TX is 1.38%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Whitt at $110,900, the typical annual property tax bill reaches $1,120, which is below the national median of $2,690. Property taxes in Whitt 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 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 Parker County, 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
$2,192
$1,148
Average Whitt, Texas Tax Savings
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 not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in WHITT. 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 1.38%, higher than both the Texas state median 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 both the highest and lowest median property tax rate of 1.38%. Understanding how these cities compare with Whitt provides valuable insights into the varying tax landscape across Parker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitt Tax Rate
1.38%
Average Parker County Tax Rate
1.54%
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 | 0.58% | 0.85% | 1.38% | 1.38% | 1.38% |
Source: Ownwell
$1,148
Average Whitt Tax Savings
Save on your property taxes & more with 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 Parker 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. The median home price in WHITT is $110,900, with tax bills varying significantly. The 25th percentile tax bill is $805, while the 75th percentile reaches $1711, and the 90th percentile soars to $2823. Interestingly, the zip code 76490 holds both the highest and lowest median tax bill at $1120. Being aware of these valuation processes in WHITT helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Whitt Assessed Value
$110,900
Average Parker County Assessed Value
$335,640
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 | $35,290 | $75,205 | $110,900 | $175,685 | $220,210 |
Source: Ownwell
$1,148
Average Whitt Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Whitt, Texas
In WHITT, Parker County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. For homeowners in this region, the median home price is $110,900. The tax bill varies significantly, with the 25th percentile at $805 and the 75th percentile at $1,711, while the 90th percentile can reach up to $2,823. These figures are influenced by several factors, including property size, location, and any applicable exemptions. Homeowners in WHITT can benefit from understanding these nuances, as Parker County has one of the highest median tax bills in the area, pegged at $1,120. This is higher than the national median property tax rate of 0.99%. Ownwell can assist homeowners by providing expert property tax appeal and exemption services. By leveraging local market knowledge and legal expertise, Ownwell helps clients potentially lower their assessed property values, ensuring they don't overpay on their tax bills. This can lead to substantial savings, making homeownership more affordable.
Average Whitt Tax Bill
$1,120
Average Parker County Tax Bill
$4,986
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 | $356 | $805 | $1,120 | $1,711 | $2,823 |
Source: Ownwell
$1,148
Average Whitt Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Parker Appraisal District | |
| Website | iswdataclient.azurewebsites.net |
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