Potter County Property Taxes

The median property tax rate in Potter County is 2.16%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Potter County, the typical annual property tax bill reaches $2,237, which is below the national median of $2,690. Property taxes in Potter County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Potter County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Amarillo or another part of Potter County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.

Last Updated June 14, 2024

Potter County Property Tax Bill Calculator

Property Assessed Value

$100,000

$2,500,000

$5,000,000

Average Tax Rate

1.67%

Estimate Property Tax Bill

$3,340

$2,192

$1,148

Average Potter County Tax Savings

Ownwell’s Potter County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Potter County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Potter County to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also highlights how Ownwell can help lower property taxes in Potter County. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.

Property Tax Rates Across Potter County, Texas

Property taxes in Potter County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Potter County is 2.16%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Potter County set these rates annually, and they can vary significantly between different areas within the county. Each year, Potter County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Amarillo has one of the higher property tax rates in Texas at 2.16%, while the city of Bushland boasts one of the lowest at 0.56%. Analyzing how Potter County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.

Property Tax Rates Across Potter County, Texas

Source: Ownwell

0.21%

1.22%

2.23%

Average Potter County Tax Rate

2.16%

Average Texas Tax Rate

1.67%

Average United States Tax Rate

0.99%

Property Tax Rates Across Potter County, Texas

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Amarillo	1.55%	1.78%	2.16%	2.16%	2.16%
Boys Ranch	0.26%	0.37%	1.08%	1.74%	2.00%
Bushland	0.50%	0.54%	0.56%	1.56%	1.69%
Canyon	N/A	N/A	N/A	N/A	N/A
Masterson	0.52%	0.53%	1.48%	1.75%	1.82%
Panhandle	0.93%	1.19%	1.32%	1.61%	1.61%
Valle De Oro	0.15%	0.17%	0.21%	0.49%	0.95%
Wildorado	0.91%	1.52%	1.58%	1.69%	1.69%

Source: Ownwell

Property Tax Assessment Values Across Potter County, Texas

In Potter County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Potter County Appraisal District. The assessed value, however, 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. Assessment notices in Potter County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. Potter County has a wide range of property tax bills, with the city of Wildorado having the highest median tax bill at $7,565, while Boys Ranch has the lowest at $321. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Potter County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.

Property Tax Assessment Values Across Potter County, Texas

Source: Ownwell

$26,166

$252,626

$479,086

Average Potter County Assessed Value

$109,916

Average Texas Assessed Value

$247,950

Average United States Assessed Value

$244,900

Property Tax Assessment Values Across Potter County, Texas

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Amarillo	$15,000	$56,588	$109,921	$184,558	$304,724
Boys Ranch	$4,548	$9,909	$26,166	$102,161	$159,598
Bushland	$325,474	$368,206	$406,176	$467,941	$544,956
Canyon	N/A	N/A	N/A	N/A	N/A
Masterson	$11,218	$20,532	$124,850	$164,284	$254,192
Panhandle	$3,804	$13,272	$29,877	$125,134	$163,968
Valle De Oro	$26,183	$41,065	$106,588	$285,107	$329,947
Wildorado	$223,008	$330,509	$479,086	$537,001	$540,420

Source: Ownwell

Property Tax Bills Across Potter County, Texas

In Potter County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in the county is $109,916. Property tax rates vary, leading to a wide range of tax bills. For instance, the 25th percentile tax bill is $1,311, while the 75th percentile is $3,640, and the 90th percentile reaches $5,970. These figures highlight the significant impact of property taxes on homeowners' finances. Factors such as property location and market value fluctuations play crucial roles in determining the final tax bill. Homeowners in Potter County can benefit from Ownwell's expertise in property tax appeals and exemptions. By leveraging local market knowledge and tax regulations, Ownwell can help identify potential savings and reduce tax burdens. This service is particularly valuable in areas with higher tax bills, such as Wildorado, where the highest median tax bill is $7,565, compared to the lowest median tax bill of $321 in Boys Ranch.

Property Tax Bills Across Potter County, Texas

Source: Ownwell

$321

$3,943

$7,565

Average Potter County Tax Bill

$2,237

Average Texas Tax Bill

$3,971

Average United States Tax Bill

$2,690

Property Tax Bills Across Potter County, Texas

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Amarillo	$597	$1,315	$2,241	$3,643	$5,962
Boys Ranch	$64	$168	$321	$755	$1,555
Bushland	$1,009	$2,037	$2,551	$6,473	$7,252
Canyon	N/A	N/A	N/A	N/A	N/A
Masterson	$126	$356	$812	$2,906	$4,945
Panhandle	$169	$288	$921	$2,002	$2,465
Valle De Oro	$191	$362	$566	$842	$1,144
Wildorado	$2,021	$2,555	$7,565	$8,225	$8,730

Source: Ownwell

Want to lower your Potter County property taxes?

Looking to reduce your Potter County property taxes? Ownwell is the leading property tax protest company serving Potter County. We specialize in helping property owners in the Amarillo area and beyond lower their taxes by working directly with the Potter County Appraisal District. Through our tax monitoring service, we collect all necessary information to maximize your tax reductions. We navigate the complexities of the Potter County property tax protest process and identify all available property tax exemptions so you don’t have to. Whether you are a homeowner, a real estate investor, or an asset manager, our local team at Ownwell has the expertise to assess your current property tax situation and identify strategic opportunities for reducing your tax burden. By managing the protest process from beginning to end, we not only simplify the procedure but also increase your chances of obtaining a favorable result. Let Ownwell be your trusted partner in lowering your Potter County property tax expenses through our proven strategies and expert advocacy.

Property Tax Protests in Texas

In Potter County, TX, homeowners have the opportunity to appeal their property tax assessments if they believe their property has been over-assessed. The property tax protest process begins with filing a formal protest with the Potter County Appraisal District. Homeowners must submit their protest by the deadline specified on their assessment notice, typically within 30 days of receiving it. Once the protest is filed, the homeowner will receive a notice of a hearing date. The hearing is conducted by the Potter County Appraisal Review Board (ARB), an independent panel that listens to appeals and makes decisions on property assessment disputes. During the hearing, homeowners can present evidence to support their claim, such as recent sales data of comparable properties, independent appraisals, or evidence of any discrepancies in the property assessment. The ARB will review the evidence presented by both the homeowner and the appraisal district. After considering all the information, the board will make a determination on whether to adjust the property’s assessed value. Potential outcomes include a reduction in the assessed value, resulting in lower property taxes, or a decision to maintain the current assessment. Ownwell can assist homeowners throughout the entire appeal process. Our experts provide a comprehensive analysis of your property’s assessment to identify discrepancies and gather supporting evidence. We handle all the paperwork and represent you during the ARB hearing, ensuring that your case is presented effectively. By leveraging our expertise and local knowledge, we aim to achieve the best possible outcome for your property tax appeal, potentially saving you a significant amount on your tax bill.

Exemptions in Texas

In Potter County, TX, several property tax exemption programs are available to help homeowners reduce their tax burden. These exemptions are designed to provide financial relief to specific groups of property owners, particularly those who use their property as a primary residence. The Homestead Exemption is one of the most significant benefits available. This exemption is for homeowners who occupy their property as their primary residence on January 1st of the tax year. It reduces the assessed value of the home, thereby lowering the overall property tax bill. Homeowners aged 65 and older or those with disabilities can qualify for additional exemptions, further reducing their tax liability. Another important exemption is the Disabled Veteran Exemption, which provides substantial tax relief to veterans with service-related disabilities. The amount of exemption depends on the degree of disability, offering significant savings to eligible veterans. To apply for these exemptions, homeowners must submit the appropriate forms to the Potter County Appraisal District along with any required documentation proving eligibility. Ownwell can assist homeowners in navigating the application process, ensuring they take full advantage of all available exemptions. With expert guidance, homeowners can accurately complete and submit their applications, maximizing their potential savings and reducing their property tax burden effectively.

Available Exemptions