Wildorado, Texas Property Taxes
The median property tax rate in Wildorado, TX is 1.58%, which is considerably higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With a median home value of $479,086, the typical annual property tax bill in Wildorado reaches $7,565, significantly exceeding the national median of $2,690. Property taxes in Wildorado are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Wildorado'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 Wildorado or another part of Potter County, grasping the local property tax structure will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wildorado, 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 Wildorado, Texas Tax Savings
Ownwell’s Wildorado Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wildorado with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wildorado 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 Wildorado. 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 Wildorado, Texas
Property taxes in Wildorado, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wildorado is 1.58%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Wildorado set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wildorado 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 Wildorado's effective property tax rate to other counties in Texas and the national median. For comparison, the 79098 zip code has the highest median property tax rate of 1.58%, while the 79098 zip code has the lowest median tax rate of 1.58%. Understanding how these cities compare with Wildorado provides valuable insights into the varying tax landscape across Potter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wildorado Tax Rate
1.58%
Average Potter County Tax Rate
2.16%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wildorado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79098 | 0.91% | 1.52% | 1.58% | 1.69% | 1.69% |
Source: Ownwell
$1,148
Average Wildorado Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Wildorado, Texas
In Wildorado, 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 Potter 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 Wildorado, 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 Wildorado helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Wildorado is $7,565 in the zip code 79098. This is significantly higher than the national median property tax rate of 0.99%. Understanding these figures can help homeowners in Wildorado make informed decisions about their property taxes.
Average Wildorado Assessed Value
$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 Wildorado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79098 | $223,008 | $330,509 | $479,086 | $537,001 | $540,420 |
Source: Ownwell
$1,148
Average Wildorado Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Wildorado, Texas
In Wildorado, located in Potter County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Wildorado is $479,086. With property tax rates varying, homeowners can see a wide range of bills. For instance, the 25th percentile tax bill is $2,555, while the 75th percentile reaches $8,225, and the 90th percentile goes up to $8,730. These figures highlight the variability in tax obligations, which can significantly impact homeowners' finances. Several factors influence your property tax bill, including property size, improvements, and market conditions. High property taxes can be a financial burden, but that's where Ownwell steps in. By leveraging expert knowledge and personalized strategies, Ownwell helps homeowners appeal their assessed values, potentially reducing their tax bills. With a focus on maximizing savings, Ownwell ensures you pay only your fair share, providing financial relief and peace of mind.
Average Wildorado Tax Bill
$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 Wildorado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79098 | $2,021 | $2,555 | $7,565 | $8,225 | $8,730 |
Source: Ownwell
$1,148
Average Wildorado 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 | |
|---|---|
| Potter Appraisal District | |
| Website | www.prad.org |
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