Pecos, Texas Property Taxes
The median property tax rate in Pecos, TX is 2.09%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Pecos at $72,209, the typical annual property tax bill reaches $1,352, which is below the national median of $2,690. Property taxes in Pecos 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 Pecos'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 Pecos 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
Pecos, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.09%
Estimate Property Tax Bill
$1,509
$1,396
Ownwell’s Pecos Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pecos with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pecos 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 Pecos, Texas
Property taxes in Pecos, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pecos is 2.09%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Pecos set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pecos 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 Pecos's effective property tax rate to other counties in Texas and the national median. For comparison, the 79772 zip code has the highest median property tax rate of 2.09%, while the same zip code also has the lowest median tax rate of 2.09%. Understanding how these cities compare with Pecos provides valuable insights into the varying tax landscape across Reeves County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pecos Tax Rate
2.09%
Average Reeves County Tax Rate
2.02%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pecos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79772 | 1.03% | 1.58% | 2.09% | 2.09% | 2.09% |
Source: Ownwell
Property Tax Assessment Values Across Pecos, Texas
In Pecos, 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 Reeves 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 Pecos, 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 Pecos is $72,209, with tax bills ranging from $725 at the 25th percentile to $3,834 at the 90th percentile. The highest and lowest median tax bills are both $1,352, found in the 79772 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pecos Assessed Value
$72,209
Average Reeves County Assessed Value
$66,998
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pecos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79772 | $20,744 | $37,512 | $72,209 | $132,646 | $203,555 |
Source: Ownwell
Property Tax Bills Across Pecos, Texas
In Pecos, located in Reeves County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local appraisal district, which evaluates the market value of the property. Once the market value is established, various taxing entities, such as the county, school districts, and municipalities, apply their respective tax rates to calculate the final tax bill. For homeowners in Pecos, the median home price stands at $72,209. The property tax rates in this area can lead to varying tax bills. For instance, the 25th percentile tax bill is around $725, while the 75th percentile tax bill can reach up to $2,395. At the higher end, the 90th percentile tax bill can be as much as $3,834. These tax bills can significantly impact homeowners, influencing decisions on property purchases and financial planning. Compared to the national median property tax rate of 0.99%, Pecos homeowners may find their tax obligations relatively manageable, though still a crucial factor in their overall housing costs.
Average Pecos Tax Bill
$1,352
Average Reeves County Tax Bill
$1,283
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Pecos, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79772 | $386 | $725 | $1,352 | $2,395 | $3,834 |
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 | |
|---|---|
| Reeves Appraisal District | |
| Website | esearch.reevescad.org |