Toyah, Texas Property Taxes
The median property tax rate in Toyah, TX is 1.78%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Toyah at $21,708, the typical annual property tax bill reaches $341, which is significantly lower than the national median of $2,690. Property taxes in Toyah are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Toyah'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 Toyah 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
Toyah, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.78%
Estimate Property Tax Bill
$386
$358
Ownwell’s Toyah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Toyah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Toyah 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 Toyah, Texas
Property taxes in Toyah, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Toyah is 1.78%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Toyah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Toyah 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 Toyah's effective property tax rate to other counties in Texas and the national median. For comparison, the 79785 zip code has the highest median property tax rate of 1.78%, while the 79785 zip code has the lowest median tax rate of 1.78%. Understanding how these cities compare with Toyah 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 Toyah Tax Rate
1.78%
Average Reeves County Tax Rate
2.02%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Toyah, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79785 | 1.29% | 1.75% | 1.78% | 1.78% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Toyah, Texas
In Toyah, 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 Toyah, 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 Toyah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $341 in the 79785 zip code, which is also the lowest median tax bill.
Average Toyah Assessed Value
$21,708
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 Toyah, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79785 | $3,702 | $6,742 | $21,708 | $47,414 | $68,793 |
Source: Ownwell
Property Tax Bills Across Toyah, Texas
In Toyah, located in Reeves County, TX, property tax bills are calculated by assessing the market value of a property and then applying the local tax rate. The median home price in Toyah is $21,708, and the property tax rate is determined by local taxing authorities. Various factors are considered in determining a homeowner's tax bill, including the property's assessed value, any applicable exemptions, and the specific tax rate set by local government entities. For homeowners in Toyah, the property tax bills can vary significantly. The 25th percentile tax bill is $81, while the 75th percentile reaches $725, and the 90th percentile can be as high as $1,161. The highest median tax bill recorded in the area is $341, which is notably lower than the national median property tax rate of 0.99%. This relatively low tax burden can be a financial relief for homeowners, but it also underscores the importance of understanding how property taxes are calculated and how they can fluctuate based on various factors.
Average Toyah Tax Bill
$341
Average Reeves County Tax Bill
$1,283
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Toyah, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79785 | $57 | $81 | $341 | $725 | $1,161 |
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 |