Pampa, Texas Property Taxes
The median property tax rate in Pampa, TX is 0.43%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Pampa at $83,155, the typical annual property tax bill is $385, much less than the national median of $2,690. Property taxes in Pampa are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Pampa'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 Pampa 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
Pampa, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Pampa Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Pampa with just two data inputs. By entering your property's estimated assessed value, the calculator leverages the median tax rate in Pampa to provide an estimated property tax bill. This valuable tool helps you grasp potential tax liabilities effectively. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Pampa, Texas
Property taxes in Pampa, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pampa is 0.43%, which is significantly lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Pampa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pampa 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 Pampa's effective property tax rate to other counties in Texas and the national median. For comparison, the 79065 zip code has the highest median property tax rate of 0.43%, while the 79065 zip code also has the lowest median tax rate of 0.43%. Understanding how these cities compare with Pampa provides valuable insights into the varying tax landscape across Roberts County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pampa Tax Rate
0.43%
Average Roberts County Tax Rate
1.56%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pampa, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79065 | 0.34% | 0.37% | 0.43% | 0.48% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Pampa, Texas
In Pampa, 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 Roberts 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 Pampa, 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 Pampa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 79065 has both the highest and lowest median tax bill at $385.
Average Pampa Assessed Value
$83,155
Average Roberts County Assessed Value
$64,085
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pampa, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79065 | $39,652 | $53,910 | $83,155 | $136,542 | $194,515 |
Source: Ownwell
Property Tax Bills Across Pampa, Texas
In Pampa, located in Roberts 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 Pampa is $83,155. To determine the tax bill, the assessed value is multiplied by the local tax rate. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Pampa experience varying tax bills, with the 25th percentile at $265 and the 75th percentile at $593. The 90th percentile can see tax bills as high as $963. These figures highlight the disparity in tax burdens among homeowners. While the highest and lowest median tax bills in the area are reported at $385, this is still significantly lower than the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Pampa Tax Bill
$385
Average Roberts County Tax Bill
$884
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Pampa, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79065 | $126 | $265 | $385 | $593 | $963 |
Source: Ownwell