Perryton, Texas Property Taxes
The median property tax rate in Perryton, TX is 0.84%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Perryton standing at $105,180, the typical annual property tax bill amounts to $885, which is considerably below the national median of $2,690. Property taxes in Perryton are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Perryton'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 Perryton or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Perryton, 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 Perryton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Perryton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perryton 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 Perryton, Texas
Property taxes in Perryton, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Perryton is 0.84%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Perryton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Perryton 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 Perryton's effective property tax rate to other counties in Texas and the national median. For comparison, the 79070 zip code has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these cities compare with Perryton provides valuable insights into the varying tax landscape across Ochiltree County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Perryton Tax Rate
0.84%
Average Roberts County Tax Rate
1.56%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perryton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79070 | 0.84% | 0.84% | 0.84% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Perryton, Texas
In Perryton, 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 Perryton, 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 Perryton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Perryton are both $885, found in the 79070 zip code.
Average Perryton Assessed Value
$105,180
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 Perryton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79070 | $105,180 | $105,180 | $105,180 | $105,180 | $105,180 |
Source: Ownwell
Property Tax Bills Across Perryton, Texas
In Perryton, located in Roberts County, TX, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and it reflects the market value of the property. Homeowners in Perryton can expect a median property tax bill of $885, which is consistent across various percentiles, indicating a uniform assessment approach within the city. To calculate the tax bill, the assessed value is multiplied by the local tax rate. The tax rate in Perryton is influenced by the budgetary needs of local government services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Perryton's rate translates to a relatively moderate financial obligation for homeowners. The consistent median tax bill suggests a stable and predictable tax environment, which can be beneficial for homeowners planning their annual budgets. This stability helps homeowners anticipate their financial commitments and manage their expenses effectively.
Average Perryton Tax Bill
$885
Average Roberts County Tax Bill
$884
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Perryton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79070 | $885 | $885 | $885 | $885 | $885 |
Source: Ownwell