Snyder, Texas Property Taxes
The median property tax rate in Snyder, TX is 1.52%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $80,070, the typical annual property tax bill in Snyder is around $1,019, below the national median of $2,690. Property taxes in Snyder are based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Snyder'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 Snyder or another part of Scurry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Snyder, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$1,217
$1,126
Ownwell’s Snyder Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Snyder with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Snyder 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 Snyder, Texas
Property taxes in Snyder, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Snyder is 1.52%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Snyder set these rates annually, and they can vary significantly across different neighborhoods. Each year, Snyder 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 Snyder's effective property tax rate to other counties in Texas and the national median. For comparison, the 79550 zip code has the highest median property tax rate of 2.35%, while the 79549 zip code has the lowest median tax rate of 1.52%. Understanding how these cities compare with Snyder provides valuable insights into the varying tax landscape across Scurry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Snyder Tax Rate
1.52%
Average Scurry County Tax Rate
1.50%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Snyder, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79526 | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% |
| 79549 | 0.51% | 1.01% | 1.52% | 1.97% | 2.34% |
| 79550 | 1.79% | 2.15% | 2.35% | 2.37% | 2.39% |
Source: Ownwell
Property Tax Assessment Values Across Snyder, Texas
In Snyder, 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 Scurry 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 Snyder, 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 Snyder helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Snyder is $1,020 in zip code 79549, while the lowest is $912 in zip code 79550.
Average Snyder Assessed Value
$80,070
Average Scurry County Assessed Value
$80,259
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Snyder, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79526 | $2,138 | $2,138 | $2,138 | $2,138 | $2,138 |
| 79549 | $9,924 | $33,002 | $80,127 | $155,031 | $225,385 |
| 79550 | $19,998 | $35,178 | $43,246 | $73,890 | $84,816 |
Source: Ownwell
Property Tax Bills Across Snyder, Texas
In Snyder, located in Scurry County, TX, property tax bills are calculated based on the assessed value of a home. The median home price in Snyder is $80,070. Local tax authorities determine the assessed value, which is then multiplied by the property tax rate to calculate the annual tax bill. In Snyder, property tax rates can vary, but they typically result in a median tax bill of around $912 to $1,020, depending on the specific zip code. Several factors influence the tax bill, including the assessed value of the property and any applicable exemptions. For example, homeowners might qualify for exemptions that reduce their tax liability, such as those for seniors or veterans. The tax bill can significantly impact homeowners, as it represents a recurring expense that must be budgeted for annually. For those in the 25th percentile, tax bills are around $359, while those in the 90th percentile can see bills as high as $3,542. Understanding these factors can help homeowners better manage their finances and plan for future expenses.
Average Snyder Tax Bill
$1,019
Average Scurry County Tax Bill
$996
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Snyder, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79526 | $50 | $50 | $50 | $50 | $50 |
| 79549 | $108 | $360 | $1,020 | $2,117 | $3,542 |
| 79550 | $355 | $633 | $912 | $1,104 | $1,225 |
Source: Ownwell