Stratford, Texas Property Taxes
The median property tax rate in Stratford, TX is 0.39%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Stratford at $107,700, the typical annual property tax bill is $399, well below the national median of $2,690. Property taxes in Stratford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Stratford'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 Stratford 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
Stratford, 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 Stratford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stratford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stratford 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 Stratford, Texas
Property taxes in Stratford, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stratford is 0.39%, which is lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Stratford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stratford 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 Stratford's effective property tax rate to other counties in Texas and the national median. For comparison, the highest median property tax rate in Texas is 2.47%, while the lowest median tax rate is 0.18%. Understanding how these cities compare with Stratford provides valuable insights into the varying tax landscape across Sherman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stratford Tax Rate
0.39%
Average Sherman County Tax Rate
0.41%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stratford, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79084 | 0.22% | 0.30% | 0.39% | 0.48% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Stratford, Texas
In Stratford, 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 Sherman 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 Stratford, 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. The median home price in Stratford is $107,700, with tax bills ranging from the 25th percentile at $228 to the 90th percentile at $998. The highest and lowest median tax bills, both at $399, are found in the 79084 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stratford Assessed Value
$107,700
Average Sherman County Assessed Value
$101,340
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stratford, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79084 | $44,822 | $71,380 | $107,700 | $148,140 | $214,198 |
Source: Ownwell
Property Tax Bills Across Stratford, Texas
In Stratford, located in Sherman County, TX, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and represents a percentage of the property's market value. For homeowners in Stratford, the median home price is $107,700. The property tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Stratford see a range in their tax bills, with the 25th percentile paying around $228 and the 75th percentile paying approximately $645. At the higher end, the 90th percentile faces a tax bill of about $998. These property taxes are vital for funding local services such as schools, emergency services, and infrastructure. While the median tax bill in Stratford is $399, which is lower than the national median property tax rate of 0.99%, it still represents a significant expense for homeowners, impacting their overall cost of living.
Average Stratford Tax Bill
$399
Average Sherman County Tax Bill
$384
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Stratford, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79084 | $124 | $228 | $399 | $645 | $998 |
Source: Ownwell