Pantego, Texas Property Taxes
The median property tax rate in Pantego, TX is 1.51%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Pantego at $312,727, the typical annual property tax bill reaches $4,610, exceeding the national median of $2,690. Property taxes in Pantego 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 Pantego'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 Pantego 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
Pantego, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$4,722
$4,369
$1,148
Average Pantego, Texas Tax Savings
Ownwell’s Pantego Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pantego with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pantego to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Pantego. 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 Pantego, Texas
Property taxes in Pantego, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pantego is 1.51%, higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Pantego set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pantego 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 Pantego's effective property tax rate to other counties in Texas and the national median. For comparison, the 76013 zip code has the highest median property tax rate of 1.52%, while the 76015 zip code has the lowest median tax rate of 1.29%. Understanding how these cities compare with Pantego provides valuable insights into the varying tax landscape across Tarrant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pantego Tax Rate
1.51%
Average Tarrant County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pantego, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76013 | 0.76% | 1.07% | 1.52% | 1.84% | 2.06% |
| 76015 | 0.58% | 1.18% | 1.29% | 1.76% | 1.80% |
Source: Ownwell
$1,148
Average Pantego Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Pantego, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pantego, Texas. 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 Tarrant 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 Pantego, 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. For instance, the highest median tax bill in Pantego is $4,647 in zip code 76013, while the lowest is $4,103 in zip code 76015. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pantego Assessed Value
$312,727
Average Tarrant County Assessed Value
$306,713
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pantego, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76013 | $243,528 | $268,859 | $313,222 | $363,937 | $435,772 |
| 76015 | $241,468 | $263,530 | $296,694 | $310,282 | $320,207 |
Source: Ownwell
$1,148
Average Pantego Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Pantego, Texas
In Pantego, Tarrant County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. With a median home price of $312,727, property taxes can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $3,232, while those in the 75th percentile might see bills up to $5,968. The highest median tax bill in the area is $4,647 in the 76013 zip code, whereas the lowest is $4,103 in the 76015 zip code. These figures are influenced by various factors, including property size, location, and improvements. High property taxes can be a burden for homeowners, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills. Our team analyzes your property’s assessed value and compares it with market data to identify discrepancies. If an appeal is warranted, we handle the entire process, aiming to secure a fair and reduced tax bill for you.
Average Pantego Tax Bill
$4,610
Average Tarrant County Tax Bill
$5,114
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Pantego, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76013 | $2,166 | $3,231 | $4,647 | $5,992 | $7,472 |
| 76015 | $1,709 | $3,616 | $4,103 | $4,356 | $4,812 |
Source: Ownwell
$1,148
Average Pantego Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 24 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Tarrant Appraisal District | |
| Phone | (817) 284-0024 |
| Website | www.tad.org |
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