Amarillo, Texas Property Taxes
The median property tax rate in Amarillo, TX is 1.27%, 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 $139,080 in Amarillo, the typical annual property tax bill amounts to $1,524, falling below the national median of $2,690. Property taxes in Amarillo are based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Amarillo's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you reside in the heart of Amarillo or another part of the city, gaining insight into the local property tax system is crucial for managing expenses effectively.
Last Updated June 14, 2024
Amarillo, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$1,766
$1,634
Ownwell’s Amarillo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Amarillo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Amarillo 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 Amarillo, Texas
Property taxes in Amarillo, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Amarillo is 1.27%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Amarillo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amarillo 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 Amarillo's effective property tax rate to other counties in Texas and the national median. For comparison, the 79108 zip code has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Amarillo provides valuable insights into the varying tax landscape across Carson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Amarillo Tax Rate
1.27%
Average Carson County Tax Rate
1.99%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amarillo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79108 | 0.76% | 1.05% | 1.27% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Amarillo, Texas
In Amarillo, 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 Carson 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 Amarillo, 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 zip code with the highest median tax bill in Amarillo is 79108, with a median tax bill of $1,524. By being aware of these valuation processes in Amarillo, homeowners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Amarillo Assessed Value
$139,080
Average Carson County Assessed Value
$87,235
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Amarillo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79108 | $28,664 | $55,930 | $139,080 | $262,050 | $311,966 |
Source: Ownwell
Property Tax Bills Across Amarillo, Texas
In Amarillo, located in Carson County, TX, property tax bills are calculated based on the assessed value of your home. This assessed value is determined by the local tax assessor and reflects a percentage of your property's market value. The tax rate, applied to this assessed value, is set by local authorities and varies depending on the funding needs of public services such as schools, infrastructure, and emergency services. For homeowners in Amarillo, the median home price is $139,080. Property tax bills can vary significantly, with the 25th percentile tax bill at $408 and the 75th percentile reaching $3,234. At the 90th percentile, homeowners might see tax bills as high as $3,608. Comparing this to the national median property tax rate of 0.99%, Amarillo's rates can be quite variable based on the specific location and assessed property value within the city. The highest and lowest median tax bills both stand at $1,524 in the 79108 zip code, highlighting the range of property tax obligations homeowners might face.
Average Amarillo Tax Bill
$1,524
Average Carson County Tax Bill
$1,745
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Amarillo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79108 | $35 | $408 | $1,524 | $3,234 | $3,608 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Carson Appraisal District | |
| Website | esearch.carsoncad.org |