Panhandle, Texas Property Taxes
The median property tax rate in PANHANDLE, TX is 1.98%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in PANHANDLE at $115,270, the typical annual property tax bill reaches $2,063, slightly below the national median of $2,690. Property taxes in PANHANDLE 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 PANHANDLE'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 PANHANDLE or another part of Carson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Panhandle, 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 PANHANDLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PANHANDLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PANHANDLE 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 Panhandle, Texas
Property taxes in Panhandle, Texas, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Panhandle is 1.98%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Panhandle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Panhandle 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 Panhandle's effective property tax rate to other counties in Texas and the national median. For comparison, the 79068 zip code has the highest median property tax rate of 1.98%, while the same zip code also has the lowest median tax rate of 1.98%. Understanding how these cities compare with Panhandle 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 Panhandle Tax Rate
1.98%
Average Carson County Tax Rate
1.99%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Panhandle, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79068 | 1.22% | 1.70% | 1.98% | 1.99% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Panhandle, Texas
In Panhandle, 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 Panhandle, 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 Panhandle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Panhandle, the zip code with the highest median tax bill is 79068, with a median tax bill of $2,063. The same zip code also has the lowest median tax bill, making it a unique case in the region.
Average Panhandle Assessed Value
$115,270
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 Panhandle, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79068 | $19,912 | $60,180 | $115,270 | $174,550 | $237,942 |
Source: Ownwell
Property Tax Bills Across Panhandle, Texas
In the Panhandle region of Carson County, TX, property tax bills are determined by assessing the market value of a home and applying the local tax rate. For instance, with a median home price of $115,270, homeowners can expect their property tax bill to vary significantly. At the 25th percentile, tax bills are around $998, while at the 75th percentile, they can reach up to $3,079. The highest tax bills, in the 90th percentile, can be as much as $4,225. Several factors influence these amounts, including the property's assessed value and any applicable exemptions. The local tax rate is applied to the assessed value to calculate the final tax bill. This system ensures that property taxes are proportionate to the market value of the property, providing a fair distribution of the tax burden. Homeowners in Carson County should be aware of these factors to better understand and anticipate their property tax obligations, especially when compared to the national median property tax rate of 0.99%.
Average Panhandle Tax Bill
$2,063
Average Carson County Tax Bill
$1,745
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Panhandle, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79068 | $283 | $998 | $2,063 | $3,079 | $4,225 |
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 |