Queen City, Texas Property Taxes
The median property tax rate in Queen City, TX is 1.42%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Queen City at $58,520, the typical annual property tax bill reaches $900, which is significantly below the national median of $2,690. Property taxes in Queen City are calculated based on the assessed value, often less than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Queen City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Queen City or another part of Cass County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Queen City, 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 Queen City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Queen City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Queen City 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 Queen City, Texas
Property taxes in Queen City, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Queen City is 1.42%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Queen City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Queen City 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 Queen City's effective property tax rate to other counties in Texas and the national median. For comparison, the 75572 zip code has the highest median property tax rate of 1.42%, while the 75572 zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Queen City provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Queen City Tax Rate
1.42%
Average Cass County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Queen City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75572 | 1.21% | 1.40% | 1.42% | 2.16% | 2.16% |
Source: Ownwell
Property Tax Assessment Values Across Queen City, Texas
In Queen City, 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 Cass 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 Queen City, 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. For instance, the highest median tax bill in Queen City is $900 in the 75572 zip code, while the lowest median tax bill is also $900 in the same zip code. 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 Queen City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Queen City Assessed Value
$58,520
Average Cass County Assessed Value
$69,430
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Queen City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75572 | $10,160 | $24,928 | $58,520 | $111,568 | $175,431 |
Source: Ownwell
Property Tax Bills Across Queen City, Texas
In Queen City, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Queen City, the median home price is $58,520. The property tax rate in this area can result in varying tax bills, with the 25th percentile tax bill being $356, and the 75th percentile reaching $1,851. Factors such as the property's location within Cass County, any applicable exemptions, and the overall market conditions can influence the assessed value and, consequently, the tax bill. For instance, properties in the zip code 75572 have a median tax bill of $900. Compared to the national median property tax rate of 0.99%, Queen City's property taxes can be relatively moderate, though they still represent a significant expense for homeowners. Understanding these factors helps homeowners anticipate their annual tax liabilities and manage their finances more effectively.
Average Queen City Tax Bill
$900
Average Cass County Tax Bill
$984
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Queen City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75572 | $151 | $356 | $900 | $1,851 | $2,917 |
Source: Ownwell