Paint Rock, Texas Property Taxes
The median property tax rate in Paint Rock, TX is 1.41%, 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 $94,065 in Paint Rock, the typical annual property tax bill amounts to $1,240, falling below the national median of $2,690. Property taxes in Paint Rock are calculated based on the tax assessed value, which often comes in below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Paint Rock'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 Paint Rock or another part of Concho County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Paint Rock, 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 Paint Rock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Paint Rock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Paint Rock 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 Paint Rock, Texas
Property taxes in Paint Rock, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Paint Rock is 1.41%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Paint Rock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Paint Rock 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 Paint Rock's effective property tax rate to other counties in Texas and the national median. For comparison, the 76866 zip code has the highest median property tax rate of 1.41%, while the same zip code also has the lowest median tax rate of 1.41%. Understanding how these cities compare with Paint Rock provides valuable insights into the varying tax landscape across Concho County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Paint Rock Tax Rate
1.41%
Average Concho County Tax Rate
1.70%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Paint Rock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76866 | 0.94% | 1.27% | 1.41% | 1.70% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Paint Rock, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Paint Rock, 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 Concho 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. Assessment notices in Paint Rock 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. Paint Rock homeowners can expect a median home price of $94,065. The median tax bill varies, with the 25th percentile at $601 and the 75th percentile at $2,414. The highest and lowest median tax bills are both $1,240, found in the 76866 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Paint Rock Assessed Value
$94,065
Average Concho County Assessed Value
$75,090
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Paint Rock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76866 | $13,605 | $42,040 | $94,065 | $189,860 | $320,011 |
Source: Ownwell
Property Tax Bills Across Paint Rock, Texas
In Paint Rock, Concho County, TX, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Paint Rock is $94,065, and the property tax rate in this region is calculated based on this assessed value. Homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Factors considered in determining the tax bill include the property's market value, local government budgets, and any applicable exemptions or deductions. For instance, the 25th percentile tax bill is around $601, while the 75th percentile reaches up to $2,414. At the higher end, the 90th percentile tax bill can be as much as $3,470. These property taxes significantly impact homeowners by contributing to local services such as schools, emergency services, and infrastructure. While the median tax bill in Paint Rock is $1,240, it's essential for homeowners to understand how these taxes are calculated to manage their financial planning effectively.
Average Paint Rock Tax Bill
$1,240
Average Concho County Tax Bill
$1,196
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Paint Rock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76866 | $226 | $601 | $1,240 | $2,414 | $3,470 |
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 | |
|---|---|
| Concho Appraisal District | |
| Website | esearch.conchocad.org |