Quanah, Texas Property Taxes
The median property tax rate in Quanah, TX is 1.50%, 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 $56,450, the typical annual property tax bill in Quanah amounts to $769, which is significantly below the national median of $2,690. Property taxes in Quanah are determined based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Quanah'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 Quanah or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Quanah, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$847
$783
Ownwell’s Quanah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quanah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quanah 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 Quanah, Texas
Property taxes in Quanah, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Quanah is 1.50%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Quanah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quanah 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 Quanah's effective property tax rate to other counties in Texas and the national median. For comparison, the 79252 zip code has the highest median property tax rate of 1.50%, while the same 79252 zip code also has the lowest median tax rate of 1.50%. Understanding how these cities compare with Quanah provides valuable insights into the varying tax landscape across Cottle County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Quanah Tax Rate
1.50%
Average Cottle County Tax Rate
2.34%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quanah, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79252 | 1.33% | 1.36% | 1.50% | 1.52% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Quanah, Texas
In Quanah, 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 Cottle 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 Quanah, 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. Quanah's median home price is $56,450, with tax bills ranging from $708 at the 25th percentile to $1,774 at the 90th percentile. Zip code 79252 has both the highest and lowest median tax bill at $769. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Quanah Assessed Value
$56,450
Average Cottle County Assessed Value
$36,440
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Quanah, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79252 | $34,168 | $46,660 | $56,450 | $68,270 | $121,892 |
Source: Ownwell
Property Tax Bills Across Quanah, Texas
In Quanah, located in Cottle County, TX, property tax bills are calculated based on the assessed value of a home. The median home price in Quanah is $56,450, and property taxes are determined by applying the local tax rate to this assessed value. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. Homeowners in Quanah can expect their property tax bills to vary significantly, with the 25th percentile paying around $708 annually, while those in the 75th percentile pay approximately $893. At the higher end, the 90th percentile sees tax bills reaching up to $1,774. Compared to the national median property tax rate of 0.99%, Quanah's property tax rates offer a relatively affordable option for homeowners. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Quanah Tax Bill
$769
Average Cottle County Tax Bill
$747
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Quanah, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79252 | $522 | $708 | $769 | $893 | $1,774 |
Source: Ownwell