Spur, Texas Property Taxes
The median property tax rate in Spur, TX is 1.88%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Spur at $43,779, the typical annual property tax bill reaches $824, which is well below the national median of $2,690. Property taxes in Spur are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Spur'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 Spur or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Spur, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.88%
Estimate Property Tax Bill
$823
$762
Ownwell’s SPUR Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SPUR with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SPUR 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 Spur, Texas
Property taxes in Spur, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Spur is 1.88%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Spur set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spur 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 Spur's effective property tax rate to other counties in Texas and the national median. For comparison, the 79370 zip code has both the highest and lowest median property tax rate of 1.88%. Understanding how these cities compare with Spur provides valuable insights into the varying tax landscape across Crosby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Spur Tax Rate
1.88%
Average Crosby County Tax Rate
2.27%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spur, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79370 | 1.73% | 1.88% | 1.88% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Spur, Texas
In Spur, 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 Crosby 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 Spur, 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 Spur helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 79370 has the highest and lowest median tax bill at $824.
Average Spur Assessed Value
$43,779
Average Crosby County Assessed Value
$53,460
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Spur, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79370 | $11,929 | $22,124 | $43,779 | $68,012 | $92,167 |
Source: Ownwell
Property Tax Bills Across Spur, Texas
In Spur, located in Crosby County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $43,779, homeowners in Spur can expect to pay varying amounts depending on their property's assessed value and specific tax rate. Several factors influence the tax bill, including the property's market value, any applicable exemptions, and the local tax rate. In Spur, the 25th percentile tax bill is $422, while the 75th percentile tax bill reaches $1,268. At the 90th percentile, homeowners might see tax bills as high as $1,636. These figures highlight the range of property tax burdens faced by homeowners in the area. Compared to the national median property tax rate of 0.99%, Spur's rates reflect local economic conditions and funding needs for public services, directly impacting homeowners' annual expenses.
Average Spur Tax Bill
$824
Average Crosby County Tax Bill
$1,091
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Spur, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79370 | $227 | $422 | $824 | $1,268 | $1,636 |
Source: Ownwell