Paducah, Texas Property Taxes
The median property tax rate in Paducah, TX is 1.52%, 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 Paducah being $14,930, the typical annual property tax bill reaches $227, which is significantly lower than the national median of $2,690. Property taxes in Paducah 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 Paducah'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 Paducah 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
Paducah, 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 Paducah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Paducah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Paducah 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 Paducah, Texas
Property taxes in Paducah, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Paducah is 1.52%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Paducah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Paducah 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 Paducah's effective property tax rate to other counties in Texas and the national median. For comparison, the 79248 zip code has the highest median property tax rate of 1.52%, while the same zip code also has the lowest median tax rate of 1.52%. Understanding how these cities compare with Paducah 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 Paducah Tax Rate
1.52%
Average Dickens County Tax Rate
2.48%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Paducah, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79248 | 1.52% | 1.52% | 1.52% | 1.52% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Paducah, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Paducah, 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 Dickens 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 Paducah 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. In Paducah, the median home price is $14,930, with tax bills ranging from $220 at the 25th percentile to $417 at the 90th percentile. The zip code with the highest and lowest median tax bill is both 79248, with a median tax bill of $227. 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 Paducah Assessed Value
$14,930
Average Dickens County Assessed Value
$32,585
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Paducah, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79248 | $14,202 | $14,475 | $14,930 | $22,710 | $27,378 |
Source: Ownwell
Property Tax Bills Across Paducah, Texas
In Paducah, located in Dickens County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, size, location, and condition. For homeowners in Paducah, the median home price is $14,930. Property tax bills in this area can vary significantly. For example, the tax bill at the 25th percentile is $220, while at the 75th percentile, it rises to $345. At the 90th percentile, homeowners might pay up to $417 annually. The highest and lowest median tax bills in the region both stand at $227, specifically within the 79248 zip code. Comparatively, the property tax rate in Paducah can be seen as relatively manageable, especially when considering the national median property tax rate of 0.99%. This offers some financial relief to homeowners, making property ownership more affordable in this Texas city.
Average Paducah Tax Bill
$227
Average Dickens County Tax Bill
$717
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Paducah, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79248 | $216 | $220 | $227 | $345 | $417 |
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 | |
|---|---|
| Dickens Appraisal District | |
| Website | dickenscad.org |