Pilot Point, Texas Property Taxes
The median property tax rate in Pilot Point, TX is 2.01%, significantly higher than the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $141,834 in Pilot Point, the typical annual property tax bill amounts to $1,392, which is below the national median of $2,690. Property taxes in Pilot Point are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a comprehensive understanding of Pilot Point's property tax system, exploring available exemptions, and seeking potential reductions can lead to substantial annual savings. Whether you reside in the heart of Pilot Point or its surrounding areas, a thorough knowledge of the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Pilot Point, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.01%
Estimate Property Tax Bill
$2,851
$2,638
$1,148
Average Pilot Point, Texas Tax Savings
Ownwell’s Pilot Point Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pilot Point with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pilot Point to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Pilot Point. 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 Pilot Point, Texas
Property taxes in Pilot Point, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pilot Point is 2.01%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Pilot Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pilot Point 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 Pilot Point's effective property tax rate to other counties in Texas and the national median. For comparison, the 76258 zip code has the highest median property tax rate of 2.01%, while the same zip code also has the lowest median tax rate of 2.01%. Understanding how these cities compare with Pilot Point provides valuable insights into the varying tax landscape across Grayson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pilot Point Tax Rate
2.01%
Average Grayson County Tax Rate
2.09%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pilot Point, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76258 | 0.59% | 1.29% | 2.01% | 2.91% | 2.92% |
Source: Ownwell
$1,148
Average Pilot Point Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Pilot Point, Texas
In Pilot Point, 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 Grayson 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 Pilot Point, 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 Pilot Point helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Pilot Point is $1,392 in the 76258 zip code, while the lowest median tax bill is also $1,392 in the same zip code. This indicates a uniformity in tax bills across the region, providing a clearer picture for homeowners.
Average Pilot Point Assessed Value
$141,834
Average Grayson County Assessed Value
$177,813
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pilot Point, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76258 | $6,262 | $8,159 | $141,834 | $276,762 | $597,835 |
Source: Ownwell
$1,148
Average Pilot Point Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Pilot Point, Texas
In Pilot Point, property tax bills are determined based on the assessed value of your home and the local tax rate. For homeowners, the median home price stands at $141,834, and the property tax rate in the area can significantly impact your annual tax bill. With tax bills ranging from the 25th percentile at $238 to the 90th percentile at $7,285, it’s clear that these costs can vary widely. The highest and lowest median tax bills in the area are both $1,392, which is above the national median property tax rate of 0.99%. Several factors contribute to your property tax bill, including the assessed value of your property, local tax rates, and any applicable exemptions. Understanding these factors is crucial for homeowners who want to manage their expenses effectively. This is where Ownwell can help. By offering expert property tax appeal and exemption services, Ownwell ensures that you’re not overpaying on your tax bill. Their team of professionals can help you navigate the complexities of property tax assessments, potentially saving you a significant amount of money.
Average Pilot Point Tax Bill
$1,392
Average Grayson County Tax Bill
$3,777
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Pilot Point, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76258 | $183 | $238 | $1,392 | $4,243 | $7,285 |
Source: Ownwell
$1,148
Average Pilot Point Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Grayson Appraisal District | |
| Website | esearch.graysonappraisal.org |
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