Pottsboro, Texas Property Taxes
The median property tax rate in Pottsboro, TX is 1.73%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Pottsboro, the typical annual property tax bill reaches $3,087, exceeding the national median of $2,690. Property taxes in Pottsboro 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 Pottsboro'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 Pottsboro 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
Pottsboro, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$3,023
$2,798
$1,148
Average Pottsboro, Texas Tax Savings
Ownwell’s Pottsboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pottsboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pottsboro 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 Pottsboro. 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 Pottsboro, Texas
Property taxes in Pottsboro, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pottsboro is 1.73%, higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Pottsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pottsboro 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 Pottsboro's effective property tax rate to other counties in Texas and the national median. For comparison, the 75076 zip code has the highest median property tax rate of 1.73%, while the 75076 zip code also has the lowest median tax rate of 1.73%. Understanding how these cities compare with Pottsboro 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 Pottsboro Tax Rate
1.73%
Average Grayson County Tax Rate
2.09%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pottsboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75076 | 1.06% | 1.42% | 1.73% | 2.12% | 2.46% |
Source: Ownwell
$1,148
Average Pottsboro Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Pottsboro, Texas
In Pottsboro, 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 Pottsboro, 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 Pottsboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,087 in the 75076 zip code, while the lowest median tax bill is also $3,087 in the same zip code.
Average Pottsboro Assessed Value
$174,742
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 Pottsboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75076 | $28,514 | $75,437 | $174,742 | $341,796 | $523,030 |
Source: Ownwell
$1,148
Average Pottsboro Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Pottsboro, Texas
In Pottsboro, Grayson County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The tax rate, applied to this assessed value, is set by various taxing entities such as school districts, cities, and counties. For example, with a median home price of $174,742, homeowners might see tax bills ranging widely. The 25th percentile tax bill is around $1,320, while the 75th percentile reaches up to $5,914, and the 90th percentile can be as high as $9,099. This variability can significantly impact homeowners, making it crucial to ensure that their property is fairly assessed. Ownwell can assist homeowners in Pottsboro by reviewing their property assessments and filing appeals if the assessed value seems too high. By leveraging data and expertise, Ownwell helps to identify inaccuracies and secure reductions, potentially saving homeowners thousands of dollars on their property tax bills. This service is especially valuable in a region where tax bills can vary so dramatically.
Average Pottsboro Tax Bill
$3,087
Average Grayson County Tax Bill
$3,777
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Pottsboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75076 | $460 | $1,320 | $3,087 | $5,914 | $9,099 |
Source: Ownwell
$1,148
Average Pottsboro 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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