Quanah, Texas Property Taxes
The median property tax rate in Quanah, TX is 2.31%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Quanah at $34,880, the typical annual property tax bill reaches $770, which is below the national median of $2,690. Property taxes in Quanah 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 Quanah'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 Quanah 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
Quanah, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.31%
Estimate Property Tax Bill
$806
$745
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 2.31%, significantly 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 2.31%, while the same zip code also has the lowest median tax rate of 2.31%. Understanding how these cities compare with Quanah provides valuable insights into the varying tax landscape across Hardeman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Quanah Tax Rate
2.31%
Average Hardeman County Tax Rate
2.31%
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 | 1.52% | 2.31% | 2.31% | 2.31% | 2.31% |
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 Hardeman 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. Being aware of these valuation processes in Quanah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Quanah is $34,880, with the 25th percentile tax bill at $271 and the 75th percentile tax bill at $1,369. The median tax bill in the 79252 zip code is $770.
Average Quanah Assessed Value
$34,880
Average Hardeman County Assessed Value
$32,885
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 | $4,172 | $12,685 | $34,880 | $64,855 | $98,356 |
Source: Ownwell
Property Tax Bills Across Quanah, Texas
In Quanah, located in Hardeman County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, market conditions, and any applicable exemptions. For instance, the median home price in Quanah is $34,880. Homeowners in the 25th percentile pay around $271 annually, while those in the 75th percentile face a tax bill of approximately $1,369. At the 90th percentile, the tax bill can reach up to $2,030. These property taxes significantly impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Quanah's rates offer a distinctive perspective on property taxation within Texas.
Average Quanah Tax Bill
$770
Average Hardeman County Tax Bill
$743
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 | $94 | $271 | $770 | $1,369 | $2,030 |
Source: Ownwell