Salt Flat, Texas Property Taxes
The median property tax rate in Salt Flat, TX is 1.77%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Salt Flat, the typical annual property tax bill reaches $426, which is significantly lower than the national median of $2,690. Property taxes in Salt Flat are calculated based on the tax assessed value, typically lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Salt Flat'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 Salt Flat or another part of Hudspeth County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Salt Flat, 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 Salt Flat Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Salt Flat with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Salt Flat 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 Salt Flat, Texas
Property taxes in Salt Flat, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Salt Flat is 1.77%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Salt Flat set these rates annually, and they can vary significantly across different neighborhoods. Each year, Salt Flat 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 Salt Flat's effective property tax rate to other counties in Texas and the national median. For comparison, the 79847 zip code has the highest median property tax rate of 1.77%, while the same zip code also has the lowest median tax rate of 1.77%. Understanding how these cities compare with Salt Flat provides valuable insights into the varying tax landscape across Hudspeth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Salt Flat Tax Rate
1.77%
Average Hudspeth County Tax Rate
1.77%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Salt Flat, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79847 | 1.48% | 1.49% | 1.77% | 1.77% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Salt Flat, Texas
In Salt Flat, 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 Hudspeth 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 Salt Flat, 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 Salt Flat helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Salt Flat both amount to $426, found in the 79847 zip code.
Average Salt Flat Assessed Value
$25,255
Average Hudspeth County Assessed Value
$28,021
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Salt Flat, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79847 | $13,132 | $17,102 | $25,255 | $50,682 | $77,000 |
Source: Ownwell
Property Tax Bills Across Salt Flat, Texas
In Salt Flat, TX, property tax bills are calculated based on the assessed value of the property, which is determined by the Hudspeth County appraisal district. The median home price in Salt Flat is $25,255. Property tax rates in this area are applied to the assessed value to determine the annual tax bill. Factors such as the property's location, size, and any improvements made can influence its assessed value. Homeowners in Salt Flat can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is approximately $296, while at the 75th percentile, it rises to around $787. At the 90th percentile, homeowners may see tax bills as high as $1,359. The median property tax rate in Salt Flat is notably lower than the national median of 0.99%, offering some relief to homeowners. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan accordingly.
Average Salt Flat Tax Bill
$426
Average Hudspeth County Tax Bill
$484
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Salt Flat, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79847 | $206 | $296 | $426 | $787 | $1,359 |
Source: Ownwell