Andrews, Texas Property Taxes
The median property tax rate in Andrews, TX is 0.22%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Andrews, the typical annual property tax bill is $54, which is far below the national median of $2,690. Property taxes in Andrews are calculated based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Andrews' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Andrews or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Andrews, 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 Andrews Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Andrews with just two simple data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Andrews to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more localized trends, scroll down for detailed neighborhood information. Your property’s assessed value is the value assigned by the county for property tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Andrews, Texas
Property taxes in Andrews, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Andrews is 1.23%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Andrews set these rates annually, and they can vary significantly across different neighborhoods. Each year, Andrews 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 Andrews's effective property tax rate to other counties in Texas and the national median. For comparison, the 77024 zip code has the highest median property tax rate of 2.51%, while the 79852 zip code has the lowest median tax rate of 0.31%. Understanding how these cities compare with Andrews provides valuable insights into the varying tax landscape across Martin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Andrews Tax Rate
0.22%
Average Martin County Tax Rate
0.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Andrews, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79714 | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% |
Source: Ownwell
Property Tax Assessment Values Across Andrews, Texas
In Andrews, 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 Andrews 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 Andrews, 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 Andrews helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Andrews Assessed Value
$24,620
Average Martin County Assessed Value
$66,090
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Andrews, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79714 | $24,620 | $24,620 | $24,620 | $24,620 | $24,620 |
Source: Ownwell
Property Tax Bills Across Andrews, Texas
In Andrews, located in Martin County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Andrews, the median home price is $24,620, significantly lower than the national median. The tax bills in this area are relatively uniform, with the 25th, 75th, and 90th percentiles all at $54. This consistency suggests a stable tax environment, which can be beneficial for budgeting and financial planning. Despite the low property values, the uniform tax bill might be a reflection of a consistent tax rate applied across the board. For homeowners, understanding these factors is crucial as it directly impacts their annual financial obligations and overall affordability of owning property in this region.
Average Andrews Tax Bill
$54
Average Martin County Tax Bill
$154
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Andrews, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79714 | $54 | $54 | $54 | $54 | $54 |
Source: Ownwell