Cactus, Texas Property Taxes
The median property tax rate in Cactus, TX is 2.33%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $19,430 in Cactus, the typical annual property tax bill reaches $422, which is still below the national median of $2,690. Property taxes in Cactus are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Cactus'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 Cactus 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
Cactus, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.33%
Estimate Property Tax Bill
$453
$419
Ownwell’s Cactus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cactus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cactus 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 Cactus, Texas
Property taxes in Cactus, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cactus is 2.33%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Cactus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cactus 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 Cactus's effective property tax rate to other counties in Texas and the national median. For comparison, the 79013 zip code has both the highest and lowest median property tax rate of 2.33%. Understanding how these cities compare with Cactus provides valuable insights into the varying tax landscape across Moore County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cactus Tax Rate
2.33%
Average Moore County Tax Rate
1.99%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cactus, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79013 | 0.52% | 1.22% | 2.33% | 2.59% | 2.59% |
Source: Ownwell
Property Tax Assessment Values Across Cactus, Texas
In Cactus, 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 Moore 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 Cactus, 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. The highest median tax bill in Cactus is $422 in the 79013 zip code, which is also the lowest. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cactus Assessed Value
$19,430
Average Moore County Assessed Value
$109,905
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cactus, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79013 | $7,207 | $13,370 | $19,430 | $34,795 | $74,191 |
Source: Ownwell
Property Tax Bills Across Cactus, Texas
In Cactus, TX, property tax bills are calculated based on the assessed value of a property, which is determined by the Moore County Appraisal District. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. Various factors such as property size, location, and condition influence this assessment. Homeowners in Cactus can expect property tax rates to be applied to this assessed value, resulting in their annual tax bill. For instance, the median home price in Cactus is $19,430. Property tax bills here range significantly, with the 25th percentile at $213 and the 75th percentile reaching $675. At the 90th percentile, homeowners might see a tax bill as high as $1,272. These tax bills impact homeowners by contributing to local services and infrastructure, such as schools, roads, and emergency services. Compared to the national median property tax rate of 0.99%, Cactus homeowners may find their tax rates relatively manageable, but the exact impact varies depending on individual property values and specific local rates.
Average Cactus Tax Bill
$422
Average Moore County Tax Bill
$1,748
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Cactus, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79013 | $67 | $213 | $422 | $675 | $1,272 |
Source: Ownwell