Perrin, Texas Property Taxes
The median property tax rate in Perrin, TX is 1.45%, which is considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Perrin at $122,235, the typical annual property tax bill reaches $1,751, falling below the national median of $2,690. Property taxes in Perrin 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 Perrin'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 Perrin 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
Perrin, 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 Perrin Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Perrin with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Perrin to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more granular insights, you can explore trends at the neighborhood level by scrolling down. Your property’s assessed value is the amount determined by Palo Pinto County for property tax purposes, including any applicable exemptions.
Property Tax Rates Across Perrin, Texas
Property taxes in Perrin, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Perrin is 1.45%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Perrin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Perrin 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 Perrin's effective property tax rate to other counties in Texas and the national median. For comparison, the 76486 zip code has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with Perrin provides valuable insights into the varying tax landscape across Palo Pinto County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Perrin Tax Rate
1.45%
Average Palo Pinto County Tax Rate
1.57%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perrin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76486 | 1.38% | 1.43% | 1.45% | 1.45% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Perrin, Texas
In Perrin, 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 Palo Pinto 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 Perrin, 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. The median home price in Perrin stands at $122,235, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $842, while the 75th percentile tax bill reaches $2,398, and the 90th percentile tax bill is $3,862. Notably, the highest and lowest median tax bill in the area is $1,751, specifically in the 76486 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Perrin Assessed Value
$122,235
Average Palo Pinto County Assessed Value
$144,560
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Perrin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76486 | $22,558 | $58,265 | $122,235 | $167,900 | $293,155 |
Source: Ownwell
Property Tax Bills Across Perrin, Texas
In Perrin, located in Palo Pinto County, TX, property tax bills are calculated based on the assessed value of the property, which is determined by the local appraisal district. This assessed value is multiplied by the local tax rate to determine the annual tax bill. For homeowners in Perrin, the median home price is $122,235. The tax rate in Palo Pinto County means that the 25th percentile of tax bills is $842, while the 75th percentile reaches $2,398. For those at the 90th percentile, the tax bill can be as high as $3,862. These property taxes fund essential local services such as schools, infrastructure, and emergency services. Homeowners need to consider these costs when budgeting for homeownership, as they can significantly impact annual expenses. Compared to the national median property tax rate of 0.99%, homeowners in Perrin experience varying tax bills depending on their property's assessed value and the specific tax rates applied by local authorities.
Average Perrin Tax Bill
$1,751
Average Palo Pinto County Tax Bill
$2,369
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Perrin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76486 | $287 | $842 | $1,751 | $2,398 | $3,862 |
Source: 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 | |
|---|---|
| Palo Pinto Appraisal District | |
| Website | iswdataclient.azurewebsites.net |