Strawn, Texas Property Taxes
The median property tax rate in Strawn, TX is 1.57%, 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 Strawn at $131,130, the typical annual property tax bill reaches $1,954, falling below the national median of $2,690. Property taxes in Strawn are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Strawn'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 Strawn or another part of Palo Pinto County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Strawn, 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 Strawn Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Strawn with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Strawn to determine your property tax bill. This valuable tool provides insight into potential tax liabilities, helping you make informed decisions. For those interested in neighborhood-specific trends, additional localized information is available below. 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 Strawn, Texas
Property taxes in Strawn, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Strawn is 1.57%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Strawn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Strawn 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 Strawn's effective property tax rate to other counties in Texas and the national median. For comparison, the 76475 zip code has the highest median property tax rate of 1.57%, while the same zip code also has the lowest median tax rate of 1.57%. Understanding how these cities compare with Strawn provides valuable insights into the varying tax landscape across Palo Pinto, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Strawn Tax Rate
1.57%
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 Strawn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76475 | 1.17% | 1.34% | 1.57% | 1.57% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Strawn, Texas
In Strawn, 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 Strawn, 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. With a median home price of $131,130, property tax bills can vary significantly. For instance, the 25th percentile tax bill is $841, while the 75th percentile reaches $5,395, and the 90th percentile soars to $16,820. The zip code 76475 has the highest and lowest median tax bill, both at $1,954. 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 Strawn Assessed Value
$131,130
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 Strawn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76475 | $29,588 | $60,520 | $131,130 | $355,050 | $1,091,774 |
Source: Ownwell
Property Tax Bills Across Strawn, Texas
In Strawn, property tax bills are calculated based on the assessed value of a property and the applicable tax rate set by local taxing authorities in Palo Pinto County. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners in Strawn can expect their property tax bills to vary significantly. For instance, the median home price is $131,130, and tax bills can range from $841 at the 25th percentile to $16,820 at the 90th percentile. The highest median tax bill in the area is $1,954, which is notably lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. These tax bills play a crucial role in funding local services such as schools, emergency services, and infrastructure projects. Homeowners need to be aware of these factors as they directly impact their annual financial obligations and the overall affordability of homeownership in Strawn.
Average Strawn Tax Bill
$1,954
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 Strawn, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76475 | $431 | $841 | $1,954 | $5,395 | $16,820 |
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 |