Perrin, Texas Property Taxes
The median property tax rate in Perrin, TX is 1.24%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $243,990 in Perrin, the typical annual property tax bill is about $2,739, slightly above the national median of $2,690. Property taxes in Perrin 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 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 Parker County, 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
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$3,025
$2,799
$1,148
Average Perrin, Texas Tax Savings
Ownwell’s Perrin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Perrin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perrin to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Perrin. 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 Perrin, Texas
Property taxes in Perrin, Texas, play a crucial role in financing essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Perrin is 1.24%, 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 1.24%, while the same 76486 zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Perrin provides valuable insights into the varying tax landscape across Parker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Perrin Tax Rate
1.24%
Average Parker County Tax Rate
1.54%
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 | 0.62% | 1.02% | 1.24% | 1.38% | 1.38% |
Source: Ownwell
$1,148
Average Perrin Tax Savings
Save on your property taxes & more with 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 Parker 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. 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 Perrin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Perrin are both $2739.00, found in the 76486 zip code.
Average Perrin Assessed Value
$243,990
Average Parker County Assessed Value
$335,640
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 | $36,010 | $118,150 | $243,990 | $392,340 | $588,012 |
Source: Ownwell
$1,148
Average Perrin Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Perrin, Texas
In Perrin, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the Parker County Appraisal District. The assessed value is then multiplied by the local property tax rate to determine the tax bill. Factors such as the median home price, which is $243,990, and the specific tax rate for the area influence the final amount. For example, homeowners at the 25th percentile pay around $1,218, while those at the 75th percentile pay up to $4,674. The highest tax bills can reach $6,996, significantly impacting household budgets. Ownwell helps homeowners in Perrin save on their property tax bills by providing expert property tax appeal and exemption services. By identifying discrepancies in assessed values and ensuring all eligible exemptions are applied, Ownwell can significantly reduce your tax burden. This not only saves money but also offers peace of mind, knowing that you're paying a fair amount in property taxes.
Average Perrin Tax Bill
$2,739
Average Parker County Tax Bill
$4,986
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 | $448 | $1,218 | $2,739 | $4,674 | $6,996 |
Source: Ownwell
$1,148
Average Perrin Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Parker Appraisal District | |
| Website | iswdataclient.azurewebsites.net |
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