Fort Stockton, Texas Property Taxes
The median property tax rate in Fort Stockton, TX is 2.03%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Fort Stockton, the typical annual property tax bill reaches $1,922, which is below the national median of $2,690. Property taxes in Fort Stockton 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 Fort Stockton'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 Fort Stockton 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
Fort Stockton, 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 FORT STOCKTON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FORT STOCKTON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FORT STOCKTON 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 Fort Stockton, Texas
Property taxes in Fort Stockton, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Stockton is 2.03%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Fort Stockton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Stockton 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 Fort Stockton's effective property tax rate to other counties in Texas and the national median. For comparison, the 79735 zip code has the highest median property tax rate of 2.03%, while the 79735 zip code has the lowest median tax rate of 2.03%. Understanding how these cities compare with Fort Stockton provides valuable insights into the varying tax landscape across Pecos County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Stockton Tax Rate
2.03%
Average Pecos County Tax Rate
2.01%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Stockton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79735 | 1.29% | 1.60% | 2.03% | 2.34% | 2.34% |
Source: Ownwell
Property Tax Assessment Values Across Fort Stockton, Texas
In Fort Stockton, 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 Pecos 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 Fort Stockton, 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 Fort Stockton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1922 in zip code 79735, which is also the lowest median tax bill.
Average Fort Stockton Assessed Value
$110,280
Average Pecos County Assessed Value
$98,890
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Stockton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79735 | $23,100 | $56,200 | $110,280 | $176,100 | $242,934 |
Source: Ownwell
Property Tax Bills Across Fort Stockton, Texas
In Fort Stockton, located in Pecos County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Fort Stockton can expect their tax bills to vary significantly, with the 25th percentile at $971 and the 75th percentile at $3,399. The highest median tax bill in the area is $1,922, which interestingly, is also the lowest median tax bill, indicating a consistent rate across different properties. Various factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. These taxes fund essential public services such as schools, infrastructure, and emergency services. For homeowners, understanding these factors is crucial as it directly impacts their annual financial planning. Compared to the national median property tax rate of 0.99%, Fort Stockton's rates reflect the unique economic and market conditions of the region, making it essential for homeowners to stay informed and proactive about their property tax obligations.
Average Fort Stockton Tax Bill
$1,922
Average Pecos County Tax Bill
$1,702
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Stockton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79735 | $388 | $971 | $1,922 | $3,399 | $5,069 |
Source: Ownwell