Wildorado, Texas Property Taxes
The median property tax rate in Wildorado, TX is 1.28%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Wildorado, the typical annual property tax bill reaches $2,872, surpassing the national median of $2,690. Property taxes in Wildorado are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wildorado'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 Wildorado or another part of Randall County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wildorado, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Wildorado, Texas Tax Savings
Ownwell’s Wildorado Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wildorado with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wildorado 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 Wildorado. 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 Wildorado, Texas
Property taxes in Wildorado, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wildorado is 1.28%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Wildorado set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wildorado 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 Wildorado's effective property tax rate to other counties in Texas and the national median. For comparison, the 79098 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Wildorado provides valuable insights into the varying tax landscape across Randall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wildorado Tax Rate
1.28%
Average Randall County Tax Rate
1.78%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wildorado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79098 | 0.99% | 1.03% | 1.28% | 1.40% | 1.46% |
Source: Ownwell
$1,148
Average Wildorado Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Wildorado, Texas
In Wildorado, 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 Randall 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. 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. For instance, in Wildorado, the median home price is $235,863, with tax bills ranging from $1,436 at the 25th percentile to $6,274 at the 90th percentile. The highest and lowest median tax bills both stand at $2,872 in zip code 79098. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, or apply for exemptions to effectively manage their tax burden.
Average Wildorado Assessed Value
$235,863
Average Randall County Assessed Value
$225,053
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wildorado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79098 | $66,652 | $96,186 | $235,863 | $364,234 | $389,905 |
Source: Ownwell
$1,148
Average Wildorado Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Wildorado, Texas
Property tax bills in Wildorado, located in Randall County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Factors such as property size, location, and improvements can influence this value. Homeowners in Wildorado can expect their property tax bills to vary significantly, with amounts ranging from $1,436 at the 25th percentile to $6,274 at the 90th percentile. The median home price in the area is $235,863, and the median property tax bill stands at $2,872, which is lower than the national median property tax rate of 0.99%. Ownwell helps homeowners save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies or overvaluations, Ownwell can assist in reducing the assessed value, thereby lowering the overall tax burden. This can result in substantial savings for homeowners, making property ownership more affordable.
Average Wildorado Tax Bill
$2,872
Average Randall County Tax Bill
$4,007
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Wildorado, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79098 | $984 | $1,436 | $2,872 | $4,900 | $6,274 |
Source: Ownwell
$1,148
Average Wildorado 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 | |
|---|---|
| Randall Appraisal District | |
| Website | www.prad.org |
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