Reeves County Property Taxes
The median property tax rate in Reeves County is 2.02%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $66,998, the typical annual property tax bill in Reeves County is approximately $1,283, which is below the national median of $2,690. Property taxes in Reeves County are calculated based on the assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding the specific property tax system in Reeves County, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Pecos or another part of Reeves County, gaining a thorough understanding of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Reeves County 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 Reeves County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Reeves County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Reeves County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Reeves County, Texas
Property taxes in Reeves County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Reeves County is 2.02%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Reeves County set these rates annually, and they can vary significantly between different areas within the county. Each year, Reeves County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Reeves County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Pecos has one of the higher property tax rates in Texas at 2.09%, while the city of Verhalen boasts one of the lowest at 1.06%. Analyzing how Reeves County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Reeves County Tax Rate
2.02%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reeves County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Balmorhea | 0.93% | 1.67% | 1.98% | 2.00% | 2.00% |
| Orla | 0.33% | 0.70% | 1.29% | 1.68% | 1.68% |
| Pecos | 1.03% | 1.58% | 2.09% | 2.09% | 2.09% |
| Saragosa | 0.83% | 1.58% | 1.68% | 1.68% | 1.68% |
| Toyah | 1.29% | 1.75% | 1.78% | 1.78% | 1.78% |
| Toyahvale | 1.21% | 1.21% | 1.21% | 1.21% | 1.21% |
| Verhalen | 0.57% | 0.76% | 1.06% | 1.37% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Reeves County, Texas
In Reeves County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Reeves County Appraisal District. The assessed value, however, 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 in Reeves County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the highest median tax bill in Reeves County is $3,217 in Toyahvale, while the lowest is $136 in Orla. Being aware of these valuation processes in Reeves County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Reeves County Assessed Value
$66,998
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Reeves County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Balmorhea | $11,902 | $20,209 | $41,159 | $72,738 | $131,693 |
| Orla | $11,911 | $26,434 | $41,297 | $61,816 | $72,895 |
| Pecos | $20,744 | $37,512 | $72,209 | $132,646 | $203,555 |
| Saragosa | $16,992 | $24,914 | $49,470 | $57,944 | $99,783 |
| Toyah | $3,702 | $6,742 | $21,708 | $47,414 | $68,793 |
| Toyahvale | $266,308 | $266,308 | $266,308 | $266,308 | $266,308 |
| Verhalen | $46,095 | $46,851 | $48,111 | $264,854 | $394,901 |
Source: Ownwell
Property Tax Bills Across Reeves County, Texas
In Reeves County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The assessed value is then multiplied by the local tax rate to determine the tax bill. For homeowners in Reeves County, the median home price is $66,998, resulting in a range of property tax bills. At the 25th percentile, homeowners can expect to pay around $669, while those at the 75th percentile may see bills as high as $2,282. For the top 10% of properties, tax bills can reach up to $3,713. The highest median tax bill in the county is found in Toyahvale, at $3,217, whereas Orla boasts the lowest median tax bill at just $136. Compared to the national median property tax rate of 0.99%, Reeves County offers a diverse range of tax bills, significantly impacting homeowners based on their property's assessed value and location within the county.
Average Reeves County Tax Bill
$1,283
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
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 | |
|---|---|
| Reeves Appraisal District | |
| Website | esearch.reevescad.org |