Scroggins, Texas Property Taxes
The median property tax rate in Scroggins, TX is 0.61%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Scroggins at $242,840, the typical annual property tax bill is $1,368, which is well below the national median of $2,690. Property taxes in Scroggins are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Scroggins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Scroggins or another part of Wood County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Scroggins, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$1,481
$1,371
Ownwell’s Scroggins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scroggins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scroggins 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 Scroggins, Texas
Property taxes in Scroggins, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scroggins is 0.61%, lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Scroggins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scroggins 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 Scroggins's effective property tax rate to other counties in Texas and the national median. For comparison, the 75480 zip code has the highest median property tax rate of 0.61%, while the lowest median tax rate is also 0.61%. Understanding how these cities compare with Scroggins provides valuable insights into the varying tax landscape across Wood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Scroggins Tax Rate
0.61%
Average Wood County Tax Rate
0.67%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scroggins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75480 | 0.19% | 0.37% | 0.61% | 0.89% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Scroggins, Texas
In Scroggins, 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 Wood 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 Scroggins, 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. For instance, the highest median tax bill in the area is $1,368 in the 75480 zip code, while the lowest is also $1,368 in the same zip code. Being aware of these valuation processes in Scroggins helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Scroggins Assessed Value
$242,840
Average Wood County Assessed Value
$164,060
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Scroggins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75480 | $93,974 | $132,805 | $242,840 | $381,480 | $395,180 |
Source: Ownwell
Property Tax Bills Across Scroggins, Texas
In Scroggins, located in Wood County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal district. This assessed value is then multiplied by the local property tax rate. For example, if the median home price in Scroggins is $242,840, the tax bill can vary significantly depending on the specific assessed value and applicable tax rate. Homeowners in Scroggins can expect their tax bills to range widely. The 25th percentile tax bill is approximately $657, while the 75th percentile tax bill reaches around $2,352. For those in the 90th percentile, tax bills can be as high as $3,938. These figures illustrate the variability in property tax obligations, which are influenced by factors such as property size, location, and any applicable exemptions. The property tax rate in Scroggins is notably lower than the national median property tax rate of 0.99%, which can be a significant consideration for homeowners evaluating their overall financial commitments.
Average Scroggins Tax Bill
$1,368
Average Wood County Tax Bill
$816
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Scroggins, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75480 | $223 | $657 | $1,368 | $2,352 | $3,938 |
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 | |
|---|---|
| Wood Appraisal District | |
| Website | esearch.woodcad.net |