Windthorst, Texas Property Taxes
The median property tax rate in Windthorst, TX is 1.92%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Windthorst at $375,050, the typical annual property tax bill reaches $7,220, exceeding the national median of $2,690. Property taxes in Windthorst 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 Windthorst'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 Windthorst 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
Windthorst, 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 Windthorst Property Tax Bill Calculator assists any homeowner, real estate investor, or potential buyer in estimating their annual property taxes in Windthorst with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Windthorst 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 Windthorst, Texas
Property taxes in Windthorst, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Windthorst is 1.92%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Windthorst set these rates annually, and they can vary significantly across different neighborhoods. Each year, Windthorst 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 Windthorst's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 76389 has the highest median property tax rate of 1.92%, while the same zip code also has the lowest median tax rate of 1.92%. Understanding how these cities compare with Windthorst provides valuable insights into the varying tax landscape across Archer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Windthorst Tax Rate
1.92%
Average Young County Tax Rate
2.25%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Windthorst, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76389 | 1.92% | 1.92% | 1.92% | 1.92% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Windthorst, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Windthorst, Texas. 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 Young 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 in Windthorst 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. The median home price in Windthorst stands at $375,050, with the highest and lowest median tax bills both recorded at $7,220 in the 76389 zip code. 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 Windthorst helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Windthorst Assessed Value
$375,050
Average Young County Assessed Value
$91,060
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Windthorst, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76389 | $375,050 | $375,050 | $375,050 | $375,050 | $375,050 |
Source: Ownwell
Property Tax Bills Across Windthorst, Texas
In Windthorst, TX, property tax bills are calculated based on the assessed value of a home, which is determined by local appraisal districts. The median home price in Windthorst is $375,050, and the property tax rate in Young County significantly impacts homeowners. The tax bill is calculated by multiplying the assessed value of the property by the local tax rate. Various factors, such as property size, location, and market conditions, influence the assessed value. Homeowners in Windthorst face a median property tax bill of $7,220, which is notably higher than the national median property tax rate of 0.99%. This substantial tax burden can affect homeowners' budgets, influencing their decisions on property investments and home improvements. Understanding how these taxes are calculated and what factors contribute to the assessed value can help homeowners better manage their financial planning and potentially explore options for tax appeals or exemptions.
Average Windthorst Tax Bill
$7,220
Average Young County Tax Bill
$1,705
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Windthorst, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76389 | $7,220 | $7,220 | $7,220 | $7,220 | $7,220 |
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 | |
|---|---|
| Young Appraisal District | |
| Website | esearch.youngcad.org |