Andrews, Andrews County, Texas Property Taxes
The median property tax rate in Andrews, TX is 1.66%, slightly lower than the Texas state median of 1.67% but still considerably higher than the national median of 0.99%. With a median home value of $123,916 in Andrews, the typical annual property tax bill amounts to $1,992, which is below the national median of $2,690. Property taxes in Andrews 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 Andrews'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 Andrews 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
Andrews, Andrews County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$2,057
$1,909
Ownwell’s Andrews Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Andrews with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Andrews 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 Andrews, Andrews County, Texas
Property taxes in Andrews, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Andrews is 1.66%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Andrews set these rates annually, and they can vary significantly across different neighborhoods. Each year, Andrews 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 Andrews' effective property tax rate to other counties in Texas and the national median. For comparison, the 79714 zip code has the highest median property tax rate of 1.66%, while the 79714 zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with Andrews provides valuable insights into the varying tax landscape across Andrews County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Andrews Tax Rate
1.66%
Average Andrews County Tax Rate
1.66%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Andrews, Andrews County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79714 | 1.48% | 1.48% | 1.66% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Andrews, Andrews County, Texas
In Andrews, 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 Andrews 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 Andrews, 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 Andrews helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Andrews is 79714, with a median tax bill of $1,992.
Property Tax Assessment Values Across Andrews, Andrews County, Texas
Source: Ownwell
$123,916
$123,916
$123,916
Average Andrews Assessed Value
$123,916
Average Andrews County Assessed Value
$123,916
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Andrews, Andrews County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79714 | $22,753 | $60,194 | $123,916 | $220,617 | $344,985 |
Source: Ownwell
Property Tax Bills Across Andrews, Andrews County, Texas
Property tax bills in Andrews, TX, are calculated based on the assessed value of your property and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of your home. For instance, the median home price in Andrews is $123,916. The local tax rate is then applied to this assessed value to calculate your annual tax bill. Homeowners in Andrews can expect a wide range of tax bills. For instance, the tax bill for the 25th percentile is $913, while those in the 75th percentile pay around $3,569. At the higher end, the 90th percentile sees tax bills up to $5,466. These figures highlight the variability in property taxes based on home values and specific property characteristics. Compared to the national median property tax rate of 0.99%, Andrews homeowners experience a diverse range of tax obligations. Understanding these factors can help homeowners anticipate their annual tax responsibilities and plan their finances accordingly.
Average Andrews Tax Bill
$1,992
Average Andrews County Tax Bill
$1,992
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Andrews, Andrews County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79714 | $321 | $913 | $1,992 | $3,569 | $5,466 |
Source: Ownwell