Holliday, Texas Property Taxes
The median property tax rate in Holliday, TX is 1.78%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Holliday at $117,100, the typical annual property tax bill reaches $1,991, still below the national median of $2,690. Property taxes in Holliday are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Holliday'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 Holliday 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
Holliday, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.78%
Estimate Property Tax Bill
$2,084
$1,934
Ownwell’s HOLLIDAY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HOLLIDAY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HOLLIDAY 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 Holliday, Texas
Property taxes in Holliday, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holliday is 1.78%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Holliday set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holliday 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 Holliday's effective property tax rate to other counties in Texas and the national median. For comparison, the 76366 zip code has the highest median property tax rate of 1.78%, while the same zip code has the lowest median tax rate of 1.78%. Understanding how these cities compare with Holliday 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 Holliday Tax Rate
1.78%
Average Archer County Tax Rate
1.73%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holliday, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76366 | 1.22% | 1.57% | 1.78% | 2.25% | 2.25% |
Source: Ownwell
Property Tax Assessment Values Across Holliday, Texas
In Holliday, 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 Archer 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 Holliday, 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 Holliday helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Holliday are both $1,991, found in the 76366 zip code.
Average Holliday Assessed Value
$117,100
Average Archer County Assessed Value
$147,930
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Holliday, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76366 | $22,350 | $47,235 | $117,100 | $242,995 | $366,784 |
Source: Ownwell
Property Tax Bills Across Holliday, Texas
In Holliday, located in Archer County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $117,100, homeowners can expect varying tax bills depending on specific factors like property size, location, and improvements. Homeowners in Holliday experience a range of tax bills, with the 25th percentile paying around $786 annually, while those in the 75th percentile face bills of approximately $4,040. At the higher end, the 90th percentile sees tax bills reaching up to $6,494. The median property tax rate in Holliday is notably above the national median of 0.99%, impacting homeowners by requiring a more significant portion of their budget for property taxes. This variation in tax bills underscores the importance of understanding local property assessments and tax rates to anticipate annual expenses accurately.
Average Holliday Tax Bill
$1,991
Average Archer County Tax Bill
$2,292
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Holliday, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76366 | $428 | $786 | $1,991 | $4,040 | $6,494 |
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 | |
|---|---|
| Archer Appraisal District | |
| Website | www.archercad.org |