Scotland, Texas Property Taxes
The median property tax rate in Scotland, TX is 1.44%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $99,120 in Scotland, the typical annual property tax bill is approximately $1,277, which is below the national median of $2,690. Property taxes in Scotland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Scotland'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 Scotland or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Scotland, 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 Scotland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scotland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scotland 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 Scotland, Texas
Property taxes in Scotland, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scotland is 1.44%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Scotland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scotland 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 Scotland's effective property tax rate to other counties in Texas and the national median. For comparison, the 76379 zip code has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Scotland 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 Scotland Tax Rate
1.44%
Average Archer County Tax Rate
1.73%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scotland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76379 | 1.14% | 1.25% | 1.44% | 1.54% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Scotland, Texas
In Scotland, 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. Assessment notices in Scotland 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 Scotland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Scotland, the highest median tax bill is found in the 76379 zip code, amounting to $1,277. The lowest median tax bill is also in the 76379 zip code, reflecting the same value. The median home price in Scotland is $99,120, with the 25th percentile tax bill at $548 and the 75th percentile tax bill at $2,188.
Average Scotland Assessed Value
$99,120
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 Scotland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76379 | $14,155 | $37,135 | $99,120 | $172,005 | $293,188 |
Source: Ownwell
Property Tax Bills Across Scotland, Texas
In Scotland, located in Archer County, TX, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. For instance, with a median home price of $99,120, the assessed value is used to determine the tax bill. The tax rate is applied to this assessed value to calculate the annual property tax bill. Several factors influence the final tax bill, including local tax rates and any applicable exemptions. Homeowners in Scotland experience a wide range of tax bills. For example, the 25th percentile tax bill is $548, while the 75th percentile reaches up to $2,188, and the 90th percentile can go as high as $3,722. These property taxes significantly impact homeowners, as they contribute to the funding of essential public services like schools, roads, and emergency services. Comparing these figures to the national median property tax rate of 0.99%, Scotland's property taxes can vary widely, affecting homeowners differently based on their property's assessed value and applicable exemptions.
Average Scotland Tax Bill
$1,277
Average Archer County Tax Bill
$2,292
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Scotland, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76379 | $224 | $548 | $1,277 | $2,188 | $3,722 |
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 |