Claude, Texas Property Taxes
The median property tax rate in Claude, TX is 1.74%, higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $112,350, the typical annual property tax bill in Claude reaches $1,620, which is below the national median of $2,690. Property taxes in Claude are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Claude'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 Claude or another part of Armstrong County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Claude, 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 Claude Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Claude with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Claude 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 Claude, Texas
Property taxes in Claude, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Claude is 1.74%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Claude set these rates annually, and they can vary significantly across different neighborhoods. Each year, Claude 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 Claude's effective property tax rate to other counties in Texas and the national median. For comparison, the 79019 zip code has the highest median property tax rate of 1.74%, while the same zip code also has the lowest median tax rate of 1.74%. Understanding how these cities compare with Claude provides valuable insights into the varying tax landscape across Armstrong County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Claude Tax Rate
1.74%
Average Armstrong County Tax Rate
1.68%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Claude, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79019 | 1.03% | 1.24% | 1.74% | 1.92% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Claude, Texas
In Claude, 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 Armstrong 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 Claude, 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. For instance, the median home price in Claude is $112,350, with the 25th percentile tax bill at $862 and the 75th percentile tax bill at $3,015. The highest median tax bill in the area is $1,620 in the 79019 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 Claude helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Claude Assessed Value
$112,350
Average Armstrong County Assessed Value
$115,295
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Claude, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79019 | $30,116 | $56,005 | $112,350 | $207,235 | $302,176 |
Source: Ownwell
Property Tax Bills Across Claude, Texas
In Claude, located in Armstrong County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Claude is $112,350, and the property tax rate is determined by local taxing authorities. Homeowners can expect to pay a property tax bill that varies significantly depending on their property's assessed value. For instance, the 25th percentile tax bill is $862, while the 75th percentile tax bill is $3015. At the higher end, the 90th percentile tax bill can reach up to $4411. These figures illustrate the range of property tax liabilities homeowners might face. The highest median tax bill in the area is $1620, and interestingly, this figure is consistent across the zip code 79019. Understanding these factors is crucial for homeowners, as property taxes can significantly impact annual housing costs. Compared to the national median property tax rate of 0.99%, Claude's property tax rates can vary widely, influencing financial planning and homeownership affordability.
Average Claude Tax Bill
$1,620
Average Armstrong County Tax Bill
$1,603
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Claude, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79019 | $506 | $862 | $1,620 | $3,015 | $4,411 |
Source: Ownwell