Childress, Childress County, Texas Property Taxes
The median property tax rate in Childress, TX is 2.33%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Childress at $64,137, the typical annual property tax bill reaches $1,380, which is below the national median of $2,690. Property taxes in Childress 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 Childress'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 Childress 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
Childress, Childress County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.33%
Estimate Property Tax Bill
$1,494
$1,387
Ownwell’s Childress Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Childress with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Childress 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 Childress, Childress County, Texas
Property taxes in Childress, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Childress is 2.33%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Childress set these rates annually, and they can vary significantly across different neighborhoods. Each year, Childress 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 Childress's effective property tax rate to other counties in Texas and the national median. For comparison, the 79201 zip code has the highest median property tax rate of 2.33%, while the 79201 zip code also has the lowest median tax rate of 2.33%. Understanding how these cities compare with Childress provides valuable insights into the varying tax landscape across Childress County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Childress Tax Rate
2.33%
Average Childress County Tax Rate
2.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Childress, Childress County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79201 | 1.55% | 2.33% | 2.33% | 2.33% | 2.33% |
Source: Ownwell
Property Tax Assessment Values Across Childress, Childress County, Texas
In Childress, 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 Childress 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 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 Childress is $64,137, and property tax bills can vary significantly. For instance, the median tax bill in the 25th percentile is $650, while in the 75th percentile, it reaches $2,470. The highest and lowest median tax bills are both $1,380 in the 79201 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Childress, Childress County, Texas
Source: Ownwell
$64,137
$64,137
$64,137
Average Childress Assessed Value
$64,137
Average Childress County Assessed Value
$64,376
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Childress, Childress County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79201 | $11,024 | $30,567 | $64,137 | $116,006 | $185,666 |
Source: Ownwell
Property Tax Bills Across Childress, Childress County, Texas
In Childress, TX, property tax bills are calculated based on the assessed value of a homeowner's property and the local tax rate. The assessed value is determined by the local appraisal district and reflects the market value of the property. Homeowners in Childress typically see a range of tax bills. For instance, those at the 25th percentile pay around $650, while those at the 75th percentile face bills closer to $2,470. At the higher end, the 90th percentile tax bill can reach up to $3,878. These tax bills are influenced by various factors, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the rates in Childress can significantly impact homeowners' finances, especially given the median home price of $64,137. Understanding how these factors interplay helps homeowners anticipate their annual property tax obligations and plan accordingly.
Average Childress Tax Bill
$1,380
Average Childress County Tax Bill
$1,381
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Childress, Childress County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79201 | $222 | $650 | $1,380 | $2,470 | $3,878 |
Source: Ownwell