Clay County, Texas Property Taxes
The median property tax rate in Clay County is 1.65%, which is significantly higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With the median home value in Clay County at $87,850, the typical annual property tax bill reaches $1,547, which is lower than the national median of $2,690. Property taxes in Clay County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Clay County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Henrietta or another part of Clay County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clay County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.65%
Estimate Property Tax Bill
$1,450
$1,345
Ownwell’s Clay County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Clay County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Clay County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Clay County, Texas
Property taxes in Clay County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Clay County is 1.65%, which is higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Clay County set these rates annually, and they can vary significantly between different areas within the county. Each year, Clay County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Clay County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Henrietta has one of the higher property tax rates in Texas at 2.14%, while the city of Bluegrove boasts one of the lowest at 1.21%. Analyzing how Clay County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Clay County Tax Rate
1.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clay County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellevue | 1.02% | 1.61% | 1.61% | 1.87% | 1.87% |
| Bluegrove | N/A | N/A | N/A | N/A | N/A |
| Bowie | 0.61% | 0.90% | 1.45% | 1.45% | 1.61% |
| Byers | 1.61% | 1.61% | 2.00% | 2.00% | 2.00% |
| Henrietta | 1.47% | 1.51% | 2.14% | 2.14% | 2.14% |
| Petrolia | 1.61% | 1.89% | 1.89% | 1.89% | 1.89% |
| Ringgold | N/A | N/A | N/A | N/A | N/A |
| Wichita Falls | 1.41% | 1.51% | 1.58% | 1.65% | 1.65% |
| Windthorst | 0.69% | 1.56% | 1.56% | 1.56% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Clay County, Texas
In Clay County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Clay County Appraisal District. The assessed value, however, 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 Clay County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the city of Windthorst has the highest median tax bill at $2,690, while Bluegrove has the lowest at $709. Being aware of these valuation processes in Clay County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Clay County Assessed Value
$87,850
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clay County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellevue | $6,340 | $28,150 | $78,700 | $172,760 | $273,850 |
| Bluegrove | N/A | N/A | N/A | N/A | N/A |
| Bowie | $23,480 | $42,950 | $132,720 | $261,872 | $361,093 |
| Byers | $6,914 | $32,620 | $73,270 | $135,170 | $203,906 |
| Henrietta | $8,550 | $21,742 | $83,165 | $172,562 | $273,444 |
| Petrolia | $2,660 | $8,815 | $43,560 | $94,990 | $142,490 |
| Ringgold | N/A | N/A | N/A | N/A | N/A |
| Wichita Falls | $8,550 | $37,442 | $123,765 | $240,958 | $345,729 |
| Windthorst | $26,128 | $96,165 | $180,270 | $256,495 | $374,244 |
Source: Ownwell
Property Tax Bills Across Clay County, Texas
In Clay County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the county’s tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in Clay County can expect a range of property tax bills, with the 25th percentile at $365 and the 75th percentile reaching $3,121. The tax bill can go as high as $4,980 for the 90th percentile. Notably, the city of Windthorst has the highest median tax bill at $2,690, while Bluegrove has the lowest at $709. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, Clay County’s tax rates can vary significantly, affecting homeowners differently based on their property’s assessed value.
Average Clay County Tax Bill
$1,547
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Clay County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellevue | $113 | $446 | $1,307 | $2,578 | $3,970 |
| Bluegrove | N/A | N/A | N/A | N/A | N/A |
| Bowie | $180 | $500 | $1,787 | $3,220 | $4,509 |
| Byers | $100 | $571 | $1,400 | $2,570 | $3,609 |
| Henrietta | $122 | $302 | $1,547 | $3,128 | $5,134 |
| Petrolia | $50 | $134 | $808 | $1,785 | $2,641 |
| Ringgold | N/A | N/A | N/A | N/A | N/A |
| Wichita Falls | $113 | $490 | $1,950 | $3,843 | $5,466 |
| Windthorst | $255 | $1,397 | $2,690 | $3,836 | $4,977 |
Source: Ownwell