Wichita Falls, Clay County, Texas Property Taxes

Name: Property Tax Bills Across Wichita Falls, Clay County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Wichita Falls, TX effective property tax rate: 1.58%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Wichita Falls, TX home value: $123,765
Median annual Wichita Falls, TX tax bill: $1,950, $450 lower than the national median property tax bill of $2,400.

How are property taxes in Clay County calculated?

Property taxes in Wichita Falls, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Wichita Falls’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wichita Falls, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Wichita Falls, Clay County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.58%

Estimate Property Tax Bill

$1,955

$1,815

Ownwell’s Wichita Falls Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wichita Falls with just two data points. By entering your property's estimated assessed value, our calculator applies Wichita Falls’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Clay County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Wichita Falls, Clay County, Texas

Local government entities determine property tax rates, which can differ significantly within a state due to varying budgetary needs and property values. Each year, counties like Clay assess the necessary budget for public services and divide this by the total assessed value of all taxable properties in the area, resulting in the property tax rate. While the process involves voting and legal frameworks, this is the basic annual procedure for setting property tax rates.

In Wichita Falls, located in Clay County, the effective property tax rate is reflective of the county's financial requirements and property valuations. When compared to other cities in Texas, Wichita Falls' rate provides insight into how local economic factors influence taxation. The median property tax rate in Texas is notably higher than the national median of 1.02%, indicating a greater emphasis on property taxes for funding local services. For residents of Wichita Falls, understanding these rates is crucial for financial planning and assessing the impact of property taxes on homeownership.

Property Tax Rates Across Wichita Falls, Clay County, Texas

Source: Ownwell

1.45%

1.79%

2.14%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Wichita Falls Tax Rate

1.58%

Median Effective Clay County Tax Rate

1.65%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Wichita Falls, Clay County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
76301	N/A	N/A	N/A	N/A	N/A
76305	1.30%	1.56%	1.65%	1.65%	1.65%
76309	N/A	N/A	N/A	N/A	N/A
76310	1.51%	1.51%	1.58%	1.58%	1.58%

Source: Ownwell

Property Tax Assessment Values Across Wichita Falls, Clay County, Texas

When examining property taxes in Wichita Falls, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Clay County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Clay County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Wichita Falls.

For example, the median home price in Wichita Falls is $123,765, with tax bills ranging significantly across the county. Zip code 76305 has the highest median home price at $130,560.

Property Tax Assessment Values Across Wichita Falls, Clay County, Texas

Source: Ownwell

$43,560

$111,915

$180,270

Median Wichita Falls Market Value

$123,765

Median Clay County Market Value

$87,850

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Wichita Falls, Clay County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
76301	N/A	N/A	N/A	N/A	N/A
76305	$15,720	$49,612	$130,560	$239,595	$336,030
76309	N/A	N/A	N/A	N/A	N/A
76310	$7,480	$17,050	$108,260	$242,880	$367,508

Source: Ownwell

Property Tax Bills Across Wichita Falls, Clay County, Texas

In Wichita Falls, located in Clay County, TX, property tax bills are calculated based on the assessed value of a home. With a median home price of $123,765, homeowners often find their tax bills influenced by various factors, including local tax rates and property assessments. The median property tax bill in the area ranges significantly, with the 25th percentile at $490, while those at the 75th percentile pay around $3,843. This variation highlights the impact of different property values and local tax policies on homeowners. The highest median tax bill in the region is $2,075 in the 76305 zip code, contrasting with the lowest median tax bill of $1,649 in the 76310 zip code. These figures indicate that even within the same area, homeowners can experience different tax burdens. By leveraging professional property tax appeal and exemption services, homeowners can potentially reduce their tax bills. Ownwell's expertise in navigating local tax regulations can help homeowners ensure they are not overpaying on their property taxes, ultimately saving money.

Property Tax Bills Across Wichita Falls, Clay County, Texas

Source: Ownwell

$808

$1,749

$2,690

Median Wichita Falls Tax Bill

$1,950

Median Clay County Tax Bill

$1,547

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Wichita Falls, Clay County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
76301	N/A	N/A	N/A	N/A	N/A
76305	$170	$714	$2,075	$3,866	$5,404
76309	N/A	N/A	N/A	N/A	N/A
76310	$113	$162	$1,649	$3,827	$5,778

Source: Ownwell