Windthorst, Clay County, Texas Property Taxes
The median property tax rate in Windthorst, TX is 1.56%, notably higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With the median home value in Windthorst at $180,270, the typical annual property tax bill reaches $2,690, matching the national median. Property taxes in Windthorst 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 Windthorst'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 Windthorst 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
Windthorst, Clay County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$2,812
$2,610
Ownwell’s Windthorst Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Windthorst with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Windthorst 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 Windthorst, Clay County, Texas
Property taxes in Windthorst, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Windthorst is 1.56%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Windthorst set these rates annually, and they can vary significantly across different neighborhoods. Each year, Windthorst 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 Windthorst's effective property tax rate to other counties in Texas and the national median. For comparison, the 76389 zip code has the highest median property tax rate of 1.56%, while the same zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with Windthorst provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Windthorst Tax Rate
1.56%
Average Clay County Tax Rate
1.65%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Windthorst, Clay County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76389 | 0.69% | 1.56% | 1.56% | 1.56% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Windthorst, Clay County, Texas
In Windthorst, 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 Clay 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 Windthorst, 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. 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 Windthorst helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 76389, with an amount of $2,690.
Property Tax Assessment Values Across Windthorst, Clay County, Texas
Source: Ownwell
$43,560
$111,915
$180,270
Average Windthorst Assessed Value
$180,270
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 Windthorst, Clay County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76389 | $26,128 | $96,165 | $180,270 | $256,495 | $374,244 |
Source: Ownwell
Property Tax Bills Across Windthorst, Clay County, Texas
Property tax bills in Windthorst, located in Clay County, TX, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local appraisal district, which evaluates the market value of the property. This assessed value is then multiplied by the tax rate set by local taxing authorities, including school districts, municipalities, and other special districts. In Windthorst, the median home price is $180,270. Homeowners in the 25th percentile can expect a tax bill of approximately $1,397, while those in the 75th percentile might see bills around $3,836. The 90th percentile faces even higher bills, around $4,977. These figures illustrate the range of property tax burdens residents may encounter. Compared to the national median property tax rate of 0.99%, Windthorst’s property taxes can be relatively high, impacting homeowners' annual budgets significantly. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Windthorst Tax Bill
$2,690
Average Clay County Tax Bill
$1,547
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Windthorst, Clay County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76389 | $255 | $1,397 | $2,690 | $3,836 | $4,977 |
Source: Ownwell