Whiteface, Texas Property Taxes
The median property tax rate in Whiteface, TX is 3.52%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Whiteface at $15,841, the typical annual property tax bill reaches $576, which is well below the national median of $2,690. Property taxes in Whiteface 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 Whiteface'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 Whiteface or another part of Cochran County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Whiteface, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.52%
Estimate Property Tax Bill
$558
$517
Ownwell’s Whiteface Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whiteface with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whiteface 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 Whiteface, Texas
Property taxes in Whiteface, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whiteface is 3.52%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Whiteface set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whiteface 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 Whiteface's effective property tax rate to other counties in Texas and the national median. For comparison, the 79379 zip code has the highest median property tax rate of 3.52%, while also having the lowest median tax rate of 3.52%. Understanding how these cities compare with Whiteface provides valuable insights into the varying tax landscape across Cochran County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whiteface Tax Rate
3.52%
Average Cochran County Tax Rate
3.27%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whiteface, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79379 | 2.72% | 3.26% | 3.52% | 4.47% | 4.55% |
Source: Ownwell
Property Tax Assessment Values Across Whiteface, Texas
In Whiteface, 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 Cochran 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 in Whiteface 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 example, the median home price in Whiteface is $15,841, with tax bills ranging from $194 at the 25th percentile to $1,142 at the 75th percentile and $1,991 at the 90th percentile. The zip code 79379 has the highest and lowest median tax bill at $576. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, or apply for exemptions to effectively manage the tax burden.
Average Whiteface Assessed Value
$15,841
Average Cochran County Assessed Value
$14,911
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whiteface, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79379 | $1,199 | $5,512 | $15,841 | $37,618 | $63,906 |
Source: Ownwell
Property Tax Bills Across Whiteface, Texas
In Whiteface, Cochran County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners in Whiteface experience varying tax bills, with the 25th percentile at $194 and the 75th percentile reaching $1,142. The highest median tax bill in the area is $576, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the property's location, size, and improvements. Additionally, local tax rates set by school districts, municipalities, and other taxing entities play a crucial role. For homeowners, this means that property taxes can have a substantial impact on their annual expenses, potentially affecting their financial planning and homeownership costs. Understanding these factors can help homeowners anticipate their property tax obligations and manage their budgets more effectively.
Average Whiteface Tax Bill
$576
Average Cochran County Tax Bill
$427
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Whiteface, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79379 | $54 | $194 | $576 | $1,142 | $1,991 |
Source: Ownwell