Collingsworth County, Texas Property Taxes
The median property tax rate in Collingsworth County is 2.30%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Collingsworth County, the typical annual property tax bill reaches $810, which is below the national median of $2,690. Property taxes in Collingsworth 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 Collingsworth 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 Wellington or another part of Collingsworth County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Collingsworth County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.3%
Estimate Property Tax Bill
$882
$818
Ownwell’s Collingsworth County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Collingsworth County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Collingsworth 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 Collingsworth County, Texas
Property taxes in Collingsworth County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Collingsworth County is 2.30%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Collingsworth County set these rates annually, and they can vary significantly between different areas within the county. Each year, Collingsworth 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. For comparison, the city of Dodson has one of the higher property tax rates in Texas at 2.49%, while the city of McLean boasts one of the lowest at 1.33%. Analyzing how Collingsworth County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Collingsworth County Tax Rate
2.30%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Collingsworth County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dodson | 1.49% | 1.97% | 2.49% | 2.49% | 2.49% |
| Mclean | N/A | N/A | N/A | N/A | N/A |
| Memphis | N/A | N/A | N/A | N/A | N/A |
| Quail | 1.36% | 1.61% | 1.77% | 2.02% | 2.02% |
| Samnorwood | N/A | N/A | N/A | N/A | N/A |
| Shamrock | 1.50% | 1.74% | 1.87% | 2.08% | 2.08% |
| Wellington | 1.79% | 2.05% | 2.44% | 2.44% | 2.44% |
Source: Ownwell
Property Tax Assessment Values Across Collingsworth County, Texas
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Collingsworth County, Texas. The market value represents the price a willing buyer would pay to a willing seller in an open market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Collingsworth 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 Collingsworth 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. In Collingsworth County, Shamrock has the highest median tax bill at $1,496, while Dodson has the lowest at $312. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Collingsworth County, Texas
Source: Ownwell
$18,020
$50,790
$83,560
Average Collingsworth County Assessed Value
$38,340
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Collingsworth County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dodson | $1,688 | $7,430 | $18,020 | $68,660 | $138,456 |
| Mclean | N/A | N/A | N/A | N/A | N/A |
| Memphis | N/A | N/A | N/A | N/A | N/A |
| Quail | $12,921 | $36,618 | $57,940 | $121,695 | $152,343 |
| Samnorwood | N/A | N/A | N/A | N/A | N/A |
| Shamrock | $22,108 | $36,225 | $83,560 | $152,150 | $256,110 |
| Wellington | $5,182 | $14,870 | $41,280 | $98,445 | $162,046 |
Source: Ownwell
Property Tax Bills Across Collingsworth County, Texas
Property tax bills in Collingsworth County, Texas, are calculated based on the assessed value of a property 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 Collingsworth County experience varying tax bills based on this assessed value. For instance, the median home price in the county is $38,340, which significantly influences the tax amount. The tax bill is further influenced by the specific tax rates set by local taxing authorities, which can vary within the county. In Collingsworth County, the tax bills range significantly: the 25th percentile tax bill is around $302, while the 75th percentile reaches up to $1,942. The highest median tax bill in the county is found in Shamrock at $1,496, whereas Dodson has the lowest at $312. These property taxes play a crucial role in funding public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners.
Average Collingsworth County Tax Bill
$810
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Collingsworth County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dodson | $28 | $133 | $312 | $1,317 | $2,604 |
| Mclean | N/A | N/A | N/A | N/A | N/A |
| Memphis | N/A | N/A | N/A | N/A | N/A |
| Quail | $260 | $571 | $1,019 | $1,903 | $2,604 |
| Samnorwood | N/A | N/A | N/A | N/A | N/A |
| Shamrock | $270 | $746 | $1,496 | $2,705 | $4,075 |
| Wellington | $120 | $349 | $880 | $1,994 | $3,231 |
Source: Ownwell