Shamrock, Collingsworth County, Texas Property Taxes
The median property tax rate in Shamrock, TX is 1.87%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Shamrock at $83,560, the typical annual property tax bill reaches $1,496, still below the national median of $2,690. Property taxes in Shamrock are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Shamrock'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 Shamrock 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
Shamrock, Collingsworth County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.87%
Estimate Property Tax Bill
$1,563
$1,450
Ownwell’s Shamrock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shamrock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shamrock 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 Shamrock, Collingsworth County, Texas
Property taxes in Shamrock, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shamrock is 1.87%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Shamrock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shamrock 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 Shamrock's effective property tax rate to other counties in Texas and the national median. For comparison, the 79079 zip code has the highest median property tax rate of 1.87%, while the same zip code has the lowest median tax rate of 1.87%. Understanding how these cities compare with Shamrock provides valuable insights into the varying tax landscape across Collingsworth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shamrock Tax Rate
1.87%
Average Collingsworth County Tax Rate
2.30%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shamrock, Collingsworth County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79079 | 1.50% | 1.74% | 1.87% | 2.08% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across Shamrock, Collingsworth County, Texas
In Shamrock, 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 Collingsworth 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 Shamrock, 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 Shamrock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,496 in the 79079 zip code, which is also the lowest median tax bill. The median home price is $83,560, with tax bills ranging from $746 at the 25th percentile to $4,075 at the 90th percentile.
Property Tax Assessment Values Across Shamrock, Collingsworth County, Texas
Source: Ownwell
$18,020
$50,790
$83,560
Average Shamrock Assessed Value
$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 Shamrock, Collingsworth County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79079 | $22,108 | $36,225 | $83,560 | $152,150 | $256,110 |
Source: Ownwell
Property Tax Bills Across Shamrock, Collingsworth County, Texas
In Shamrock, located in Collingsworth County, TX, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of the property. This value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Shamrock is $83,560, which is significantly lower than the national median. Homeowners in Shamrock can expect their property tax bills to vary widely. For instance, at the 25th percentile, the tax bill is approximately $746, while at the 75th percentile, it rises to around $2,705. For those at the 90th percentile, the tax bill can reach up to $4,075. These variations depend on factors such as property size, location, and any applicable exemptions. Understanding how these elements influence property taxes can help homeowners better anticipate their annual expenses and manage their budgets effectively.
Average Shamrock Tax Bill
$1,496
Average Collingsworth County Tax Bill
$810
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Shamrock, Collingsworth County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79079 | $270 | $746 | $1,496 | $2,705 | $4,075 |
Source: Ownwell