Crane County, Texas Property Taxes
Median Crane County effective property tax rate: 2.21%, significantly higher than the national median of 1.02%.
Median Crane County home value: $58,550
Median annual Crane County tax bill: $1,161, $1,239 lower than the national median property tax bill of $2,400.
How are property taxes in Crane County calculated?
Property taxes in Crane County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Crane or another part of Crane County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Crane County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.21%
Estimate Property Tax Bill
$1,294
$1,201
Property Tax Rates Across Crane County, Texas
Local government entities in Texas set property tax rates, which can vary significantly across the state. Each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
Crane County's effective property tax rate stands out within Texas. With a median tax rate of 2.21%, it is higher than the national median property tax rate of 1.02%. This places a significant financial responsibility on homeowners in the area compared to the national average. Moreover, within Crane County, the city of Crane itself has the highest median tax rate, reinforcing the county's overall higher tax burden. In contrast, Odessa offers some relief with the lowest median tax rate of 1.83% in the county. Comparing these rates to the national median property tax bill of $2400 underscores the variability and potential impact on property owners in this region.
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 Crane County Tax Rate
2.21%
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 Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Assessment Values Across Crane County, Texas
When examining property taxes in Crane County, 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 Crane 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.
Assessment notices in Crane County 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 Crane County. For example, the median tax bill in Crane County is $1,255, with tax bills ranging significantly across the county. Crane has the highest median home price at $61,040.
Median Crane County Market Value
$58,550
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Bills Across Crane County, Texas
Median Crane County Tax Bill
$1,161
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
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Links | |
|---|---|
| Crane Appraisal District | |
| Website | www.cranecad.org |