Crane, Crane County, Texas Property Taxes

Name: Property Tax Bills Across Crane, Crane County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median CRANE, TX effective property tax rate: 2.21%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median CRANE, TX home value: $61,040
Median annual CRANE, TX tax bill: $1,255, $1,145 lower than the national median property tax bill of $2,400.

How are property taxes in CRANE calculated?

Property taxes in CRANE, TX 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 CRANE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in CRANE, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Crane, Crane County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.21%

Estimate Property Tax Bill

$1,349

$1,252

Ownwell’s Crane Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Crane with just two data points. By entering your property's estimated assessed value, our calculator applies Crane’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Crane County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Crane, Crane County, Texas

Local government entities in Texas, including those in Crane County, are responsible for setting property tax rates, which can differ significantly across the state. This variation occurs because each county annually determines its budgetary needs to fund essential services and divides this amount by the total assessed value of all taxable properties within its jurisdiction, resulting in the property tax rate. Although the process involves votes and legislative measures, this is essentially how tax rates are established each year.

In Crane, the effective property tax rate reflects this localized approach. When compared to other cities in Texas, Crane's tax rate provides a unique perspective on how property taxes are levied across the state. Interestingly, the median property tax rate in Crane County matches the highest and lowest rates within the same zip code, 79731, which is 2.21%. This rate is significantly higher than the national median property tax rate of 1.02%, illustrating the diverse landscape of property taxation in Texas. Understanding these differences can be crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Crane, Crane County, Texas

Source: Ownwell

1.83%

2.02%

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 Crane Tax Rate

2.21%

Median Effective Crane County Tax Rate

2.21%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Crane, Crane County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79731	1.61%	1.83%	2.21%	2.21%	2.21%

Source: Ownwell

Property Tax Assessment Values Across Crane, Crane County, Texas

When examining property taxes in Crane, TX, 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.

In Crane County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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.

For example, the median home price in Crane is $61,040, with tax bills ranging significantly across the county. Zip code 79731 has the highest median home price at $61,040.

Property Tax Assessment Values Across Crane, Crane County, Texas

Source: Ownwell

$43,370

$52,205

$61,040

Median Crane Market Value

$61,040

Median Crane County Market Value

$58,550

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Crane, Crane County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79731	$8,203	$25,122	$61,040	$127,588	$199,598

Source: Ownwell

Property Tax Bills Across Crane, Crane County, Texas

In Crane, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Crane can expect median property tax bills around $1,255, aligning with certain zip codes in the area. This is significantly lower than the national median property tax bill of $2,400, which can be a relief for homeowners. However, factors such as the size of the property, location, and local tax rates can influence the final tax bill. For homeowners looking to save on their property tax bills, Ownwell offers expert services to appeal property assessments and secure exemptions. By leveraging local expertise and understanding of the tax system, Ownwell can help homeowners potentially reduce their tax liabilities, ensuring they pay no more than their fair share. This can lead to significant savings, providing financial relief and peace of mind.

Property Tax Bills Across Crane, Crane County, Texas

Source: Ownwell

$642

$949

$1,255

Median Crane Tax Bill

$1,255

Median Crane County Tax Bill

$1,161

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Crane, Crane County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79731	$156	$477	$1,255	$2,636	$4,053

Source: Ownwell

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Dates

Links
Crane Appraisal District
Website	www.cranecad.org