Crosby County, Texas Property Taxes
The median property tax rate in Crosby County is 2.27%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $53,460 in Crosby County, the typical annual property tax bill is $1,091, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the actual market value due to exemptions like those for primary residences and agricultural properties. Understanding Crosby County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Crosbyton or another part of Crosby County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crosby County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.27%
Estimate Property Tax Bill
$1,214
$1,126
Ownwell’s Crosby County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Crosby County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Crosby 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 Crosby County, Texas
Property taxes in Crosby County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Crosby County is 2.27%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Crosby County set these rates annually, and they can vary significantly between different areas within the county. Each year, Crosby 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. The following data compares Crosby County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Lorenzo has one of the higher property tax rates in Texas at 2.42%, while the city of McAdoo boasts one of the lowest at 1.21%. Analyzing how Crosby County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Crosby County Tax Rate
2.27%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crosby County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crosbyton | 1.71% | 2.09% | 2.41% | 2.50% | 2.50% |
| Floydada | N/A | N/A | N/A | N/A | N/A |
| Lorenzo | 1.54% | 2.21% | 2.42% | 2.49% | 2.49% |
| Mcadoo | N/A | N/A | N/A | N/A | N/A |
| Petersburg | N/A | N/A | N/A | N/A | N/A |
| Post | N/A | N/A | N/A | N/A | N/A |
| Ralls | 1.30% | 1.62% | 2.20% | 2.27% | 2.27% |
| Slaton | N/A | N/A | N/A | N/A | N/A |
| Spur | 1.73% | 1.88% | 1.88% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Crosby County, Texas
In Crosby County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Crosby 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 Crosby 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. Being aware of these valuation processes in Crosby County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Crosby County, the city with the highest median tax bill is Post, where homeowners face an average tax bill of $2,382. Conversely, Spur has the lowest median tax bill at $824. With the national median property tax rate at 0.99%, knowing these details can help you make more informed decisions about your property taxes.
Average Crosby County Assessed Value
$53,460
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crosby County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crosbyton | $7,932 | $21,767 | $47,523 | $90,176 | $156,975 |
| Floydada | N/A | N/A | N/A | N/A | N/A |
| Lorenzo | $9,546 | $23,795 | $55,737 | $91,876 | $145,425 |
| Mcadoo | N/A | N/A | N/A | N/A | N/A |
| Petersburg | N/A | N/A | N/A | N/A | N/A |
| Post | N/A | N/A | N/A | N/A | N/A |
| Ralls | $11,404 | $32,368 | $59,055 | $97,472 | $145,171 |
| Slaton | N/A | N/A | N/A | N/A | N/A |
| Spur | $11,929 | $22,124 | $43,779 | $68,012 | $92,167 |
Source: Ownwell
Property Tax Bills Across Crosby County, Texas
In Crosby County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. The local tax rate is applied to this assessed value to calculate the tax bill. Factors such as the median home price, which is $53,460, play a significant role in determining the overall tax burden. Homeowners in Crosby County can expect varying tax bills depending on their property's value. For instance, the 25th percentile tax bill is around $534, while the 75th percentile tax bill is approximately $1,835. At the 90th percentile, homeowners might see tax bills as high as $2,807. Comparatively, the city of Post has the highest median tax bill at $2,382, whereas Spur has the lowest at $824. These property tax bills can significantly impact homeowners, influencing decisions on home purchases and financial planning. With the national median property tax rate at 0.99%, Crosby County's tax rates and home values offer a unique perspective on property tax burdens.
Average Crosby County Tax Bill
$1,091
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Crosby County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Crosbyton | $177 | $520 | $1,064 | $1,964 | $3,219 |
| Floydada | N/A | N/A | N/A | N/A | N/A |
| Lorenzo | $187 | $549 | $1,215 | $1,995 | $2,999 |
| Mcadoo | N/A | N/A | N/A | N/A | N/A |
| Petersburg | N/A | N/A | N/A | N/A | N/A |
| Post | N/A | N/A | N/A | N/A | N/A |
| Ralls | $197 | $593 | $1,126 | $1,830 | $2,638 |
| Slaton | N/A | N/A | N/A | N/A | N/A |
| Spur | $227 | $422 | $824 | $1,268 | $1,636 |
Source: Ownwell