Crosbyton, Crosby County, Texas Property Taxes

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

Median Crosbyton, TX effective property tax rate: 2.41%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Crosbyton, TX home value: $47,523
Median annual Crosbyton, TX tax bill: $1,064, $1,336 lower than the national median property tax bill of $2,400.

How are property taxes in Crosby calculated?

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

Last Updated March 1, 2025

Crosbyton, Crosby County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.41%

Estimate Property Tax Bill

$1,145

$1,063

Ownwell’s Crosbyton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Crosbyton with just two data points. By entering your property's estimated assessed value, our calculator applies Crosbyton’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 Crosby County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Crosbyton, Crosby County, Texas

Local government entities are responsible for setting property tax rates, which can vary significantly across different regions within a state. Annually, each county determines its necessary budget to maintain public services and divides this amount by the total assessed value of all taxable properties within its boundaries. This calculation establishes the property tax rate. While the process involves votes and legislative measures to finalize tax rates and budgets, this is the basic annual procedure.

In Crosbyton, located in Crosby County, Texas, the effective property tax rate is notably higher than the national median rate of 1.02%. This makes Crosbyton's property tax rate one of the highest not only in Texas but also across the United States. Comparing this with other cities in Texas, Crosbyton stands out with its elevated tax rates. The median property tax rate in Texas is generally lower than Crosbyton's, highlighting the variance within the state itself. By understanding these differences, property owners can better navigate the complexities of property taxes and make informed decisions regarding potential appeals or exemptions.

Property Tax Rates Across Crosbyton, Crosby County, Texas

Source: Ownwell

1.88%

2.15%

2.42%

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 Crosbyton Tax Rate

2.41%

Median Effective Crosby County Tax Rate

2.27%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Crosbyton, Crosby County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79322	1.71%	2.09%	2.41%	2.50%	2.50%

Source: Ownwell

Property Tax Assessment Values Across Crosbyton, Crosby County, Texas

When examining property taxes in Crosbyton, Texas, 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 Crosby 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 Crosby 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 Crosbyton. For example, the median home price in Crosbyton is $47,523, with tax bills ranging significantly across the county. The 79322 zip code has the highest median home price at $47,523.

Property Tax Assessment Values Across Crosbyton, Crosby County, Texas

Source: Ownwell

$43,779

$51,417

$59,055

Median Crosbyton Market Value

$47,523

Median Crosby County Market Value

$53,460

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Crosbyton, Crosby County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79322	$7,932	$21,767	$47,523	$90,176	$156,975

Source: Ownwell

Property Tax Bills Across Crosbyton, Crosby County, Texas

In Crosbyton, located in Crosby County, Texas, property tax bills are calculated based on the assessed value of a property, which is determined by the local appraisal district. The median home price in this area is $47,523, significantly lower than the national median, resulting in relatively modest property tax bills. The tax bill for homeowners in Crosbyton can vary widely, with the 25th percentile at $520 and the 90th percentile reaching up to $3,219. These figures are influenced by factors such as property size, location, and any applicable exemptions. Homeowners may find these taxes burdensome, especially if their property is overvalued. This is where Ownwell comes in. By offering professional property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed, potentially reducing their tax burden. With expertise in navigating the complexities of property tax assessments, Ownwell can assist in lowering tax bills, providing financial relief to Crosbyton homeowners.

Property Tax Bills Across Crosbyton, Crosby County, Texas

Source: Ownwell

$824

$1,020

$1,215

Median Crosbyton Tax Bill

$1,064

Median Crosby County Tax Bill

$1,091

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Crosbyton, Crosby County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79322	$177	$520	$1,064	$1,964	$3,219

Source: Ownwell