Stratford, Texas Property Taxes
The median property tax rate in Stratford, TX is 0.95%, slightly below the national median of 0.99% and significantly lower than the Texas state median of 1.67%. With the median home value in Stratford being $320,510, the typical annual property tax bill reaches $3,787, which is considerably higher than the national median of $2,690. Property taxes in Stratford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Stratford'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 Stratford 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
Stratford, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$3,045
$2,817
Ownwell’s Stratford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stratford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stratford 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 Stratford, Texas
Property taxes in Stratford, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stratford is 1.13%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Stratford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stratford 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 Stratford's effective property tax rate to other counties in Texas and the national median. For comparison, the 79084 zip code has the highest median property tax rate of 1.13%, while the 79084 zip code has the lowest median tax rate of 1.13%. Understanding how these cities compare with Stratford provides valuable insights into the varying tax landscape across Sherman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stratford Tax Rate
0.95%
Average Dallam County Tax Rate
1.99%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stratford, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79084 | 0.58% | 0.62% | 0.95% | 1.19% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Stratford, Texas
In Stratford, 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 Dallam 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 Stratford, 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. For instance, the highest median tax bill in Stratford is $3,787 in zip code 79084. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stratford Assessed Value
$320,510
Average Dallam County Assessed Value
$88,040
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stratford, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79084 | $88,494 | $146,260 | $320,510 | $602,770 | $882,466 |
Source: Ownwell
Property Tax Bills Across Stratford, Texas
In Stratford, located in Dallam County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate. The median home price in Stratford is $320,510, and the median property tax rate in Texas is 1.81%, which is higher than the national median of 0.99%. For homeowners, this means that the typical property tax bill can vary significantly. For instance, at the 25th percentile, tax bills are around $3,088, while at the 75th percentile, they can go up to $4,069. In some cases, such as at the 90th percentile, tax bills can reach as high as $5,194. These property taxes fund essential public services like schools, emergency services, and infrastructure, directly impacting the quality of life in the community. Understanding how these factors come together helps homeowners anticipate their annual property tax obligations.
Average Stratford Tax Bill
$3,787
Average Dallam County Tax Bill
$1,574
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Stratford, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79084 | $1,186 | $3,088 | $3,787 | $4,069 | $5,194 |
Source: Ownwell