Pecan Gap, Texas Property Taxes
The median property tax rate in Pecan Gap, TX, is 2.38%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Pecan Gap at $119,170, the typical annual property tax bill reaches $1,938, which is below the national median of $2,690. Property taxes in Pecan Gap are calculated based on the tax assessed value, often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Pecan Gap's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Pecan Gap or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pecan Gap, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.38%
Estimate Property Tax Bill
$2,836
$2,624
Ownwell’s Pecan Gap Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pecan Gap with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pecan Gap to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Delta County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Pecan Gap, Texas
Property taxes in Pecan Gap, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pecan Gap is 2.38%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Pecan Gap set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pecan Gap 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 Pecan Gap's effective property tax rate to other counties in Texas and the national median. For comparison, the 75469 zip code has the highest median property tax rate of 2.38%, while the 75469 zip code also has the lowest median tax rate of 2.38%. Understanding how these cities compare with Pecan Gap provides valuable insights into the varying tax landscape across Delta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pecan Gap Tax Rate
2.38%
Average Delta County Tax Rate
2.34%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pecan Gap, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75469 | 1.04% | 1.53% | 2.38% | 2.46% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Pecan Gap, Texas
In Pecan Gap, 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 Delta 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 Pecan Gap, 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. For instance, the median home price in Pecan Gap is $119,170, and the median tax bill ranges significantly, with the 25th percentile at $936 and the 75th percentile at $3,792. The highest median tax bill in the area is $1,938, found in zip code 75469. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Pecan Gap helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pecan Gap Assessed Value
$119,170
Average Delta County Assessed Value
$122,915
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pecan Gap, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75469 | $19,296 | $51,200 | $119,170 | $224,880 | $394,634 |
Source: Ownwell
Property Tax Bills Across Pecan Gap, Texas
In Pecan Gap, Delta County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners in Pecan Gap face a median home price of $119,170, which serves as the basis for calculating the property tax. The tax rate in this area is applied to the assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's market value, any applicable exemptions, and the local tax rate set by various taxing entities such as school districts, municipalities, and other special districts. For homeowners, this means that a higher assessed value or a higher tax rate will result in a larger tax bill. In Pecan Gap, the 25th percentile tax bill is $936, while the 75th percentile reaches $3,792, and the 90th percentile can be as high as $5,904. These figures highlight the range of tax burdens that homeowners might face, impacting their overall financial planning and property investment decisions.
Average Pecan Gap Tax Bill
$1,938
Average Delta County Tax Bill
$2,570
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Pecan Gap, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75469 | $371 | $936 | $1,938 | $3,792 | $5,904 |
Source: Ownwell