Afton, Texas Property Taxes
The median property tax rate in Afton, TX is 0.98%, slightly below the national median of 0.99% and significantly lower than the Texas state median of 1.67%. With a median home value of $107,490 in Afton, the typical annual property tax bill is approximately $535, which is well below the national median of $2,690. Property taxes in Afton are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Afton'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 Afton or another part of Dickens County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Afton, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Afton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Afton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Afton 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 Afton, Texas
Property taxes in Afton, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Afton is 0.98%, which is higher than the Texas state median of 0.81% but slightly below the U.S. national median of 0.99%. Local government entities within Afton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Afton 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 Afton's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 79220 has both the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with Afton provides valuable insights into the varying tax landscape across Dickens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Afton Tax Rate
0.98%
Average Dickens County Tax Rate
2.48%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Afton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79220 | 0.27% | 0.49% | 0.98% | 1.52% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Afton, Texas
In Afton, 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 Dickens 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 Afton, 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 Afton is $107,490. The tax bills can vary significantly, with the 25th percentile at $334 and the 75th percentile at $1,576. The highest median tax bill stands at $535 in the 79220 zip code, which also has the lowest median tax bill at $535. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Afton Assessed Value
$107,490
Average Dickens County Assessed Value
$32,585
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Afton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79220 | $11,684 | $38,220 | $107,490 | $182,150 | $277,906 |
Source: Ownwell
Property Tax Bills Across Afton, Texas
In Afton, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. In Dickens County, the median home price is $107,490. Homeowners in Afton can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $334, while the 75th percentile tax bill is $1,576, and the 90th percentile reaches up to $2,142. These variations depend on factors such as property size, location, and any applicable exemptions. The highest median tax bill in the area is $535, which is below the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership in Afton more affordable compared to other regions. Understanding these factors helps homeowners anticipate their annual expenses and manage their budgets effectively.
Average Afton Tax Bill
$535
Average Dickens County Tax Bill
$717
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Afton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79220 | $115 | $334 | $535 | $1,576 | $2,142 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Dickens Appraisal District | |
| Website | dickenscad.org |