Spur, Texas Property Taxes
The median property tax rate in Spur, TX is 2.88%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Spur, the typical annual property tax bill reaches $769, which is below the national median of $2,690. Property taxes in Spur 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 Spur'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 Spur 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
Spur, 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 SPUR Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SPUR with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SPUR 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 Spur, Texas
Property taxes in Spur, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Spur is 2.88%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Spur set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spur 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 Spur's effective property tax rate to other counties in Texas and the national median. For comparison, the 79370 zip code has the highest median property tax rate of 2.88%, while it also has the lowest median tax rate of 2.88%. Understanding how these cities compare with Spur 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 Spur Tax Rate
2.88%
Average Dickens County Tax Rate
2.48%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spur, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79370 | 1.52% | 2.18% | 2.88% | 2.88% | 2.88% |
Source: Ownwell
Property Tax Assessment Values Across Spur, Texas
In Spur, 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 Spur, 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 the area is $769 in zip code 79370. Being aware of these valuation processes in Spur helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Spur Assessed Value
$30,740
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 Spur, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79370 | $4,824 | $14,510 | $30,740 | $68,235 | $112,484 |
Source: Ownwell
Property Tax Bills Across Spur, Texas
In SPUR, located in Dickens County, TX, property tax bills are determined based on the assessed value of a home. The median home price in SPUR is $30,740. Property taxes are calculated by multiplying the assessed value by the local tax rate. Homeowners in SPUR typically see tax bills ranging from $383 at the 25th percentile to $1,422 at the 75th percentile, with the top 10% facing bills around $2,237. Several factors influence these tax bills, including the home's assessed value, the local tax rate, and any applicable exemptions or deductions. For example, exemptions for senior citizens or veterans can significantly reduce the tax burden. Compared to the national median property tax rate of 0.99%, SPUR's tax rates result in relatively moderate tax bills. However, fluctuations in property values and tax rates can impact homeowners' financial planning. Understanding these factors can help homeowners anticipate their annual tax obligations and manage their budgets more effectively.
Average Spur Tax Bill
$769
Average Dickens County Tax Bill
$717
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Spur, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79370 | $136 | $383 | $769 | $1,422 | $2,237 |
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 |