Prairie Ridge, Texas Property Taxes
The median property tax rate in Prairie Ridge, TX is 1.92%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Prairie Ridge, the typical annual property tax bill reaches $1,345, exceeding the national median of $2,690. Property taxes in Prairie Ridge are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Prairie Ridge'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 Prairie Ridge 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
Prairie Ridge, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.92%
Estimate Property Tax Bill
$1,478
$1,368
$1,148
Average Prairie Ridge, Texas Tax Savings
Ownwell’s Prairie Ridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Prairie Ridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Prairie Ridge to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Prairie Ridge. 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 Prairie Ridge, Texas
Property taxes in Prairie Ridge, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Prairie Ridge is 1.92%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Prairie Ridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Prairie Ridge 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 Prairie Ridge's effective property tax rate to other counties in Texas and the national median. For comparison, the 76084 zip code has the highest median property tax rate of 1.92%, while the 76084 zip code also has the lowest median tax rate of 1.92%. Understanding how these cities compare with Prairie Ridge provides valuable insights into the varying tax landscape across Ellis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Prairie Ridge Tax Rate
1.92%
Average Ellis County Tax Rate
1.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Prairie Ridge, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76084 | 1.75% | 1.83% | 1.92% | 2.07% | 2.07% |
Source: Ownwell
$1,148
Average Prairie Ridge Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Prairie Ridge, Texas
In Prairie Ridge, 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 Ellis 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 Prairie Ridge, 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. The median home price in Prairie Ridge is $77,000, with the 25th percentile tax bill at $1,345 and the 75th percentile tax bill at $1,412. The highest and lowest median tax bills both occur in the 76084 zip code, at $1,345. Being aware of these valuation processes in Prairie Ridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Prairie Ridge Assessed Value
$77,000
Average Ellis County Assessed Value
$332,264
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Prairie Ridge, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76084 | $65,000 | $65,625 | $77,000 | $296,672 | $447,670 |
Source: Ownwell
$1,148
Average Prairie Ridge Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Prairie Ridge, Texas
In Prairie Ridge, Ellis County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Prairie Ridge is $77,000, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, market conditions, and local government budgets influence the assessed value. Homeowners in Prairie Ridge typically face a property tax bill ranging from $1,345 at the 25th percentile to $1,479 at the 90th percentile. These tax bills can significantly impact homeowners' finances, especially when compared to the national median property tax rate of 0.99%. Ownwell's property tax consultants can help homeowners in Prairie Ridge by identifying potential inaccuracies in their property assessments and filing appeals to lower their tax liabilities. By leveraging local expertise and comprehensive market analysis, Ownwell ensures homeowners pay only their fair share, potentially saving them hundreds of dollars annually on property taxes.
Average Prairie Ridge Tax Bill
$1,345
Average Ellis County Tax Bill
$4,181
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Prairie Ridge, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76084 | $1,345 | $1,345 | $1,345 | $1,412 | $1,479 |
Source: Ownwell
$1,148
Average Prairie Ridge Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Ellis Appraisal District | |
| Phone | (972) 825-5150 |
| Website | www.elliscad.com |
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