Ector, Texas Property Taxes
The median property tax rate in Ector, TX is 1.39%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $129,840 in Ector, the typical annual property tax bill amounts to $1,715, which is below the national median of $2,690. Property taxes in Ector are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Navigating Ector's property tax system and leveraging available exemptions can lead to substantial annual savings. Whether you're residing in Ector or investing in real estate within the city, a thorough understanding of the local property tax system is essential for maximizing financial benefits.
Last Updated June 14, 2024
Ector, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$1,805
$1,675
Ownwell’s Ector Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ector with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ector 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 Ector, Texas
Property taxes in Ector, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ector is 1.39%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Ector set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ector 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 Ector's effective property tax rate to other counties in Texas and the national median. For comparison, the 75439 zip code has the highest median property tax rate of 1.39%, while the 75439 zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Ector provides valuable insights into the varying tax landscape across Ector County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ector Tax Rate
1.39%
Average Fannin County Tax Rate
1.33%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ector, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75439 | 0.75% | 1.11% | 1.39% | 1.74% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Ector, Texas
In Ector, 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 Ector 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 Ector, 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. Being aware of these valuation processes in Ector helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 75439 has the highest median tax bill at $1,715.
Average Ector Assessed Value
$129,840
Average Fannin County Assessed Value
$196,430
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ector, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75439 | $33,540 | $59,240 | $129,840 | $262,660 | $453,930 |
Source: Ownwell
Property Tax Bills Across Ector, Texas
In Ector, located in Fannin County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Ector, the median home price is $129,840. Property tax bills can vary significantly, with the 25th percentile tax bill being $801 and the 75th percentile reaching $3,141. For those at the 90th percentile, the tax bill can be as high as $4,720. These tax bills are influenced by factors such as the property's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Ector's tax rates can have a considerable impact on homeowners' financial planning. Understanding these factors can help homeowners better anticipate their annual property tax obligations and budget accordingly.
Average Ector Tax Bill
$1,715
Average Fannin County Tax Bill
$2,400
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ector, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75439 | $445 | $801 | $1,715 | $3,141 | $4,720 |
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 | |
|---|---|
| Fannin Appraisal District | |
| Website | esearch.fannincad.org |