Floydada, Floyd County, Texas Property Taxes

Name: Property Tax Bills Across Floydada, Floyd County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Floydada, TX effective property tax rate: 2.62%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Floydada, TX home value: $42,025
Median annual Floydada, TX tax bill: $936, $1,464 lower than the national median property tax bill of $2,400.

How are property taxes in Floyd County calculated?

Property taxes in Floydada, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Floydada’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Floydada, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Floydada, Floyd County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.62%

Estimate Property Tax Bill

$1,101

$1,022

Ownwell’s Floydada Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Floydada with just two data points. By entering your property's estimated assessed value, our calculator applies Floydada’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Floyd County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Floydada, Floyd County, Texas

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Floydada’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Floydada, located in Floyd County, has a median property tax rate of 2.62%. This is significantly higher than the national median property tax rate of 1.02%. Homeowners in Floydada face a substantial property tax burden compared to the national average. When considering property investments or relocations, understanding these tax implications is crucial. With strategic planning, property owners can potentially reduce their tax liabilities through appeals and exemptions.

Property Tax Rates Across Floydada, Floyd County, Texas

Source: Ownwell

2.62%

2.73%

2.84%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Floydada Tax Rate

2.62%

Median Effective Floyd County Tax Rate

2.66%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Floydada, Floyd County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79235	1.82%	2.00%	2.62%	2.66%	2.66%

Source: Ownwell

Property Tax Assessment Values Across Floydada, Floyd County, Texas

When examining property taxes in Floydada, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Floyd County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Floyd County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Floydada. For example, the median home price in Floydada is $42,025, with tax bills ranging significantly across the county. 79235 has the highest median home price at $42,025.

Property Tax Assessment Values Across Floydada, Floyd County, Texas

Source: Ownwell

$40,590

$41,308

$42,025

Median Floydada Market Value

$42,025

Median Floyd County Market Value

$41,590

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Floydada, Floyd County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79235	$6,806	$20,998	$42,025	$77,025	$119,309

Source: Ownwell

Property Tax Bills Across Floydada, Floyd County, Texas

In Floydada, located in Floyd County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is influenced by factors such as location, property size, and any improvements made. Homeowners in Floydada face a range of property tax bills, with amounts varying significantly. The 25th percentile tax bill is $473, while the 75th percentile reaches $1,720, and the 90th percentile climbs to $2,768. The median tax bill in the area is $936, which is below the national median of $2,400, making it relatively affordable.

Homeowners can find the process of appealing property taxes daunting. This is where Ownwell steps in, offering expertise to help reduce property tax bills. By analyzing the assessed value and ensuring it aligns with the property's market value, Ownwell can identify potential savings. By appealing on behalf of homeowners, Ownwell can help secure a fairer tax bill, potentially saving homeowners hundreds of dollars annually.

Property Tax Bills Across Floydada, Floyd County, Texas

Source: Ownwell

$936

$997

$1,058

Median Floydada Tax Bill

$936

Median Floyd County Tax Bill

$983

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Floydada, Floyd County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79235	$173	$473	$936	$1,720	$2,768

Source: Ownwell