Seagraves, Gaines County, Texas Property Taxes
The median property tax rate in Seagraves, TX is 2.17%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Seagraves at $56,040, the typical annual property tax bill reaches $974, which is below the national median of $2,690. Property taxes in Seagraves 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 Seagraves' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Seagraves 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
Seagraves, Gaines County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.17%
Estimate Property Tax Bill
$1,216
$1,128
Ownwell’s Seagraves Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Seagraves with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seagraves 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 Seagraves, Gaines County, Texas
Property taxes in Seagraves, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seagraves is 2.17%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Seagraves set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seagraves 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 Seagraves' effective property tax rate to other counties in Texas and the national median. For comparison, the 79359 zip code has the highest median property tax rate of 2.17%, while the same zip code also has the lowest median tax rate of 2.17%. Understanding how these cities compare with Seagraves provides valuable insights into the varying tax landscape across Gaines County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Seagraves Tax Rate
2.17%
Average Gaines County Tax Rate
1.79%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seagraves, Gaines County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79359 | 0.96% | 1.42% | 2.17% | 2.80% | 3.05% |
Source: Ownwell
Property Tax Assessment Values Across Seagraves, Gaines County, Texas
In Seagraves, 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 Gaines 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 Seagraves, 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. The median home price in Seagraves is $56,040, with tax bills ranging from $464 at the 25th percentile to $3,389 at the 90th percentile. Both the highest and lowest median tax bills are recorded at $974 in the 79359 zip code. 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 Seagraves helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Seagraves, Gaines County, Texas
Source: Ownwell
$56,040
$80,600
$105,160
Average Seagraves Assessed Value
$56,040
Average Gaines County Assessed Value
$85,350
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Seagraves, Gaines County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79359 | $9,093 | $26,768 | $56,040 | $104,362 | $162,046 |
Source: Ownwell
Property Tax Bills Across Seagraves, Gaines County, Texas
In Seagraves, located in Gaines 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 Seagraves is $56,040, and property taxes are determined by multiplying the assessed value by the local tax rate. Homeowners in Seagraves can expect their tax bills to vary significantly, with the 25th percentile tax bill at $464 and the 75th percentile tax bill at $1,919. The 90th percentile tax bill reaches up to $3,389, showing a considerable range depending on property value and applicable exemptions. Factors that influence the tax bill include the home's assessed value, any applicable exemptions, and the specific tax rate set by local authorities. This tax burden can impact homeowners by affecting their overall housing costs and potentially influencing their ability to invest in property improvements or other financial commitments. Compared to the national median property tax rate of 0.99%, Seagraves' tax rates and bills highlight the importance of understanding local tax policies and their implications for homeowners.
Average Seagraves Tax Bill
$974
Average Gaines County Tax Bill
$1,283
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Seagraves, Gaines County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79359 | $185 | $464 | $974 | $1,919 | $3,389 |
Source: Ownwell