Slaton, Texas Property Taxes
The median property tax rate in Slaton, TX is 1.53%, which is considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Slaton at $34,491, the typical annual property tax bill amounts to $474, significantly below the national median of $2,690. Property taxes in Slaton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Slaton'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 Slaton 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
Slaton, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$528
$490
Ownwell’s Slaton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Slaton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Slaton 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 Slaton, Texas
Property taxes in Slaton, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Slaton is 1.53%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Slaton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Slaton 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 Slaton's effective property tax rate to other counties in Texas and the national median. For comparison, the 79364 zip code has the highest median property tax rate of 1.53%, while the same zip code also has the lowest median tax rate of 1.53%. Understanding how these cities compare with Slaton provides valuable insights into the varying tax landscape across Garza County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Slaton Tax Rate
1.53%
Average Garza County Tax Rate
2.35%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Slaton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79364 | 1.26% | 1.40% | 1.53% | 1.60% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Slaton, Texas
In Slaton, 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 Garza 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 Slaton, 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 Slaton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Slaton is $474 in the 79364 zip code.
Average Slaton Assessed Value
$34,491
Average Garza County Assessed Value
$40,366
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Slaton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79364 | $6,096 | $13,858 | $34,491 | $62,368 | $91,787 |
Source: Ownwell
Property Tax Bills Across Slaton, Texas
In Slaton, located in Garza County, TX, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the county appraisal district, which evaluates properties to reflect their market value. Homeowners in Slaton experience a range of tax bills, influenced by the assessed value of their homes and local tax rates. For instance, the median home price in Slaton is $34,491. Property tax bills can vary significantly, with the 25th percentile at $219 and the 75th percentile reaching $887. At the 90th percentile, homeowners might see tax bills as high as $1,358. These figures indicate how property taxes can impact homeowners differently, depending on the value of their property. The highest and lowest median tax bills in Slaton are both recorded at $474, showing some consistency in certain areas. Compared to the national median property tax rate of 0.99%, Slaton's property tax rates reflect local economic conditions and funding needs, directly affecting homeowners' financial responsibilities.
Average Slaton Tax Bill
$474
Average Garza County Tax Bill
$925
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Slaton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79364 | $97 | $219 | $474 | $887 | $1,358 |
Source: Ownwell