Snyder, Texas Property Taxes
The median property tax rate in Snyder, TX is 2.03%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $266,271 in Snyder, the typical annual property tax bill reaches $5,412, far exceeding the national median of $2,690. Property taxes in Snyder are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Snyder'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 Snyder 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
Snyder, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.03%
Estimate Property Tax Bill
$5,405
$5,016
Ownwell’s Snyder Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Snyder with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Snyder 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 Snyder, Texas
Property taxes in Snyder, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Snyder is 2.03%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Snyder set these rates annually, and they can vary significantly across different neighborhoods. Each year, Snyder 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 Snyder's effective property tax rate to other counties in Texas and the national median. For comparison, the 79549 zip code has the highest median property tax rate of 2.03%, while the 79549 zip code has the lowest median tax rate of 2.03%. Understanding how these cities compare with Snyder provides valuable insights into the varying tax landscape across Scurry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Snyder Tax Rate
2.03%
Average Garza County Tax Rate
2.35%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Snyder, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79549 | 2.00% | 2.01% | 2.03% | 2.04% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Snyder, Texas
In Snyder, 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 Snyder, 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 Snyder helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Snyder Assessed Value
$266,271
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 Snyder, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79549 | $88,654 | $155,260 | $266,271 | $308,121 | $333,231 |
Source: Ownwell
Property Tax Bills Across Snyder, Texas
In Snyder, located in Garza County, TX, property tax bills are determined based on the assessed value of a home and the local tax rate. The median home price in Snyder is $266,271, and the property tax rate in Garza County is set per $100 of assessed value. Homeowners can expect a tax bill that varies significantly depending on their property's assessed value. For instance, those in the 25th percentile might see a tax bill around $3,157, while those in the 75th percentile could face a bill as high as $6,185. Even more, properties in the 90th percentile might have tax bills reaching up to $6,650. These tax bills can have a considerable impact on homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, Snyder's rates can be relatively high, reflecting the local government's revenue needs for public services and infrastructure. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average Snyder Tax Bill
$5,412
Average Garza County Tax Bill
$925
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Snyder, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79549 | $1,804 | $3,157 | $5,412 | $6,185 | $6,650 |
Source: Ownwell