Glasscock County, Texas Property Taxes
The median property tax rate in Glasscock County is 0.90%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value in Glasscock County, the typical annual property tax bill is $576, significantly below the national median of $2,690. Property taxes in Glasscock County are calculated based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Glasscock County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Garden City or another part of Glasscock County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glasscock County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$587
$545
Ownwell’s Glasscock County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Glasscock County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Glasscock County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Glasscock County, Texas
Property taxes in Glasscock County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Glasscock County is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within Glasscock County set these rates annually, and they can vary significantly between different areas within the county. Each year, Glasscock County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Midland has one of the higher property tax rates in Texas at 0.90%, while the city of Garden City boasts one of the lowest at 0.90%. Analyzing how Glasscock County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Glasscock County Tax Rate
0.90%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glasscock County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Spring | 0.17% | 0.81% | 0.90% | 0.90% | 0.90% |
| Garden City | 0.42% | 0.90% | 0.90% | 0.90% | 1.29% |
| Midland | 0.86% | 0.90% | 0.90% | 0.90% | 0.94% |
| Stanton | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Glasscock County, Texas
In Glasscock County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Glasscock County Appraisal District. The assessed value, however, 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. Assessment notices in Glasscock County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Glasscock County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. The city of Midland has the highest median tax bill at $1,573, while Big Spring has the lowest at $492.
Average Glasscock County Assessed Value
$65,276
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glasscock County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Spring | $19,234 | $34,623 | $52,440 | $73,344 | $121,080 |
| Garden City | $10,702 | $30,447 | $67,895 | $141,360 | $229,731 |
| Midland | $48,827 | $98,626 | $214,274 | $234,976 | $246,922 |
| Stanton | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Glasscock County, Texas
In Glasscock County, TX, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, in Glasscock County, the median home price is $65,276. Tax bills can vary significantly, with the 25th percentile at $251 and the 75th percentile reaching $1,110. The 90th percentile tax bill can be as high as $1,979, indicating a wide range of property values and corresponding tax obligations. Homeowners in Glasscock County should be aware that their property tax bills can have a substantial impact on their annual expenses. For comparison, Midland, TX, has the highest median tax bill in the region at $1,573, while Big Spring, TX, has the lowest at $492. This variability highlights the importance of understanding how local factors affect property tax calculations.
Average Glasscock County Tax Bill
$576
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Glasscock County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Spring | $47 | $259 | $492 | $612 | $1,095 |
| Garden City | $45 | $247 | $611 | $1,152 | $1,992 |
| Midland | $610 | $856 | $1,573 | $2,090 | $2,231 |
| Stanton | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell