Gray County Property Taxes
The median property tax rate in Gray County is 2.61%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Gray County at $47,170, the typical annual property tax bill reaches $1,100. Property taxes in Gray County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Gray 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 Pampa or another part of Gray County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gray County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.61%
Estimate Property Tax Bill
$1,231
$1,142
Ownwell’s Gray County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Gray County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Gray 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 Gray County, Texas
Property taxes in Gray County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Gray County is 2.61%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Gray County set these rates annually, and they can vary significantly between different areas within the county. Each year, Gray 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. The following data compares Gray County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Lefors has one of the higher property tax rates in Texas at 2.83%, while the city of Mobeetie boasts one of the lowest at 0.86%. Analyzing how Gray County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Gray County Tax Rate
2.61%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gray County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alanreed | 1.16% | 1.42% | 1.42% | 1.42% | 1.42% |
| Groom | 1.31% | 1.46% | 1.46% | 1.74% | 1.74% |
| Lefors | 2.49% | 2.83% | 2.83% | 2.83% | 2.83% |
| Mclean | 1.42% | 1.71% | 2.11% | 2.11% | 2.11% |
| Miami | 1.17% | 1.24% | 1.48% | 1.82% | 1.85% |
| Mobeetie | 0.72% | 0.77% | 0.86% | 1.34% | 1.62% |
| Pampa | 1.85% | 2.44% | 2.61% | 2.61% | 2.61% |
| White Deer | 1.45% | 1.48% | 1.52% | 1.57% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Gray County, Texas
In Gray 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 Gray 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 Gray 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 Gray County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. The city with the highest median tax bill is White Deer at $3,288, while Lefors has the lowest at $396.
Average Gray County Assessed Value
$47,170
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gray County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alanreed | $15,175 | $27,108 | $77,495 | $133,178 | $158,385 |
| Groom | $31,340 | $75,670 | $135,800 | $273,280 | $398,016 |
| Lefors | $6,364 | $8,205 | $14,560 | $36,718 | $70,976 |
| Mclean | $9,330 | $14,770 | $23,445 | $60,092 | $105,000 |
| Miami | $63,580 | $68,200 | $114,290 | $170,540 | $190,630 |
| Mobeetie | $60,758 | $62,570 | $65,590 | $98,765 | $118,670 |
| Pampa | $12,452 | $19,850 | $50,220 | $116,005 | $176,398 |
| White Deer | $196,596 | $204,480 | $217,620 | $230,760 | $238,644 |
Source: Ownwell
Property Tax Bills Across Gray County, Texas
In Gray County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on a percentage of the market value of the property. Various factors such as property size, location, and improvements can influence this assessed value. The median home price in Gray County is $47,170, and homeowners can expect their tax bills to vary significantly. For example, tax bills range from the 25th percentile at $454 to the 90th percentile at $4,098. The highest median tax bill in the county is in White Deer at $3,288, while Lefors has the lowest median tax bill at $396. Compared to the national median property tax rate of 0.99%, Gray County offers a relatively affordable property tax environment. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Gray County Tax Bill
$1,100
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Gray County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alanreed | $216 | $385 | $849 | $1,766 | $2,250 |
| Groom | $465 | $1,109 | $1,989 | $3,572 | $5,724 |
| Lefors | $177 | $232 | $396 | $939 | $1,890 |
| Mclean | $186 | $293 | $457 | $1,069 | $1,758 |
| Miami | $928 | $1,176 | $1,535 | $2,280 | $2,643 |
| Mobeetie | $572 | $762 | $1,078 | $1,109 | $1,127 |
| Pampa | $315 | $489 | $1,185 | $2,695 | $4,220 |
| White Deer | $3,121 | $3,184 | $3,288 | $3,393 | $3,456 |
Source: Ownwell