Channing, Texas Property Taxes
The median property tax rate in Channing, TX is 1.72%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Channing being $43,755, the typical annual property tax bill reaches $739, which is significantly lower than the national median of $2,690. Property taxes in Channing 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 Channing'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 Channing 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
Channing, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$753
$696
Ownwell’s Channing Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Channing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Channing to provide an estimate of your property tax bill. This valuable tool helps you comprehend potential tax liabilities. For more detailed trends at the neighborhood level, scroll down to access localized information. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Channing, Texas
Property taxes in Channing, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Channing is 1.72%, higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Channing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Channing 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 Channing's effective property tax rate to other counties in Texas and the national median. For comparison, the 79018 zip code has the highest median property tax rate of 1.72%, while the same zip code also has the lowest median tax rate of 1.72%. Understanding how these cities compare with Channing provides valuable insights into the varying tax landscape across Hartley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Channing Tax Rate
1.72%
Average Hartley County Tax Rate
2.09%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Channing, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79018 | 1.41% | 1.64% | 1.72% | 1.72% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Channing, Texas
In Channing, 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 Hartley 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 Channing, 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. For instance, the median home price in Channing is $43,755, with tax bills ranging from $379 at the 25th percentile to $2,476 at the 90th percentile. The zip code 79018 has the highest and lowest median tax bill, both at $739. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Channing Assessed Value
$43,755
Average Hartley County Assessed Value
$147,580
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Channing, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79018 | $5,930 | $22,112 | $43,755 | $97,082 | $173,627 |
Source: Ownwell
Property Tax Bills Across Channing, Texas
In Channing, located in Hartley County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates properties annually. This assessed value is then multiplied by the local tax rate to determine the tax bill. For instance, with the median home price in Channing at $43,755, and considering the local tax rate, homeowners can expect varying tax bills. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. For example, tax bills in Channing range significantly, with the 25th percentile at $379 and the 75th percentile at $1,610. The highest median tax bill recorded in the area is $739. These taxes fund essential public services such as schools, infrastructure, and emergency services, impacting homeowners by contributing to the overall community quality and property values.
Average Channing Tax Bill
$739
Average Hartley County Tax Bill
$2,858
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Channing, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79018 | $102 | $379 | $739 | $1,610 | $2,476 |
Source: Ownwell