Stamford, Texas Property Taxes
The median property tax rate in Stamford, TX is 0.85%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Stamford at $150,740, the typical annual property tax bill is around $1,393, significantly below the national median of $2,690. Property taxes in Stamford are calculated based on the tax assessed value, usually lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Stamford's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Stamford or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stamford, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$1,281
$1,189
Ownwell’s Stamford Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Stamford. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Stamford to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities, making financial planning easier. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value is determined by Haskell County for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Stamford, Texas
Property taxes in Stamford, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stamford is 0.85%, which is lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Stamford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stamford 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 Stamford's effective property tax rate to other counties in Texas and the national median. For comparison, the 79553 zip code has both the highest and lowest median property tax rate of 0.85%. Understanding how these cities compare with Stamford provides valuable insights into the varying tax landscape across Haskell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stamford Tax Rate
0.85%
Average Haskell County Tax Rate
1.85%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stamford, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79553 | 0.32% | 0.54% | 0.85% | 1.53% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Stamford, Texas
In Stamford, 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 Haskell 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. Assessment notices in Stamford 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 Stamford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Stamford is $1,393 in the 79553 zip code, while the lowest is also $1,393 in the same zip code.
Average Stamford Assessed Value
$150,740
Average Haskell County Assessed Value
$63,955
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stamford, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79553 | $55,846 | $73,820 | $150,740 | $279,910 | $438,312 |
Source: Ownwell
Property Tax Bills Across Stamford, Texas
In Stamford, TX, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. Local taxing authorities then apply a tax rate to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including the home's assessed value, the local tax rate, and any applicable exemptions. For example, in Stamford, the median home price is $150,740. Homeowners in the 25th percentile can expect a tax bill around $832, while those in the 75th percentile might see a bill of approximately $1,828. The 90th percentile tax bill can reach up to $2,516. These figures highlight the range of property tax burdens across different home values. Compared to the national median property tax rate of 0.99%, Stamford's tax rates can significantly impact homeowners, affecting their annual financial planning and overall cost of living. Understanding these variables helps homeowners anticipate their property tax obligations more accurately.
Average Stamford Tax Bill
$1,393
Average Haskell County Tax Bill
$952
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Stamford, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79553 | $480 | $832 | $1,393 | $1,828 | $2,516 |
Source: Ownwell