Weatherford, Texas Property Taxes
The median property tax rate in Weatherford, TX is 1.33%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Weatherford, the typical annual property tax bill reaches $289, which is significantly below the national median of $2,690. Property taxes in Weatherford are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Weatherford'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 Weatherford 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
Weatherford, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Weatherford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weatherford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weatherford 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 Weatherford, Texas
Property taxes in Weatherford, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weatherford is 1.33%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Weatherford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weatherford 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 Weatherford's effective property tax rate to other counties in Texas and the national median. For comparison, the 76087 zip code has the highest median property tax rate of 1.33%, while the same 76087 zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Weatherford provides valuable insights into the varying tax landscape across Parker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Weatherford Tax Rate
1.33%
Average Hood County Tax Rate
0.96%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weatherford, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76087 | 0.12% | 0.26% | 1.33% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Weatherford, Texas
In Weatherford, 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 Hood 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 Weatherford, 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. Weatherford's median home price is $57,695, with tax bills ranging from $125 at the 25th percentile to $2,192 at the 90th percentile. The highest and lowest median tax bills are both $289 in the 76087 zip code. 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 Weatherford Assessed Value
$57,695
Average Hood County Assessed Value
$289,560
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Weatherford, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76087 | $10,188 | $18,725 | $57,695 | $137,162 | $212,212 |
Source: Ownwell
Property Tax Bills Across Weatherford, Texas
In Weatherford, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. Homeowners in Weatherford, located in Hood County, TX, see a wide range of property tax bills. For instance, the 25th percentile tax bill is around $125, while the 75th percentile reaches $1,081. At the 90th percentile, the tax bill can soar to $2,192. The median home price in Weatherford stands at $57,695, which influences the overall tax burden. The property tax rate in Weatherford is influenced by various factors, including local government budgets, school district needs, and public service funding. Compared to the national median property tax rate of 0.99%, Weatherford's rates can vary significantly depending on the assessed value and specific zip code, with the highest and lowest median tax bills both recorded at $289 in the 76087 zip code. This variability directly impacts homeowners, affecting their annual financial planning and overall cost of living.
Average Weatherford Tax Bill
$289
Average Hood County Tax Bill
$2,081
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Weatherford, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76087 | $51 | $125 | $289 | $1,081 | $2,192 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Hood Appraisal District | |
| Website | iswdataclient.azurewebsites.net |