Irion County, Texas Property Taxes
The median property tax rate in Irion County is 1.44%, which is significantly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Irion County at $74,965, the typical annual property tax bill is $1,083, which is considerably less than the national median of $2,690. Property taxes in Irion County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Irion 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 Mertzon or another part of Irion County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Irion County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$1,079
$1,002
Ownwell’s Irion County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Irion County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Irion 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 Irion County, Texas
Property taxes in Irion County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Irion County is 1.44%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Irion County set these rates annually, and they can vary significantly between different areas within the county. Each year, Irion 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 Irion County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Mertzon has one of the higher property tax rates in Texas at 1.90%, while the city of Sherwood boasts one of the lowest at 1.15%. Analyzing how Irion County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Irion County Tax Rate
1.44%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Irion County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnhart | 1.15% | 1.15% | 1.15% | 1.15% | 1.35% |
| Mertzon | 0.91% | 1.15% | 1.90% | 1.90% | 1.90% |
| San Angelo | 0.59% | 1.14% | 1.15% | 1.15% | 1.15% |
| Sherwood | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Irion County, Texas
In Irion 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 Irion 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 Irion 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. For instance, in Irion County, San Angelo has the highest median tax bill at $1,461, while Barnhart has the lowest at $361. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Irion County Assessed Value
$74,965
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Irion County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnhart | $7,964 | $15,250 | $30,810 | $79,640 | $106,586 |
| Mertzon | $9,290 | $25,210 | $79,205 | $155,030 | $260,069 |
| San Angelo | $39,535 | $87,590 | $136,820 | $214,648 | $308,480 |
| Sherwood | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Irion County, Texas
In Irion County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is often a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the final tax bill, including property location, size, and any applicable exemptions. Homeowners in Irion County experience a range of tax bills. For instance, the 25th percentile tax bill is around $330, while the 75th percentile tax bill climbs to $2,142. At the higher end, the 90th percentile tax bill reaches $3,048. These variations highlight how different factors, such as property value and location, can significantly impact the amount homeowners owe. Comparatively, the highest median tax bill in the region is $1,461 in San Angelo, whereas Barnhart has the lowest median tax bill at $361. This variability underscores the importance of understanding local tax assessments and rates, as they can greatly affect homeowners' financial obligations.
Average Irion County Tax Bill
$1,083
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Irion County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnhart | $91 | $179 | $361 | $889 | $1,099 |
| Mertzon | $147 | $380 | $1,215 | $2,250 | $3,197 |
| San Angelo | $453 | $940 | $1,461 | $2,295 | $2,820 |
| Sherwood | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell