Perrin, Texas Property Taxes
The median property tax rate in Perrin, TX is 1.13%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $85,370 in Perrin, the typical annual property tax bill amounts to $933, which is below the national median of $2,690. Property taxes in Perrin are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Perrin’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 Perrin 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
Perrin, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$965
$895
Ownwell’s Perrin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Perrin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perrin 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 Perrin, Texas
Property taxes in Perrin, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Perrin is 1.13%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Perrin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Perrin 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 Perrin's effective property tax rate to other counties in Texas and the national median. For comparison, the 76486 zip code has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Perrin provides valuable insights into the varying tax landscape across Jack County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Perrin Tax Rate
1.13%
Average Jack County Tax Rate
1.42%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perrin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76486 | 0.37% | 0.80% | 1.13% | 1.53% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Perrin, Texas
In Perrin, 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 Jack 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 Perrin, 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. 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 Perrin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 76486 has the highest median tax bill at $933.00, which provides a benchmark for property owners aiming to understand their own tax scenarios.
Average Perrin Assessed Value
$85,370
Average Jack County Assessed Value
$110,330
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Perrin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76486 | $12,177 | $29,750 | $85,370 | $210,912 | $386,274 |
Source: Ownwell
Property Tax Bills Across Perrin, Texas
In Perrin, located in Jack County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Various factors influence this assessment, including the home's size, location, and condition. Once the assessed value is established, local tax rates are applied to calculate the tax bill. For example, with a median home price of $85,370, homeowners in Perrin might see a wide range of tax bills. The 25th percentile tax bill stands at $319, while the 75th percentile reaches $1,880. For those at the higher end, the 90th percentile tax bill can go up to $3,289. These property taxes significantly impact homeowners, contributing to local services like schools, infrastructure, and emergency services. The median property tax rate in Perrin contrasts with the national median rate of 0.99%, highlighting regional differences in tax burdens. Understanding these factors helps homeowners anticipate their annual tax liabilities and plan their finances accordingly.
Average Perrin Tax Bill
$933
Average Jack County Tax Bill
$1,539
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Perrin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76486 | $109 | $319 | $933 | $1,880 | $3,289 |
Source: Ownwell