Valentine, Texas Property Taxes
The median property tax rate in Valentine, TX is 1.37%, which is higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Valentine, the typical annual property tax bill reaches $175, which is significantly lower than the national median of $2,690. Property taxes in Valentine 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 Valentine’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 Valentine 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
Valentine, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$193
$179
Ownwell’s Valentine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Valentine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valentine 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 Valentine, Texas
Property taxes in Valentine, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valentine is 1.37%, higher than both the Texas state median of 1.6% and the U.S. national median of 0.99%. Local government entities within Valentine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valentine 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 Valentine's effective property tax rate to other counties in Texas and the national median. For comparison, the 79854 zip code has the highest median property tax rate of 1.37%, while the 79854 zip code has the lowest median tax rate of 1.37%. Understanding how these cities compare with Valentine provides valuable insights into the varying tax landscape across Jeff Davis, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Valentine Tax Rate
1.37%
Average Jeff Davis County Tax Rate
1.38%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valentine, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79854 | 1.05% | 1.37% | 1.37% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Valentine, Texas
In Valentine, 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 Jeff Davis 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 Valentine, 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 Valentine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Valentine is $175.00 in zip code 79854, while the lowest median tax bill is also $175.00 in the same zip code.
Average Valentine Assessed Value
$14,085
Average Jeff Davis County Assessed Value
$114,800
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Valentine, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79854 | $1,377 | $3,850 | $14,085 | $30,562 | $47,621 |
Source: Ownwell
Property Tax Bills Across Valentine, Texas
Property tax bills in Valentine, located in Jeff Davis County, TX, are determined based on the assessed value of the property and the local tax rate. The assessed value is a percentage of the market value of the home, which is then multiplied by the local tax rate to calculate the annual property tax bill. For example, with a median home price of $14,085, the property tax bill can range significantly. Homeowners in the 25th percentile pay around $53 annually, while those in the 75th percentile face bills up to $361. The top 10% of homeowners might see tax bills as high as $603. These tax bills impact homeowners by influencing their overall housing costs. Compared to the national median property tax rate of 0.99%, Valentine's property tax rates are relatively modest, making it a more affordable location for property owners. However, the variability in tax bills based on property values means that homeowners need to be aware of how their property assessments can affect their annual expenses.
Average Valentine Tax Bill
$175
Average Jeff Davis County Tax Bill
$1,391
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Valentine, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79854 | $18 | $53 | $175 | $361 | $603 |
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 | |
|---|---|
| Jeff Davis Appraisal District | |
| Website | www.jeffdaviscad.org |