Stamford, Texas Property Taxes
The median property tax rate in Stamford, TX is 2.51%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Stamford at $64,390, the typical annual property tax bill reaches $1,561, which is below the national median of $2,690. Property taxes in Stamford 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 Stamford'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 Stamford 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
Stamford, 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 Stamford Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Stamford. By simply entering your property’s estimated assessed value, the calculator utilizes the median tax rate in Stamford to provide an accurate estimate of your property tax bill. This feature offers a clear understanding of potential tax liabilities, making financial planning easier. For those interested in more detailed insights, neighborhood-level trends and localized information are available below. Your property’s assessed value is determined by Jones County for tax calculations and considers 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 2.51%, higher than both the Texas state median 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 the highest median property tax rate of 2.51%, while the 79553 zip code also has the lowest median tax rate of 2.51%. Understanding how these cities compare with Stamford provides valuable insights into the varying tax landscape across Jones County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stamford Tax Rate
2.51%
Average Jones County Tax Rate
1.86%
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 | 1.77% | 2.26% | 2.51% | 2.92% | 2.92% |
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 Jones 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. For example, the median home price in Stamford is $64,390, with tax bills ranging from $835 at the 25th percentile to $4,111 at the 90th percentile. The zip code with the highest median tax bill is 79553, with a median tax bill of $1,561. 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 Stamford Assessed Value
$64,390
Average Jones County Assessed Value
$99,290
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 | $13,730 | $34,170 | $64,390 | $109,620 | $179,982 |
Source: Ownwell
Property Tax Bills Across Stamford, Texas
In Stamford, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Stamford is $64,390. Tax rates are applied to this assessed value to determine the annual property tax bill. For instance, homeowners in Stamford can expect to see tax bills ranging from $835 at the 25th percentile to $4,111 at the 90th percentile. Several factors influence the final tax bill, including the property's assessed value, the local tax rate set by Jones County, and any applicable exemptions or deductions. The highest median tax bill in the area is $1,561, which is also the lowest, indicating a uniform rate in the 79553 zip code. Property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Stamford's property tax rates can vary widely, affecting the overall affordability and financial planning for homeowners in the area.
Average Stamford Tax Bill
$1,561
Average Jones County Tax Bill
$1,671
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 | $363 | $835 | $1,561 | $2,555 | $4,111 |
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 | |
|---|---|
| Jones Appraisal District | |
| Website | www.jonescad.org |