Knox City, Knox County, Texas Property Taxes

Name: Property Tax Bills Across Knox City, Knox County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median KNOX CITY, TX effective property tax rate: 2.74%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median KNOX CITY, TX home value: $33,285
Median annual KNOX CITY, TX tax bill: $895, $1,505 lower than the national median property tax bill of $2,400.

How are property taxes in 48275 calculated?

Property taxes in KNOX CITY, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding KNOX CITY’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in KNOX CITY, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Knox City, Knox County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.74%

Estimate Property Tax Bill

$912

$846

Ownwell’s Knox City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Knox City with just two data points. By entering your property's estimated assessed value, our calculator applies Knox City’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Knox County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Knox City, Knox County, Texas

Local government entities set tax rates, which can vary widely within a state. This variation stems from each county's annual budget process. Each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

KNOX CITY, located in Knox County, TX, has a property tax rate that provides an interesting comparison to other cities in Texas and the broader U.S. landscape. The median property tax rate in Knox County stands at 2.74%, significantly higher than the national median property tax rate of 1.02%. This places Knox County among the higher tax rate regions in the state. The effective property tax rate in KNOX CITY is a reflection of the county's financial needs and the value of taxable properties within its borders. Understanding these dynamics can help property owners make informed decisions about their property tax appeals and exemptions.

Property Tax Rates Across Knox City, Knox County, Texas

Source: Ownwell

1.72%

2.66%

3.60%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Knox City Tax Rate

2.74%

Median Effective Knox County Tax Rate

2.74%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Knox City, Knox County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79529	1.84%	2.74%	2.74%	2.74%	2.74%

Source: Ownwell

Property Tax Assessment Values Across Knox City, Knox County, Texas

When examining property taxes in KNOX CITY, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Knox County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Knox County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in KNOX CITY.

For example, the median home price in KNOX CITY is $33,285, with tax bills ranging significantly across the county. 79529 has the highest median home price at $33,285.

Property Tax Assessment Values Across Knox City, Knox County, Texas

Source: Ownwell

$23,075

$31,593

$40,110

Median Knox City Market Value

$33,285

Median Knox County Market Value

$31,450

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Knox City, Knox County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79529	$6,231	$19,948	$33,285	$55,908	$89,885

Source: Ownwell

Property Tax Bills Across Knox City, Knox County, Texas

In Knox City, 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 Knox City stands at $33,285. The property tax rate is then applied to this assessed value to determine the tax bill. Homeowners in Knox City see a range of property tax bills, with the 25th percentile at $544 and the 75th percentile reaching $1,421. The highest median tax bill recorded is $895 in the 79529 zip code. Compared to the national median property tax bill of $2,400, Knox City's tax bills are significantly lower, offering some relief to local homeowners. However, even with lower tax bills, homeowners may still be paying more than necessary. This is where Ownwell can assist by providing professional property tax appeal and exemption services. By scrutinizing assessments and identifying potential savings, Ownwell helps homeowners reduce their property tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Knox City, Knox County, Texas

Source: Ownwell

$688

$901

$1,113

Median Knox City Tax Bill

$895

Median Knox County Tax Bill

$916

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Knox City, Knox County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79529	$170	$544	$895	$1,421	$2,190

Source: Ownwell