Anton, Texas Property Taxes
The median property tax rate in Anton, TX is 1.02%, slightly higher than the national median of 0.99% but significantly lower than the Texas state median of 1.67%. With the median home value in Anton at $85,550, the typical annual property tax bill is $723, which is below the national median of $2,690. Property taxes in Anton are calculated based on the assessed value, which often falls below market value due to exemptions such as primary residence and agricultural exemptions. Understanding Anton'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 Anton or another part of Lamb County, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Anton, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$873
$810
Ownwell’s Anton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anton 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 Anton, Texas
Property taxes in Anton, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Anton is 1.02%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Anton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anton 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 Anton's effective property tax rate to other counties in Texas and the national median. For comparison, the 79313 zip code has the highest median property tax rate of 1.02%, while the 79313 zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Anton provides valuable insights into the varying tax landscape across Lamb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anton Tax Rate
1.02%
Average Lamb County Tax Rate
2.05%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79313 | 0.70% | 0.80% | 1.02% | 1.60% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Anton, Texas
In Anton, 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 Lamb 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 Anton, 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 Anton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 79313 has the highest and lowest median tax bill of $723 in the area, reflecting the range of property tax obligations homeowners might face.
Average Anton Assessed Value
$85,550
Average Lamb County Assessed Value
$37,240
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Anton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79313 | $27,298 | $54,760 | $85,550 | $119,760 | $193,564 |
Source: Ownwell
Property Tax Bills Across Anton, Texas
Property tax bills in Anton, located in Lamb County, TX, are determined based on the assessed value of the property and the local tax rate. The assessed value is typically a percentage of the market value of the home, which in Anton has a median home price of $85,550. This value is then multiplied by the local property tax rate to calculate the annual tax bill. For instance, homeowners in Anton can expect their tax bills to vary widely. The 25th percentile of tax bills is around $395, while the 75th percentile reaches up to $1,516. At the higher end, the 90th percentile sees tax bills of about $1,885. These figures are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Anton’s property tax rates can result in relatively lower or higher tax bills, affecting homeowners' annual financial planning. Understanding these factors helps homeowners anticipate their tax liabilities and manage their budgets effectively.
Average Anton Tax Bill
$723
Average Lamb County Tax Bill
$638
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Anton, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79313 | $195 | $395 | $723 | $1,516 | $1,885 |
Source: Ownwell