Priddy, Texas Property Taxes
The median property tax rate in Priddy, TX is 1.41%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Priddy, the typical annual property tax bill reaches $1,062, falling below the national median of $2,690. Property taxes in Priddy 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 Priddy'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 Priddy or another part of Mills County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Priddy, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$1,106
$1,026
Ownwell’s Priddy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Priddy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Priddy 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 Priddy, Texas
Property taxes in Priddy, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Priddy is 1.41%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Priddy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Priddy 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 Priddy's effective property tax rate to other counties in Texas and the national median. For comparison, the 76870 zip code has the highest median property tax rate of 1.41%, while the same zip code also has the lowest median tax rate of 1.41%. Understanding how these cities compare with Priddy provides valuable insights into the varying tax landscape across Mills County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Priddy Tax Rate
1.41%
Average Mills County Tax Rate
1.41%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Priddy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76870 | 1.23% | 1.30% | 1.41% | 1.41% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Priddy, Texas
In Priddy, 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 Mills 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 Priddy, 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 Priddy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Priddy are both $1,062, found in zip code 76870. The 25th percentile tax bill is $670, while the 75th percentile tax bill is $2,159, and the 90th percentile tax bill is $2,761.
Average Priddy Assessed Value
$78,440
Average Mills County Assessed Value
$100,465
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Priddy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76870 | $20,525 | $47,832 | $78,440 | $169,660 | $262,738 |
Source: Ownwell
Property Tax Bills Across Priddy, Texas
In Priddy, located in Mills County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local appraisal district and reflects the market value of the property. Homeowners in Priddy can expect their property tax bill to be influenced by several factors, including the local tax rate and the value of their property. The median home price in Priddy is $78,440, and tax bills can vary widely. For example, the 25th percentile tax bill is $670, while the 75th percentile tax bill is $2,159, and the 90th percentile tax bill reaches $2,761. Compared to the national median property tax rate of 0.99%, Priddy’s tax rates can result in significant differences in annual tax bills. These taxes fund essential services such as education, infrastructure, and public safety, directly impacting homeowners by influencing their overall cost of living and the quality of services they receive. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Priddy Tax Bill
$1,062
Average Mills County Tax Bill
$1,261
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Priddy, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76870 | $288 | $670 | $1,062 | $2,159 | $2,761 |
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 | |
|---|---|
| Mills Appraisal District | |
| Website | esearch.millscad.org |