Mitchell County, Texas Property Taxes
The median property tax rate in Mitchell County is 1.88%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Mitchell County, the typical annual property tax bill reaches $1,077, which is below the national median of $2,690. Property taxes in Mitchell County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Mitchell County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Colorado City or another part of Mitchell County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mitchell County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.88%
Estimate Property Tax Bill
$1,073
$995
Ownwell’s Mitchell County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Mitchell County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Mitchell County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Mitchell County, Texas
Property taxes in Mitchell County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Mitchell County is 1.88%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Mitchell County set these rates annually, and they can vary significantly between different areas within the county. Each year, Mitchell County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Mitchell County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Colorado City has one of the higher property tax rates in Texas at 1.90%, while the city of Roscoe boasts one of the lowest at 0.60%. Analyzing how Mitchell County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Mitchell County Tax Rate
1.88%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mitchell County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Spring | N/A | N/A | N/A | N/A | N/A |
| Colorado City | 1.08% | 1.46% | 1.90% | 2.85% | 2.91% |
| Hermleigh | N/A | N/A | N/A | N/A | N/A |
| Loraine | 0.66% | 1.13% | 1.85% | 2.90% | 3.06% |
| Roscoe | N/A | N/A | N/A | N/A | N/A |
| Westbrook | 0.74% | 1.04% | 1.63% | 2.01% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Mitchell County, Texas
In Mitchell County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Mitchell County Appraisal District. The assessed value, however, 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 Mitchell County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Mitchell County, the city with the highest median tax bill is Hermleigh at $2,489, while Westbrook has the lowest at $632. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Mitchell County Assessed Value
$57,050
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mitchell County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Spring | N/A | N/A | N/A | N/A | N/A |
| Colorado City | $15,322 | $32,692 | $57,363 | $102,307 | $184,169 |
| Hermleigh | N/A | N/A | N/A | N/A | N/A |
| Loraine | $9,257 | $26,423 | $55,050 | $111,758 | $252,531 |
| Roscoe | N/A | N/A | N/A | N/A | N/A |
| Westbrook | $5,419 | $24,626 | $52,345 | $105,552 | $218,263 |
Source: Ownwell
Property Tax Bills Across Mitchell County, Texas
In Mitchell County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners then apply the local tax rate to this assessed value to determine their annual property tax bill. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and the specific tax rates set by local taxing authorities. For example, in Mitchell County, the median home price is $57,050. Homeowners in the 25th percentile pay around $556 annually, while those in the 75th percentile see bills closer to $1,856. The highest median tax bill in the county is $2,489 in Hermleigh, whereas the lowest is $632 in Westbrook. Understanding property tax calculations is crucial for homeowners as it directly impacts their annual expenses and can vary significantly based on location and property value.
Average Mitchell County Tax Bill
$1,077
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mitchell County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Spring | N/A | N/A | N/A | N/A | N/A |
| Colorado City | $282 | $591 | $1,114 | $1,894 | $3,268 |
| Hermleigh | N/A | N/A | N/A | N/A | N/A |
| Loraine | $181 | $437 | $917 | $1,723 | $3,054 |
| Roscoe | N/A | N/A | N/A | N/A | N/A |
| Westbrook | $114 | $290 | $632 | $1,324 | $2,143 |
Source: Ownwell