Stinnett, Texas Property Taxes
The median property tax rate in Stinnett, TX is 0.81%, which is notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $193,500 in Stinnett, the typical annual property tax bill comes to $1,664, significantly below the national median of $2,690. Property taxes in Stinnett are calculated based on the assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Stinnett's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Stinnett or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stinnett, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$1,567
$1,450
Ownwell’s Stinnett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stinnett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stinnett 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 Stinnett, Texas
Property taxes in Stinnett, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stinnett is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Stinnett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stinnett 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 Stinnett's effective property tax rate to other counties in Texas and the national median. For comparison, the 79083 zip code has both the highest and lowest median property tax rate of 0.81%. Understanding how these cities compare with Stinnett provides valuable insights into the varying tax landscape across Hutchinson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stinnett Tax Rate
0.81%
Average Moore County Tax Rate
1.99%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stinnett, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79083 | 0.63% | 0.68% | 0.81% | 1.17% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Stinnett, Texas
In Stinnett, 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 Moore 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 Stinnett, 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 Stinnett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 79083 has the highest and lowest median tax bill at $1,664.
Average Stinnett Assessed Value
$193,500
Average Moore County Assessed Value
$109,905
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stinnett, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79083 | $86,924 | $151,170 | $193,500 | $286,230 | $335,882 |
Source: Ownwell
Property Tax Bills Across Stinnett, Texas
In Stinnett, located in Moore County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the market value of your property. This assessed value is then multiplied by the local tax rate to determine your annual tax bill. Homeowners in Stinnett experience a range of tax bills. For instance, the tax bill at the 25th percentile is $1,056, while at the 75th percentile, it rises to $2,606. The 90th percentile tax bill can reach up to $3,329. These figures indicate a significant variance in tax bills depending on property values and specific assessments. Compared to the national median property tax rate of 0.99%, the property tax rate in Stinnett can lead to relatively higher or lower tax bills depending on individual property assessments. For homeowners, understanding these factors is crucial as they directly impact annual financial planning and long-term property investments.
Average Stinnett Tax Bill
$1,664
Average Moore County Tax Bill
$1,748
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Stinnett, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79083 | $728 | $1,056 | $1,664 | $2,606 | $3,329 |
Source: Ownwell