Motley County Property Taxes
The median property tax rate in Motley County is 1.72%, 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 Motley County, the typical annual property tax bill reaches $376, which is notably lower than the national median of $2,690. Property taxes in Motley County are calculated based on the assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Motley's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Matador or another part of Motley County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Motley County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$498
$462
Ownwell’s Motley County Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Motley County with just two data points. Simply input your property's estimated assessed value, and our calculator will apply the median tax rate in Motley County to estimate your property tax bill. This insightful tool 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 considers any exemptions you may have on your property.
Property Tax Rates Across Motley County, Texas
Property taxes in Motley County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Motley County is 1.72%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Motley County set these rates annually, and they can vary significantly between different areas within the county. Each year, Motley 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 Motley County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Roaring Springs has one of the higher property tax rates in Texas at 1.81%, while the city of Turkey boasts one of the lowest at 0.52%. Analyzing how Motley County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Motley County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Motley County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Childress | 0.51% | 0.53% | 0.56% | 0.60% | 0.76% |
| Flomot | 0.48% | 0.55% | 0.61% | 1.34% | 1.81% |
| Floydada | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
| Lockney | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% |
| Matador | 0.99% | 1.14% | 1.80% | 2.36% | 2.39% |
| Quitaque | 0.76% | 0.80% | 0.86% | 0.97% | 1.03% |
| Roaring Springs | 0.77% | 1.10% | 1.81% | 2.02% | 2.49% |
| Turkey | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Motley County, Texas
In Motley 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 Motley 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 Motley 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. For instance, Floydada has the highest median tax bill at $994, while Turkey has the lowest at $130. Being aware of these valuation processes in Motley County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Motley County Assessed Value
$28,970
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Motley County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Childress | $28,145 | $35,350 | $41,410 | $86,530 | $194,275 |
| Flomot | $6,270 | $26,020 | $39,205 | $64,340 | $102,715 |
| Floydada | $179,370 | $179,370 | $179,370 | $179,370 | $179,370 |
| Lockney | $26,410 | $26,410 | $26,410 | $26,410 | $26,410 |
| Matador | $1,162 | $9,628 | $30,570 | $54,548 | $82,615 |
| Quitaque | $87,098 | $93,695 | $104,690 | $129,070 | $143,698 |
| Roaring Springs | $2,273 | $9,770 | $24,565 | $41,288 | $63,350 |
| Turkey | $24,920 | $24,920 | $24,920 | $24,920 | $24,920 |
Source: Ownwell
Property Tax Bills Across Motley County, Texas
In Motley County, TX, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Motley County is $28,970. Homeowners in this region experience varying tax bills, with the 25th percentile paying around $158 and the 75th percentile paying approximately $733. For those at the 90th percentile, tax bills can reach up to $1,304. Factors influencing these tax bills include the assessed value of the property, which reflects the home's market value, and the specific tax rate set by local authorities. Homeowners in Motley County benefit from relatively low property taxes compared to the national median property tax rate of 0.99%. For instance, the highest median tax bill in the county is in Floydada at $994, while the lowest is in Turkey at just $130. These variations significantly impact homeowners, affecting their annual expenses and potentially their decision to buy or sell property in the area.
Average Motley County Tax Bill
$376
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Motley County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Childress | $153 | $196 | $243 | $436 | $1,549 |
| Flomot | $30 | $160 | $253 | $506 | $889 |
| Floydada | $994 | $994 | $994 | $994 | $994 |
| Lockney | $383 | $383 | $383 | $383 | $383 |
| Matador | $37 | $170 | $435 | $806 | $1,447 |
| Quitaque | $670 | $758 | $903 | $1,272 | $1,493 |
| Roaring Springs | $40 | $133 | $307 | $585 | $1,051 |
| Turkey | $130 | $130 | $130 | $130 | $130 |
Source: Ownwell