Childress, Texas Property Taxes
The median property tax rate in Childress, TX is 0.56%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Childress at $41,410, the typical annual property tax bill amounts to $243, far below the national median of $2,690. Property taxes in Childress are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Childress'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 Childress or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Childress, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Childress Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Childress with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Childress 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 Childress, Texas
Property taxes in Childress, Texas, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Childress is 1.15%, higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Childress set these rates annually, and they can vary significantly across different neighborhoods. Each year, Childress 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 Childress's effective property tax rate to other counties in Texas and the national median. For comparison, the 79201 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Childress provides valuable insights into the varying tax landscape across Childress County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Childress Tax Rate
0.56%
Average Motley County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Childress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79201 | 0.51% | 0.53% | 0.56% | 0.60% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Childress, Texas
In Childress, 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 Childress 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 Childress, 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. For instance, the median home price in Childress is $41,410, with tax bills ranging from $196 at the 25th percentile to $1,549 at the 90th percentile. The zip code 79201 has the highest and lowest median tax bill at $243. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Childress Assessed Value
$41,410
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 Childress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79201 | $28,145 | $35,350 | $41,410 | $86,530 | $194,275 |
Source: Ownwell
Property Tax Bills Across Childress, Texas
In Childress, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the property's market value. Several factors influence this assessment, including the home's location, size, and condition. Once the assessed value is established, the local property tax rate is applied to calculate the tax bill. For homeowners in Childress, the median home price is $41,410. Property tax bills can vary significantly; for example, the 25th percentile tax bill is $196, while the 75th percentile reaches $436. At the 90th percentile, homeowners might see tax bills as high as $1,549. These figures are relatively low compared to the national median property tax rate of 0.99%. Understanding how these factors interplay helps homeowners anticipate their annual tax obligations. Lower property tax bills can make homeownership more affordable, but they also reflect the local government's revenue for public services such as schools, roads, and emergency services.
Average Childress Tax Bill
$243
Average Motley County Tax Bill
$376
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Childress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79201 | $153 | $196 | $243 | $436 | $1,549 |
Source: Ownwell