Ochiltree County Property Taxes
The median property tax rate in Ochiltree County is 1.91%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $77,932 in Ochiltree County, the typical annual property tax bill amounts to $1,480, which is still lower than the national median of $2,690. Property taxes in Ochiltree 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 Ochiltree 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 Perryton or another part of Ochiltree County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ochiltree County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$1,489
$1,377
Ownwell’s Ochiltree County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Ochiltree County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Ochiltree 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’s 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 Ochiltree County, Texas
Property taxes in Ochiltree County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Ochiltree County is 1.91%, 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 Ochiltree County set these rates annually, and they can vary significantly between different areas within the county. Each year, Ochiltree 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. For comparison, the city of Farnsworth has one of the higher property tax rates in Texas at 1.99%, while the city of Booker boasts one of the lowest at 1.14%. Analyzing how Ochiltree County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Ochiltree County Tax Rate
1.91%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ochiltree County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Booker | 0.51% | 0.61% | 1.14% | 1.62% | 2.12% |
| Farnsworth | 1.03% | 1.32% | 1.99% | 2.05% | 2.05% |
| Perryton | 1.23% | 1.60% | 1.91% | 2.55% | 2.55% |
| Spearman | 0.78% | 1.04% | 1.51% | 1.68% | 2.27% |
| Waka | 0.57% | 0.67% | 1.67% | 2.05% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Ochiltree County, Texas
In Ochiltree 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 Ochiltree 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 Ochiltree 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, homeowners in Spearman face the highest median tax bill at $1,685, while those in Waka see the lowest at $418. Being aware of these valuation processes in Ochiltree County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Ochiltree County Assessed Value
$77,932
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ochiltree County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Booker | $5,971 | $41,834 | $153,399 | $271,074 | $565,000 |
| Farnsworth | $4,485 | $12,582 | $55,603 | $123,679 | $147,900 |
| Perryton | $8,099 | $31,832 | $78,108 | $152,625 | $226,617 |
| Spearman | $19,262 | $56,395 | $130,707 | $254,535 | $654,756 |
| Waka | $3,229 | $20,215 | $36,772 | $69,694 | $113,493 |
Source: Ownwell
Property Tax Bills Across Ochiltree County, Texas
In Ochiltree County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. This assessed value is then multiplied by the county’s property tax rate to arrive at the annual tax bill. For homeowners, this means that the amount they owe in property taxes is directly linked to the value of their property. Several factors influence the assessed value, including the property's market value, location, and any improvements or renovations made. In Ochiltree County, the median home price stands at $77,932. Tax bills can vary significantly, with the 25th percentile at $536 and the 75th percentile at $2,773. For those in the 90th percentile, tax bills can reach up to $4,256. Comparatively, the highest median tax bill in the county is in Spearman at $1,685, while the lowest is in Waka at $418. These figures highlight the variability in property tax burdens across different areas within the county, affecting homeowners differently based on their property's assessed value and location.
Average Ochiltree County Tax Bill
$1,480
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Ochiltree County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Booker | $168 | $431 | $1,479 | $3,073 | $5,123 |
| Farnsworth | $79 | $239 | $959 | $1,694 | $2,250 |
| Perryton | $165 | $553 | $1,498 | $2,783 | $4,255 |
| Spearman | $308 | $681 | $1,685 | $3,930 | $5,025 |
| Waka | $56 | $158 | $418 | $790 | $1,790 |
Source: Ownwell