Spearman, Ochiltree County, Texas Property Taxes

Name: Property Tax Bills Across Spearman, Ochiltree County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Spearman, TX effective property tax rate: 1.51%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Spearman, TX home value: $130,707
Median annual Spearman, TX tax bill: $1,685, $715 lower than the national median property tax bill of $2,400.

How are property taxes in Ochiltree County calculated?

Property taxes in Spearman, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Spearman’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Spearman, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Spearman, Ochiltree County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.51%

Estimate Property Tax Bill

$1,974

$1,832

Ownwell’s Spearman Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Spearman with just two data points. By entering your property's estimated assessed value, our calculator applies Spearman’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Ochiltree County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Spearman, Ochiltree County, Texas

Local government entities are responsible for setting property tax rates, and these can differ significantly across a state. This variation occurs because each county estimates its necessary budget for services annually and divides this amount by the total value of all taxable property within its area, resulting in the property tax rate. Although votes and regulations play a role in determining tax rates and budgets, this is essentially the yearly process.

In Spearman, located in Ochiltree County, the effective property tax rate stands at 1.51%. This is notably higher than the national median property tax rate of 1.02%. The median property tax rate in Texas is generally lower than the national average, making Spearman's rate an outlier within the state. For homeowners, this means that property taxes in Spearman could be a significant consideration when evaluating the overall cost of homeownership. Comparing Spearman’s tax rate to the national median and other cities in Texas can provide valuable insights for potential property buyers and current homeowners. Understanding these rates can aid in making informed decisions regarding property investments and financial planning.

Property Tax Rates Across Spearman, Ochiltree County, Texas

Source: Ownwell

1.14%

1.57%

1.99%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Spearman Tax Rate

1.51%

Median Effective Ochiltree County Tax Rate

1.91%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Spearman, Ochiltree County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79081	0.78%	1.04%	1.51%	1.68%	2.27%

Source: Ownwell

Property Tax Assessment Values Across Spearman, Ochiltree County, Texas

When examining property taxes in Spearman, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Ochiltree County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Ochiltree County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Spearman. For example, the median home price in Spearman is $130,707, with tax bills ranging significantly across the county. 79081 has the highest median home price at $130,707.

Property Tax Assessment Values Across Spearman, Ochiltree County, Texas

Source: Ownwell

$36,772

$95,086

$153,399

Median Spearman Market Value

$130,707

Median Ochiltree County Market Value

$77,932

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Spearman, Ochiltree County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79081	$19,262	$56,395	$130,707	$254,535	$654,756

Source: Ownwell

Property Tax Bills Across Spearman, Ochiltree County, Texas

In Spearman, located in Ochiltree County, TX, property tax bills are calculated by applying the local tax rate to the assessed value of a property. This assessed value is determined based on the median home price, which stands at $130,707. Homeowners in Spearman face a range of tax bills, with the 25th percentile at $681 and the 75th percentile reaching $3,930. Notably, the 90th percentile tax bill can climb to $5,025. Compared to the national median property tax bill of $2,400, Spearman's property tax bills can be both lower and higher depending on the specific property value and assessment. Homeowners may find these taxes impactful, affecting their annual budgets and financial planning. Ownwell offers a solution by providing property tax appeal and exemption services, potentially lowering these bills. By leveraging expert knowledge and local data, Ownwell helps homeowners navigate the complexities of property tax assessments, ensuring they pay only their fair share and potentially saving them a significant amount on their tax bills.

Property Tax Bills Across Spearman, Ochiltree County, Texas

Source: Ownwell

$418

$1,052

$1,685

Median Spearman Tax Bill

$1,685

Median Ochiltree County Tax Bill

$1,480

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Spearman, Ochiltree County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79081	$308	$681	$1,685	$3,930	$5,025

Source: Ownwell