Adrian, Oldham County, Texas Property Taxes
The median property tax rate in Adrian, TX is 1.49%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Adrian at $87,755, the typical annual property tax bill reaches $1,373, which is below the national median of $2,690. Property taxes in Adrian are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Adrian's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Adrian or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Adrian, Oldham County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$1,308
$1,213
Ownwell’s Adrian Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Adrian with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adrian 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 Adrian, Oldham County, Texas
Property taxes in Adrian, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Adrian is 1.49%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Adrian set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adrian 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 Adrian's effective property tax rate to other counties in Texas and the national median. For comparison, the 79001 zip code has the highest median property tax rate of 1.49%, while the 79001 zip code has the lowest median tax rate of 1.49%. Understanding how these cities compare with Adrian provides valuable insights into the varying tax landscape across Oldham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adrian Tax Rate
1.49%
Average Oldham County Tax Rate
2.47%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adrian, Oldham County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79001 | 1.49% | 1.49% | 1.49% | 1.49% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Adrian, Oldham County, Texas
In Adrian, 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 Oldham 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 Adrian, 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. For instance, the highest median tax bill in Adrian is $1,373 in the 79001 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Adrian, Oldham County, Texas
Source: Ownwell
$57,400
$72,578
$87,755
Average Adrian Assessed Value
$87,755
Average Oldham County Assessed Value
$69,505
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adrian, Oldham County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79001 | $39,291 | $52,080 | $87,755 | $149,350 | $242,596 |
Source: Ownwell
Property Tax Bills Across Adrian, Oldham County, Texas
In Adrian, Oldham County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Adrian can expect their tax bills to vary significantly depending on the assessed value of their homes. For instance, the median home price in Adrian is $87,755, which provides a baseline for calculating property taxes. Several factors influence the final tax bill, including property location, local tax rates, and any applicable exemptions. The tax bill for the 25th percentile of homeowners is around $779, whereas those in the 75th percentile face bills closer to $2,222. For the top 10% of homeowners, tax bills can reach up to $3,627. This range highlights how property taxes can impact homeowners differently based on property value and local tax policies. Comparatively, with the national median property tax rate at 0.99%, Adrian's tax rates offer a perspective on local tax burdens.
Average Adrian Tax Bill
$1,373
Average Oldham County Tax Bill
$1,461
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Adrian, Oldham County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79001 | $587 | $779 | $1,373 | $2,222 | $3,627 |
Source: Ownwell