Palo Pinto County, Texas Property Taxes
Median Palo Pinto County effective property tax rate: 1.57%, significantly higher than the national median of 1.02%. Median Palo Pinto County home value: $144,560. Median annual Palo Pinto County tax bill: $2,369, $31 lower than the national median property tax bill of $2,400.
How are property taxes in Palo Pinto County calculated?
Property taxes in Palo Pinto County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Mineral Wells or another part of Palo Pinto County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Palo Pinto County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.57%
Estimate Property Tax Bill
$2,270
$2,106
Property Tax Rates Across Palo Pinto County, Texas
Local government entities are responsible for setting property tax rates, and these can differ significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the fundamental process.
Compare Palo Pinto County's effective property tax rate to other counties in Texas or the U.S. median property tax rate. Palo Pinto County's median property tax rate is 1.57%, higher than the national median property tax rate of 1.02%. Within the county, Mineral Wells has the highest median tax rate at 1.80%, while Caddo enjoys the lowest at 1.36%. The national median property tax bill is $2400, which can help put these figures into perspective. Understanding these differences can aid in making informed decisions about property investments and potential savings through property tax appeals or exemptions.
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 Palo Pinto County Tax Rate
1.57%
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 Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Palo Pinto County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Caddo | 1.36% | 1.36% | 1.36% | 1.48% | 1.48% |
| Gordon | 1.23% | 1.42% | 1.58% | 1.66% | 1.94% |
| Graford | 1.19% | 1.36% | 1.48% | 1.48% | 1.61% |
| Graham | 1.47% | 1.48% | 1.48% | 1.48% | 1.48% |
| Lipan | 1.06% | 1.42% | 1.67% | 1.72% | 1.72% |
| Millsap | 1.21% | 1.42% | 1.71% | 1.71% | 1.71% |
| Mineral Wells | 1.25% | 1.55% | 1.80% | 2.27% | 2.27% |
| Mingus | 1.15% | 1.39% | 1.79% | 1.79% | 1.79% |
| Palo Pinto | 0.88% | 1.07% | 1.36% | 1.42% | 1.42% |
| Perrin | 1.38% | 1.43% | 1.45% | 1.45% | 1.65% |
| Santo | 0.89% | 1.03% | 1.42% | 1.42% | 1.42% |
| Strawn | 1.17% | 1.34% | 1.57% | 1.57% | 1.58% |
| Whitt | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Palo Pinto County, Texas
When examining property taxes in Palo Pinto County, 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 Palo Pinto 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.
Assessment notices:
In Palo Pinto County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Palo Pinto County.
For example, the median tax bill in Palo Pinto County is $2,400, with tax bills ranging significantly across the county. Graham has the highest median home price at $395,910.
Property Tax Assessment Values Across Palo Pinto County, Texas
Source: Ownwell
$64,230
$230,070
$395,910
Median Palo Pinto County Market Value
$144,560
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Palo Pinto County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Caddo | $185,088 | $256,870 | $334,990 | $494,990 | $672,496 |
| Gordon | $35,485 | $78,282 | $171,415 | $360,285 | $605,655 |
| Graford | $36,603 | $86,918 | $329,080 | $768,048 | $1,400,217 |
| Graham | $32,142 | $125,195 | $395,910 | $846,678 | $1,366,273 |
| Lipan | $25,866 | $65,875 | $130,335 | $269,825 | $417,580 |
| Millsap | $36,811 | $47,008 | $87,135 | $171,968 | $308,647 |
| Mineral Wells | $31,986 | $66,420 | $122,600 | $200,670 | $291,106 |
| Mingus | $15,022 | $35,330 | $64,230 | $115,930 | $182,808 |
| Palo Pinto | $22,002 | $69,538 | $152,750 | $298,965 | $439,296 |
| Perrin | $22,558 | $58,265 | $122,235 | $167,900 | $293,155 |
| Santo | $25,000 | $63,745 | $133,360 | $237,625 | $397,380 |
| Strawn | $29,588 | $60,520 | $131,130 | $355,050 | $1,091,774 |
| Whitt | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Palo Pinto County, Texas
Median Palo Pinto County Tax Bill
$2,369
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Palo Pinto County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Caddo | $2,309 | $3,566 | $4,776 | $6,959 | $9,824 |
| Gordon | $555 | $1,270 | $2,656 | $5,130 | $9,305 |
| Graford | $543 | $1,266 | $4,667 | $11,073 | $20,412 |
| Graham | $473 | $1,729 | $5,738 | $11,982 | $20,166 |
| Lipan | $423 | $1,013 | $1,957 | $3,955 | $6,757 |
| Millsap | $549 | $786 | $1,396 | $2,601 | $4,966 |
| Mineral Wells | $617 | $1,176 | $2,186 | $3,711 | $5,297 |
| Mingus | $256 | $504 | $971 | $1,757 | $2,940 |
| Palo Pinto | $290 | $786 | $1,854 | $3,844 | $5,537 |
| Perrin | $287 | $842 | $1,751 | $2,398 | $3,862 |
| Santo | $484 | $894 | $1,699 | $2,968 | $5,064 |
| Strawn | $431 | $841 | $1,954 | $5,395 | $16,820 |
| Whitt | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Palo Pinto Appraisal District | |
| Website | iswdataclient.azurewebsites.net |