Caddo, Texas Property Taxes
The median property tax rate in Caddo, TX is 1.36%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $334,990 in Caddo, the typical annual property tax bill amounts to $4,776, significantly surpassing the national median of $2,690. Property taxes in Caddo are calculated based on the assessed value, which is often less than the market value due to various exemptions like those for primary residences and agricultural land. Grasping the intricacies of Caddo's property tax system, exploring available exemptions, and pinpointing opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of Caddo or in its outskirts, a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Caddo, 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 Caddo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Caddo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Caddo 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 Caddo, Texas
Property taxes in Caddo, Texas, are essential for funding critical local services like public schools, road maintenance, and emergency services. The median tax rate in Caddo is 1.46%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Caddo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caddo 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 Caddo's effective property tax rate to other counties in Texas and the national median. For comparison, the 76429 zip code has the highest median property tax rate of 1.46%, while the 76429 zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Caddo provides valuable insights into the varying tax landscape across Palo Pinto, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caddo Tax Rate
1.36%
Average Palo Pinto County Tax Rate
1.57%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caddo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76429 | 1.36% | 1.36% | 1.36% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Caddo, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Caddo, Texas. 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 local 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 Caddo, 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. Being aware of these valuation processes in Caddo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Caddo is $4,776 in the 76429 zip code, while the lowest median tax bill also stands at $4,776 in the same zip code.
Average Caddo Assessed Value
$334,990
Average Palo Pinto County Assessed Value
$144,560
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caddo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76429 | $185,088 | $256,870 | $334,990 | $494,990 | $672,496 |
Source: Ownwell
Property Tax Bills Across Caddo, Texas
In Caddo, Palo Pinto County, TX, property tax bills are primarily calculated based on the assessed value of a home. The assessed value is determined by the county appraisal district, which evaluates the property's market value. Once the market value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Caddo, the median home price stands at $334,990. The tax bills in this area can vary significantly, with the 25th percentile tax bill around $3,566 and the 75th percentile reaching $6,959. At the higher end, the 90th percentile tax bill can go up to $9,824. These figures highlight the substantial impact property taxes can have on homeowners' finances. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding how local rates might affect overall costs. For instance, the highest median tax bill in Palo Pinto County is $4,776, indicating that property taxes in Caddo can be a significant expense for residents, influencing their budget and financial planning.
Average Caddo Tax Bill
$4,776
Average Palo Pinto County Tax Bill
$2,369
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Caddo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76429 | $2,309 | $3,566 | $4,776 | $6,959 | $9,824 |
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 |