Caddo, Palo Pinto County, Texas Property Taxes
Median Caddo, TX effective property tax rate: 1.36%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Caddo, TX home value: $334,990
Median annual Caddo, TX tax bill: $4,776, $2,376 higher than the national median property tax bill of $2,400.
How are property taxes in Palo Pinto calculated?
Property taxes in Caddo, 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 Caddo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Caddo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Caddo, Palo Pinto County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.36%
Estimate Property Tax Bill
$4,556
$4,228
Ownwell’s Caddo Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Caddo with just two data points. By entering your property's estimated assessed value, our calculator applies Caddo’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 48363. With Caddo's property tax rates often differing from the national median, knowing your potential expenses can make a significant difference in your financial planning. Our services are designed to help you navigate these complexities and potentially lower your tax bill.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Caddo, Palo Pinto County, Texas
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Caddo’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.
In Caddo, located in Stephens County, the property tax rate is 1.36%, which is above the national median of 1.02%. The median property tax bill here is higher than the national median bill of $2,400. This higher rate is reflective of the budgetary needs and property values unique to the area. When considering property investment or relocation, understanding these rates is crucial as they directly impact financial planning. Being informed about these rates can empower property owners to make better decisions and potentially explore appeal opportunities if they feel their property is over-assessed.
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 Caddo Tax Rate
1.36%
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%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Caddo, Palo Pinto County, 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, Palo Pinto County, Texas
When examining property taxes in Caddo, Texas, 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.
In Palo Pinto 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 Caddo. For example, the median home price in Caddo is $334,990, with tax bills ranging significantly across the county. Zip code 76429 has the highest median home price at $334,990.
Property Tax Assessment Values Across Caddo, Palo Pinto County, Texas
Source: Ownwell
$64,230
$230,070
$395,910
Median Caddo Market Value
$334,990
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 Caddo, Palo Pinto County, 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, Palo Pinto County, Texas
In Caddo, Texas, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the property's market value. Factors such as the home's location, size, and condition play a significant role in this evaluation. Homeowners in Caddo face a median property tax bill of $4,776, which is significantly higher than the national median of $2,400. This high tax bill can be burdensome for homeowners, especially when compared to the national median property tax rate of 1.02%.
Ownwell provides a solution for homeowners looking to reduce their property tax bills. By leveraging expertise in property tax appeals and exemptions, Ownwell can identify discrepancies in property assessments and help homeowners file successful appeals. This process can lead to substantial savings, easing the financial burden on homeowners. With Ownwell's assistance, homeowners in Caddo can ensure they are not overpaying on their property taxes, allowing them to allocate their resources more effectively.
Median Caddo Tax Bill
$4,776
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 Caddo, Palo Pinto County, 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 |