Amarillo, Texas Property Taxes
The median property tax rate in Amarillo, TX is 2.16%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Amarillo at $109,921, the typical annual property tax bill amounts to $2,241, which is below the national median of $2,690. Property taxes in Amarillo are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Amarillo'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 Amarillo or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Amarillo, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Amarillo, Texas Tax Savings
Ownwell’s Amarillo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Amarillo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Amarillo to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Amarillo. 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 Amarillo, Texas
Property taxes in Amarillo, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Amarillo is 2.16%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Amarillo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amarillo 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 Amarillo's effective property tax rate to other counties in Texas and the national median. For comparison, the 79111 zip code has the highest median property tax rate of 2.23%, while the 79119 zip code has the lowest median tax rate of 1.61%. Understanding how these cities compare with Amarillo provides valuable insights into the varying tax landscape across Potter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Amarillo Tax Rate
2.16%
Average Potter County Tax Rate
2.16%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amarillo, Texas
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
- | N/A | N/A | N/A | N/A | N/A |
79010 | N/A | N/A | N/A | N/A | N/A |
7910 | N/A | N/A | N/A | N/A | N/A |
79101 | 1.49% | 2.03% | 2.16% | 2.16% | 2.16% |
79102 | 1.82% | 1.99% | 2.16% | 2.16% | 2.16% |
79103 | 1.67% | 1.71% | 2.16% | 2.16% | 2.16% |
79104 | 1.62% | 1.78% | 2.16% | 2.16% | 2.16% |
79106 | 1.84% | 1.91% | 2.16% | 2.16% | 2.16% |
79107 | 1.59% | 1.74% | 2.16% | 2.16% | 2.16% |
79108 | 1.18% | 1.37% | 1.77% | 2.13% | 2.20% |
79109 | 1.90% | 2.02% | 2.16% | 2.16% | 2.16% |
79111 | 2.23% | 2.23% | 2.23% | 2.23% | 2.23% |
79117 | N/A | N/A | N/A | N/A | N/A |
79118 | 1.09% | 1.27% | 1.61% | 2.16% | 2.23% |
79119 | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% |
79120 | N/A | N/A | N/A | N/A | N/A |
79121 | 1.88% | 1.90% | 1.93% | 2.16% | 2.16% |
79124 | 1.41% | 1.59% | 1.93% | 2.09% | 2.16% |
L12 | N/A | N/A | N/A | N/A | N/A |
O08 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Amarillo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Amarillo, Texas
In Amarillo, 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 Potter 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 Amarillo, 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 Amarillo is $6,333 in the 79124 zip code, while the lowest is $894 in the 79111 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Amarillo Assessed Value
$109,921
Average Potter County Assessed Value
$109,916
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Amarillo, Texas
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
- | N/A | N/A | N/A | N/A | N/A |
79010 | N/A | N/A | N/A | N/A | N/A |
7910 | N/A | N/A | N/A | N/A | N/A |
79101 | $25,560 | $47,829 | $86,289 | $121,124 | $186,325 |
79102 | $41,989 | $76,916 | $129,169 | $182,406 | $240,974 |
79103 | $7,051 | $39,726 | $113,919 | $144,940 | $175,256 |
79104 | $11,983 | $50,948 | $78,503 | $108,236 | $139,300 |
79106 | $43,486 | $70,768 | $129,417 | $193,368 | $265,958 |
79107 | $4,664 | $37,312 | $79,104 | $112,501 | $142,252 |
79108 | $3,845 | $22,957 | $111,277 | $195,869 | $264,545 |
79109 | $73,362 | $125,646 | $182,255 | $258,866 | $423,501 |
79111 | $33,451 | $36,772 | $39,798 | $46,346 | $54,927 |
79117 | N/A | N/A | N/A | N/A | N/A |
79118 | $2,354 | $13,065 | $81,590 | $211,534 | $291,955 |
79119 | $86,057 | $86,057 | $86,057 | $86,057 | $86,057 |
79120 | N/A | N/A | N/A | N/A | N/A |
79121 | $195,910 | $208,361 | $218,102 | $239,601 | $252,808 |
79124 | $106,534 | $228,956 | $335,597 | $445,021 | $582,324 |
L12 | N/A | N/A | N/A | N/A | N/A |
O08 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Amarillo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Amarillo, Texas
In Amarillo, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the Potter County Appraisal District and reflects the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Amarillo, the property tax burden can vary significantly. The median home price is $109,921, resulting in a wide range of tax bills. For instance, the 25th percentile tax bill is $1,315, while the 75th percentile reaches $3,643, and the 90th percentile is as high as $5,962. Notably, the highest median tax bill in the area is $6,333 in zip code 79124, whereas the lowest is $894 in zip code 79111. Ownwell can help homeowners reduce their property tax bills by providing expert property tax appeal and exemption services. By ensuring that properties are accurately assessed and by identifying applicable exemptions, Ownwell can help homeowners achieve significant savings on their annual tax bills.
Average Amarillo Tax Bill
$2,241
Average Potter County Tax Bill
$2,237
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Amarillo, Texas
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
- | N/A | N/A | N/A | N/A | N/A |
79010 | N/A | N/A | N/A | N/A | N/A |
7910 | N/A | N/A | N/A | N/A | N/A |
79101 | $619 | $1,031 | $1,707 | $2,490 | $3,738 |
79102 | $906 | $1,633 | $2,688 | $3,716 | $4,915 |
79103 | $534 | $1,351 | $2,267 | $2,874 | $3,375 |
79104 | $628 | $1,124 | $1,587 | $2,066 | $2,661 |
79106 | $904 | $1,476 | $2,609 | $3,884 | $5,356 |
79107 | $332 | $976 | $1,655 | $2,228 | $2,767 |
79108 | $192 | $1,054 | $2,365 | $3,562 | $4,623 |
79109 | $1,629 | $2,637 | $3,783 | $5,386 | $8,655 |
79111 | $752 | $819 | $894 | $1,032 | $1,223 |
79117 | N/A | N/A | N/A | N/A | N/A |
79118 | $90 | $637 | $1,778 | $3,453 | $4,743 |
79119 | $1,383 | $1,383 | $1,383 | $1,383 | $1,383 |
79120 | N/A | N/A | N/A | N/A | N/A |
79121 | $3,830 | $4,057 | $4,355 | $4,670 | $5,173 |
79124 | $2,215 | $4,368 | $6,333 | $8,183 | $11,220 |
L12 | N/A | N/A | N/A | N/A | N/A |
O08 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Amarillo Tax Savings
Save on your property taxes & more with 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 | |
---|---|
Potter Appraisal District | |
Website | www.prad.org |
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