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Panhandle, Potter County, Texas Property Taxes

Median Panhandle, TX effective property tax rate: 1.32%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%. Median Panhandle, TX home value: $29,877. Median annual Panhandle, TX tax bill: $921, $1,479 lower than the national median property tax bill of $2,400.

How are property taxes in Potter County calculated?

Property taxes in Panhandle, 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 Panhandle’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Panhandle, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Panhandle, Potter County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.32%

Estimate Property Tax Bill

$394

$366

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Panhandle Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Panhandle with just two data points. By entering your property's estimated assessed value, our calculator applies Panhandle’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 more 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 Potter County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Panhandle, Potter County, Texas

Local government entities are responsible for setting tax rates, which can vary significantly within Texas. Annually, each county calculates its required budget for services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This process, although influenced by votes and laws, essentially determines your annual property tax obligation.

In Panhandle, located in Potter County, the effective property tax rate is a key factor for homeowners to consider. Texas's median property tax rate is higher than the national median, which means property owners in Texas generally face a higher tax burden compared to the national average. However, within Texas, tax rates can fluctuate significantly from one area to another.

Understanding how Panhandle’s tax rate compares to other cities in Texas and the national median can help property owners make informed decisions. By staying informed about local tax rates and how they measure up to state and national figures, property owners can better anticipate their annual tax liabilities and plan accordingly.

Property Tax Rates Across Panhandle, Potter County, Texas

Source: Ownwell

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0.55%

1.39%

2.23%

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 Panhandle Taxx Rate

1.32%

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 Potter County Taxx Rate

2.16%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Panhandle, Potter County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
790680.93%1.19%1.32%1.61%1.61%

Source: Ownwell

Property Tax Assessment Values Across Panhandle, Potter County, Texas

When examining property taxes in Panhandle, 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 Potter 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 Potter 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 Panhandle.

For example, the median home price in Panhandle is $29,877, with tax bills ranging significantly across the county. Zip code 79068 has the highest median home price at $29,877.

Property Tax Assessment Values Across Panhandle, Potter County, Texas

Source: Ownwell

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$26,166

$220,630

$415,093

Median Panhandle Market Value

$29,877

Median Potter County Market Value

$109,916

Median Texas Market Value

$247,950

Median United States Market Value

$244,900

Property Tax Assessment Values Across Panhandle, Potter County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
79068$3,804$13,272$29,877$125,134$163,968

Source: Ownwell

Property Tax Bills Across Panhandle, Potter County, Texas

In Panhandle, located in Potter County, TX, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. With the median home price at $29,877, homeowners in Panhandle typically pay less in property taxes compared to the national median tax bill of $2,400. The 25th percentile tax bill in Panhandle is $288, while the 75th percentile reaches $2,002, and at the 90th percentile, it is $2,465. This indicates a range of tax burdens depending on property value and applicable exemptions. For homeowners, these taxes can significantly impact their financial planning and overall cost of homeownership. Ownwell offers valuable assistance by providing property tax appeal services, potentially lowering tax bills by identifying discrepancies in assessed values or ensuring eligible exemptions are applied. By leveraging Ownwell's expertise, homeowners can achieve considerable savings, making property ownership more affordable and manageable.

Property Tax Bills Across Panhandle, Potter County, Texas

Source: Ownwell

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$321

$3,487

$6,653

Median Panhandle Tax Bill

$921

Median Potter County Tax Bill

$2,237

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,690

Property Tax Bills Across Panhandle, Potter County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
79068$169$288$921$2,002$2,465

Source: Ownwell

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