Reagan County Property Taxes
The median property tax rate in Reagan County is 2.32%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Reagan County, the typical annual property tax bill reaches $659, which is considerably lower than the national median of $2,690. Property taxes in Reagan County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Reagan County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Big Lake or another part of Reagan County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Reagan County 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 Reagan County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Reagan County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Reagan County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Reagan County, Texas
Property taxes in Reagan County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Reagan County is 2.32%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Reagan County set these rates annually, and they can vary significantly between different areas within the county. Each year, Reagan County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Reagan County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Big Lake has one of the higher property tax rates in Texas at 2.32%, while the city of Houston boasts one of the lowest at 1.31%. Analyzing how Reagan County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Reagan County Tax Rate
2.32%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reagan County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Lake | 1.31% | 1.35% | 2.32% | 2.32% | 2.32% |
| Garden City | 0.83% | 1.31% | 1.31% | 1.31% | 1.31% |
| Houston | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Reagan County, Texas
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Reagan County, TX. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Reagan County Appraisal District. The assessed value, however, 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. Assessment notices in Reagan County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, property owners in Big Lake face the highest median tax bill at $654, while those in Garden City have the lowest at $603. Being aware of these valuation processes in Reagan County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Reagan County Assessed Value
$33,488
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Reagan County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Lake | $7,162 | $16,469 | $32,260 | $73,276 | $144,780 |
| Garden City | $12,930 | $24,904 | $57,377 | $79,306 | $111,047 |
| Houston | $4,410 | $4,410 | $4,410 | $4,410 | $4,410 |
Source: Ownwell
Property Tax Bills Across Reagan County, Texas
In Reagan County, TX, property tax bills are calculated based on the assessed value of homes, which is determined by local tax assessors. The assessed value is then multiplied by the county’s property tax rate to determine the annual tax bill. For example, with a median home price of $33,488, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Several factors influence the final tax bill, including the property's location within the county, any applicable exemptions, and the specific tax rates set by local authorities. Homeowners in Reagan County experience a range of tax bills, with the 25th percentile at $334 and the 75th percentile at $1,383. The tax bill can go as high as $2,850 for the 90th percentile of properties. Comparatively, Reagan County's property tax bills are relatively low, with the highest median tax bill in Big Lake at $654 and the lowest in Garden City at $603. These figures highlight the variability and potential financial impact on homeowners within the county.
Average Reagan County Tax Bill
$659
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Reagan County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Lake | $140 | $334 | $654 | $1,359 | $2,668 |
| Garden City | $169 | $326 | $603 | $873 | $1,257 |
| Houston | $58 | $58 | $58 | $58 | $58 |
Source: Ownwell