Annona, Texas Property Taxes
The median property tax rate in Anonna, TX is 1.73%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Anonna, the typical annual property tax bill reaches $881, which is below the national median of $2,690. Property taxes in Anonna are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Anonna'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 Anonna or another part of Red River County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Annona, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$1,171
$1,086
Ownwell’s Anonna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anonna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anonna 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 Annona, Texas
Property taxes in Anonna, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Anonna is 1.73%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Anonna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anonna 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 Anonna's effective property tax rate to other counties in Texas and the national median. For comparison, the 75550 zip code has the highest median property tax rate of 1.73%, while the same 75550 zip code has the lowest median tax rate of 1.73%. Understanding how these cities compare with Anonna provides valuable insights into the varying tax landscape across Red River County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Annona Tax Rate
1.73%
Average Red River County Tax Rate
1.66%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Annona, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75550 | 0.55% | 1.11% | 1.73% | 1.91% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Annona, Texas
In Anona, 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 Red River 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 Anona, 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. The median home price in Anona is $67,661, with tax bills ranging from $365 at the 25th percentile to $3,217 at the 90th percentile. The highest and lowest median tax bills are both $881 in the 75550 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Annona Assessed Value
$67,661
Average Red River County Assessed Value
$92,290
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Annona, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75550 | $9,000 | $27,751 | $67,661 | $137,971 | $329,319 |
Source: Ownwell
Property Tax Bills Across Annona, Texas
In Annona, located in Red River County, TX, property tax bills are calculated based on the assessed value of the property, which is determined by the local appraisal district. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and market conditions influence the assessed value. For homeowners in Annona, the median home price is $67,661. The property tax rate in Annona is higher than the national median of 0.99%, impacting homeowners significantly. For instance, the tax bill at the 25th percentile is $365, while at the 75th percentile, it rises to $1,742. At the 90th percentile, homeowners can expect to pay as much as $3,217. The highest median tax bill in the region is $881, which is consistent across the zip code 75550. These tax bills can represent a substantial portion of a homeowner's annual expenses, making it essential to understand how these taxes are calculated and managed.
Average Annona Tax Bill
$881
Average Red River County Tax Bill
$1,273
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Annona, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75550 | $138 | $365 | $881 | $1,742 | $3,217 |
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 | |
|---|---|
| Red River Appraisal District | |
| Website | rrcad.org |