Clarksville, Texas Property Taxes
The median property tax rate in Clarksville, TX, is 1.80%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Clarksville at $79,148, the typical annual property tax bill reaches $1,281, which is below the national median of $2,690. Property taxes in Clarksville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clarksville'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 Clarksville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clarksville, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$1,425
$1,318
Ownwell’s Clarksville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarksville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarksville 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 Clarksville, Texas
Property taxes in Clarksville, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarksville is 1.80%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Clarksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarksville 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 Clarksville's effective property tax rate to other counties in Texas and the national median. For comparison, the 75426 zip code has the highest median property tax rate of 1.80%, while the same zip code has the lowest median tax rate of 1.80%. Understanding how these cities compare with Clarksville 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 Clarksville Tax Rate
1.80%
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 Clarksville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75426 | 0.85% | 1.32% | 1.80% | 2.44% | 2.44% |
Source: Ownwell
Property Tax Assessment Values Across Clarksville, Texas
In Clarksville, 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 Clarksville, 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 median home price in Clarksville is $79,148, with tax bills ranging from $576 at the 25th percentile to $3,163 at the 90th percentile. The zip code 75426 has both the highest and lowest median tax bills at $1,281. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clarksville Assessed Value
$79,148
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 Clarksville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75426 | $9,000 | $33,592 | $79,148 | $133,871 | $238,701 |
Source: Ownwell
Property Tax Bills Across Clarksville, Texas
In Clarksville, located in Red River County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this region is $79,148. Property taxes are determined by multiplying the assessed home value by the local property tax rate, which is then adjusted by any applicable exemptions. For homeowners in Clarksville, the tax bill can vary significantly. The 25th percentile tax bill is around $576, while the 75th percentile tax bill reaches $2,145. At the 90th percentile, homeowners can expect to pay up to $3,163. These variations reflect differences in property values and any exemptions applied. Compared to the national median property tax rate of 0.99%, Clarksville homeowners experience a range of tax burdens. The highest median tax bill recorded in the area is $1,281, which is associated with the zip code 75426. This variability in tax bills impacts homeowners differently, influencing their overall cost of living and financial planning.
Average Clarksville Tax Bill
$1,281
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 Clarksville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75426 | $162 | $576 | $1,281 | $2,145 | $3,163 |
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 |