Pecos, Reeves County, Texas Property Taxes

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Pecos in Reeves County, Texas, has an effective property tax rate of 2.09%, which is notably higher than the national median of 1.02%. This means that property owners in Pecos may find themselves paying more in property taxes compared to many other regions across the country. However, compared to the Texas state median, Pecos remains consistent, as the state itself is known for having relatively high property tax rates. Understanding these rates can help property owners in Pecos make informed decisions about their investments and finances. By considering the effective property tax rate, residents can better plan for their annual expenses and explore potential savings through tax appeals or exemptions.

In Pecos, located in Reeves 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 the area is $72,209, and homeowners typically face a tax bill of around $1,352, which is significantly lower than the national median property tax bill of $2,400. The tax bill can vary widely, with some homeowners paying as little as $725, while others pay up to $3,834, depending on factors like property location and assessed value.

For homeowners in Pecos, understanding these factors is crucial as they directly impact their annual expenses. This is where Ownwell comes in. By offering expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax burden. With a keen understanding of local tax assessments and regulations, Ownwell can assist in identifying discrepancies in assessed values and advocating for fairer tax bills, ensuring homeowners are not overpaying on their property taxes.