Winters, Texas Property Taxes
The median property tax rate in Winters, TX is 2.41%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Winters at $55,370, the typical annual property tax bill reaches $1,203, which is below the national median of $2,690. Property taxes in Winters are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Winters' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Winters 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
Winters, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.41%
Estimate Property Tax Bill
$1,334
$1,235
Ownwell’s Winters Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Winters with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Winters to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the value assigned by Runnels County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Winters, Texas
Property taxes in Winters, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winters is 2.41%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Winters set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winters 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 Winters' effective property tax rate to other counties in Texas and the national median. For comparison, the 79567 zip code has the highest median property tax rate of 2.41%, while the same zip code also has the lowest median tax rate of 2.41%. Understanding how these cities compare with Winters provides valuable insights into the varying tax landscape across Runnels County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Winters Tax Rate
2.41%
Average Runnels County Tax Rate
2.12%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winters, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79567 | 1.69% | 2.15% | 2.41% | 2.41% | 2.41% |
Source: Ownwell
Property Tax Assessment Values Across Winters, Texas
In Winters, 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 Runnels 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 Winters, 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. Being aware of these valuation processes in Winters helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Winters is $55,370, with annual tax bills ranging from $684 at the 25th percentile to $2,838 at the 90th percentile. The highest median tax bill in the area is $1,203, found in the 79567 zip code.
Average Winters Assessed Value
$55,370
Average Runnels County Assessed Value
$72,550
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Winters, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79567 | $11,484 | $30,235 | $55,370 | $98,575 | $144,034 |
Source: Ownwell
Property Tax Bills Across Winters, Texas
Property tax bills in Winters, located in Runnels County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district and reflects the property's market value. Homeowners in Winters typically see a median home price of $55,370. The tax rate, applied to this assessed value, results in varying tax bills across different percentiles. For example, the 25th percentile tax bill is $684, while the 75th percentile tax bill reaches $1,942, and the 90th percentile tax bill can go up to $2,838. These property tax bills are influenced by factors such as property size, location, and market conditions. Compared to the national median property tax rate of 0.99%, Winters' tax rates can significantly impact homeowners' annual expenses. Higher property taxes can affect affordability and may influence decisions regarding property ownership and investment. Understanding these factors is crucial for homeowners to manage their finances effectively and plan for future tax liabilities.
Average Winters Tax Bill
$1,203
Average Runnels County Tax Bill
$1,423
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Winters, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79567 | $262 | $684 | $1,203 | $1,942 | $2,838 |
Source: Ownwell