Stephens County, Texas Property Taxes
The median property tax rate in Stephens County is 1.63%, which is significantly higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With the median home value in Stephens County at $101,665, the typical annual property tax bill reaches $1,510, which is below the national median of $2,690. Property taxes in Stephens 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 Stephens 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 Breckenridge or another part of Stephens County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stephens County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$1,657
$1,538
Ownwell’s Stephens County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Stephens County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Stephens 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 Stephens County, Texas
Property taxes in Stephens County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Stephens County is 1.63%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Stephens County set these rates annually, and they can vary significantly between different areas within the county. Each year, Stephens 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 Stephens County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Breckenridge has one of the higher property tax rates in Texas at 1.72%, while the city of Graham boasts one of the lowest at 1.63%. Analyzing how Stephens County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Stephens County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stephens County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Breckenridge | 0.74% | 1.35% | 1.72% | 2.68% | 2.68% |
| Caddo | N/A | N/A | N/A | N/A | N/A |
| Cisco | N/A | N/A | N/A | N/A | N/A |
| Graham | 0.73% | 1.63% | 1.63% | 1.63% | 1.63% |
| Moran | N/A | N/A | N/A | N/A | N/A |
| Ranger | N/A | N/A | N/A | N/A | N/A |
| Woodson | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Stephens County, Texas
In Stephens County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Stephens 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 Stephens 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, Graham has the highest median tax bill at $3,970, while Breckenridge has the lowest at $1,513. Being aware of these valuation processes in Stephens County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Stephens County Assessed Value
$101,665
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stephens County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Breckenridge | $16,524 | $44,850 | $94,730 | $175,930 | $308,110 |
| Caddo | N/A | N/A | N/A | N/A | N/A |
| Cisco | N/A | N/A | N/A | N/A | N/A |
| Graham | $34,590 | $142,510 | $269,930 | $450,710 | $595,410 |
| Moran | N/A | N/A | N/A | N/A | N/A |
| Ranger | N/A | N/A | N/A | N/A | N/A |
| Woodson | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Stephens County, Texas
In Stephens County, TX, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Stephens County is $101,665. Homeowners can expect their annual property tax bills to vary widely based on their property's assessed value and the specific tax rates set by local taxing authorities. For instance, the 25th percentile tax bill in Stephens County is $694, while the 75th percentile tax bill is $2,965. At the higher end, the 90th percentile tax bill reaches $4,806. These figures illustrate the range of property tax obligations homeowners might face. Factors influencing these tax bills include the home's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Stephens County's tax rates can significantly impact homeowners' financial obligations, making it crucial for them to understand how their tax bills are calculated and what relief options might be available.
Average Stephens County Tax Bill
$1,510
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Stephens County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Breckenridge | $299 | $727 | $1,513 | $2,868 | $4,504 |
| Caddo | N/A | N/A | N/A | N/A | N/A |
| Cisco | N/A | N/A | N/A | N/A | N/A |
| Graham | $518 | $1,788 | $3,970 | $6,289 | $8,146 |
| Moran | N/A | N/A | N/A | N/A | N/A |
| Ranger | N/A | N/A | N/A | N/A | N/A |
| Woodson | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell