Graham, Texas Property Taxes
The median property tax rate in Graham, TX is 1.63%, slightly lower than the Texas state median of 1.67% but still significantly higher than the national median of 0.99%. With a median home value of $269,930, the typical annual property tax bill in Graham reaches $3,970, far exceeding the national median of $2,690. Property taxes in Graham are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural use. Understanding Graham'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 Graham or another part of Stephens County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Graham, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Graham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Graham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Graham 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 Graham, Texas
Property taxes in Graham, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Graham is 1.63%, significantly higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Graham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Graham 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 Graham's effective property tax rate to other counties in Texas and the national median. For comparison, the 76450 zip code has the highest median property tax rate of 1.63%, while the same zip code also has the lowest median tax rate of 1.63%. Understanding how these cities compare with Graham provides valuable insights into the varying tax landscape across Stephens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Graham Tax Rate
1.63%
Average Stephens County Tax Rate
1.63%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Graham, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76450 | 0.73% | 1.63% | 1.63% | 1.63% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Graham, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Graham, Texas. 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 Stephens 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 Graham, 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 highest median tax bill in Graham is $3,970 in the zip code 76450, which also happens to be the lowest median 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 Graham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Graham Assessed Value
$269,930
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 Graham, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76450 | $34,590 | $142,510 | $269,930 | $450,710 | $595,410 |
Source: Ownwell
Property Tax Bills Across Graham, Texas
In Graham, located in Stephens County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district, which evaluates the property to establish its market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the assessed value, including the property's size, age, location, and condition. Homeowners in Graham can expect varying tax bills, with the 25th percentile at $1,788 and the 75th percentile reaching $6,289. At the higher end, the 90th percentile tax bill can be as much as $8,146. These property taxes fund essential services such as public schools, emergency services, and infrastructure maintenance, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Graham's property tax bills reflect the region's specific market conditions and local government funding needs.
Average Graham Tax Bill
$3,970
Average Stephens County Tax Bill
$1,510
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Graham, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76450 | $518 | $1,788 | $3,970 | $6,289 | $8,146 |
Source: Ownwell