Stonewall County, Texas Property Taxes
The median property tax rate in Stonewall County is 3.00%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Stonewall County, the typical annual property tax bill reaches $1,361, which is still below the national median of $2,690. Property taxes in Stonewall 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 Stonewall 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 Aspermont or another part of Stonewall County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stonewall County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3%
Estimate Property Tax Bill
$1,440
$1,336
Ownwell’s Stonewall County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stonewall County with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Stonewall County to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and plan accordingly. For more detailed trends at a city level, scroll down to navigate to a more localized informational page. Your property’s assessed value is determined by the county and includes any exemptions you may qualify for, ensuring a precise calculation tailored to your specific situation.
Property Tax Rates Across Stonewall County, Texas
Property taxes in Stonewall County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Stonewall County is 3.00%, which is significantly higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Stonewall County set these rates annually, and they can vary significantly between different areas within the county. Each year, Stonewall 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 Stonewall County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Aspermont has one of the higher property tax rates in Texas at 3.00%, while the city of Jayton boasts one of the lowest at 2.42%. Analyzing how Stonewall County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Stonewall County Tax Rate
3.00%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Stonewall County, Texas
In Stonewall 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 Stonewall 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 Stonewall 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, the highest median tax bill in Stonewall County is found in Rotan at $3,325, while the lowest is in Hamlin at $873. Being aware of these valuation processes in Stonewall County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Stonewall County Assessed Value
$47,990
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Bills Across Stonewall County, Texas
In Stonewall County, TX, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the local appraisal district and reflects the market value of the property. Once the assessed value is established, the tax rate, set by local taxing entities such as school districts and municipal governments, is applied to this value to calculate the tax bill. Several factors influence the tax bill, including property location, home size, and any applicable exemptions. For instance, the median home price in Stonewall County is $47,990. Homeowners in the 25th percentile face tax bills around $505, while those in the 75th percentile see bills closer to $2,026. At the 90th percentile, tax bills can reach up to $2,881. The highest median tax bill in the county is $3,325 in Rotan, whereas Hamlin has the lowest at $873. Understanding these factors can help homeowners anticipate their property tax obligations and manage their finances more effectively.
Average Stonewall County Tax Bill
$1,361
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690