Swisher County, Texas Property Taxes
The median property tax rate in Swisher County is 1.97%, 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 Swisher County at $61,350, the typical annual property tax bill reaches $1,000, which is lower than the national median of $2,690. Property taxes in Swisher 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 Swisher 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 Tulia or another part of Swisher County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Swisher County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.97%
Estimate Property Tax Bill
$1,209
$1,122
Ownwell’s Swisher County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Swisher County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Swisher 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 Swisher County, Texas
Property taxes in Swisher County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Swisher County is 1.97%, 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 Swisher County set these rates annually, and they can vary significantly between different areas within the county. Each year, Swisher 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 Swisher County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Tulia has one of the higher property tax rates in Texas at 2.04%, while the city of Wayside boasts one of the lowest at 0.65%. Analyzing how Swisher County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Swisher County Tax Rate
1.97%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Swisher County, Texas
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Swisher County, Texas. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering factors like location, property condition, and current economic trends. For tax purposes, this value is estimated by the Swisher County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. This 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 Swisher 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, Lockney has the highest median tax bill at $2,088, while Happy has the lowest at $745. Awareness of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Swisher County Assessed Value
$61,350
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Bills Across Swisher County, Texas
In Swisher County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal district. The tax bill is derived by multiplying the assessed value by the local property tax rate. Various factors, such as the property's location, size, and market conditions, influence the assessed value. For instance, the median home price in Swisher County is $61,350. Homeowners in this region experience a range of tax bills. The 25th percentile tax bill is $442, while the 75th percentile tax bill is $1,824. At the higher end, the 90th percentile tax bill reaches $2,886. The city of Lockney within Swisher County has the highest median tax bill at $2,088, whereas Happy has the lowest at $745. These property taxes significantly impact homeowners by influencing their annual financial planning and overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Swisher County's rates demonstrate notable variability in tax burdens across different homes and locations.
Average Swisher County Tax Bill
$1,000
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690