Kress, Texas Property Taxes
The median property tax rate in Kress, TX is 1.49%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Kress being $62,685, the typical annual property tax bill reaches $907, which is significantly below the national median of $2,690. Property taxes in Kress are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kress'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 Kress or another part of Swisher County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kress, 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 Kress Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kress with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kress 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 Kress, Texas
Property taxes in Kress, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kress is 1.49%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Kress set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kress 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 Kress's effective property tax rate to other counties in Texas and the national median. For comparison, the 79052 zip code has the highest median property tax rate of 1.49%, while the 79052 zip code has the lowest median tax rate of 1.49%. Understanding how these cities compare with Kress provides valuable insights into the varying tax landscape across Swisher County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kress Tax Rate
1.49%
Average Swisher County Tax Rate
1.97%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79052 | 0.45% | 0.81% | 1.49% | 2.41% | 2.77% |
Source: Ownwell
Property Tax Assessment Values Across Kress, Texas
In Kress, 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 Swisher 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 Kress, 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. Kress homeowners can expect a median home price of $62,685, with tax bills ranging from $353 at the 25th percentile to $2,977 at the 90th percentile. The highest and lowest median tax bill, both at $907, are found in the 79052 zip code. Being aware of these valuation processes in Kress helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kress Assessed Value
$62,685
Average Swisher County Assessed Value
$61,350
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79052 | $8,579 | $30,375 | $62,685 | $111,012 | $227,618 |
Source: Ownwell
Property Tax Bills Across Kress, Texas
In Kress, located in Swisher County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. For homeowners, the median home price is $62,685. The tax rate applied to this value determines the annual property tax bill. Factors such as the home's assessed value and any applicable exemptions play a crucial role in the final tax amount. For instance, homeowners in the 25th percentile can expect a tax bill around $353, while those in the 75th percentile might see a bill closer to $1,669. At the 90th percentile, the tax bill can reach up to $2,977. The highest median tax bill in the area is $907, which is significantly below the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable in Kress, offering a financial advantage compared to regions with higher property taxes.
Average Kress Tax Bill
$907
Average Swisher County Tax Bill
$1,000
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Kress, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79052 | $75 | $353 | $907 | $1,669 | $2,977 |
Source: Ownwell