Terrell County, Texas Property Taxes
The median property tax rate in Terrell County is 1.86%, 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 Terrell County, the typical annual property tax bill reaches $612, which is well below the national median of $2,690. Property taxes in Terrell 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 Terrell 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 Sanderson or another part of Terrell County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Terrell County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.86%
Estimate Property Tax Bill
$646
$600
Ownwell’s Terrell County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Terrell County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Terrell 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 Terrell County, Texas
Property taxes in Terrell County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Terrell County is 1.86%, which is higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within Terrell County set these rates annually, and they can vary significantly between different areas within the county. Each year, Terrell 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 Terrell County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Sanderson has one of the higher property tax rates in Texas at 1.86%, while the city of Dryden boasts one of the lowest at 1.61%. Analyzing how Terrell County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Terrell County Tax Rate
1.86%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Terrell County, Texas
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Terrell County, Texas. 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 Terrell 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 Terrell 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 the county is found in Sanderson at $637, while Dryden has the lowest median tax bill at $477. Being aware of these valuation processes in Terrell County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Terrell County Assessed Value
$34,740
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Bills Across Terrell County, Texas
In Terrell County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence this calculation, including the property's market value, any applicable exemptions, and the specific tax rate set by local jurisdictions. Homeowners in Terrell County experience a range of tax bills. For instance, the 25th percentile tax bill is $233, while the 75th percentile tax bill reaches $1,368. At the 90th percentile, homeowners face a tax bill of $2,110. In Sanderson, the highest median tax bill is $637, while Dryden sees the lowest median tax bill at $477. These figures highlight the variability in tax obligations within the county. Compared to the national median property tax rate of 0.99%, Terrell County's tax rates can significantly impact homeowners' financial planning. Understanding these factors is crucial for homeowners to anticipate their annual property tax expenses accurately.
Average Terrell County Tax Bill
$612
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690