Throckmorton County, Texas Property Taxes

Name: Property Tax Bills Across Throckmorton County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Throckmorton County effective property tax rate: 2.65%, significantly higher than the national median of 1.02%.
Median Throckmorton County home value: $42,190
Median annual Throckmorton County tax bill: $1,022, $1,378 lower than the national median property tax bill of $2,400.

How are property taxes in Throckmorton County calculated?

Property taxes in Throckmorton County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Throckmorton or another part of Throckmorton County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Throckmorton County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.65%

Estimate Property Tax Bill

$1,118

$1,038

Ownwell’s Throckmorton County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Throckmorton County with just two data points. By entering your property's estimated assessed value, our calculator applies Throckmorton County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Throckmorton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Throckmorton County, Texas

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Throckmorton County's effective property tax rate to other counties in Texas or the U.S. median property tax rate. Throckmorton County's median property tax rate stands at 2.65%, significantly higher than the national median of 1.02%. Within the county, Throckmorton city has the highest median tax rate at 2.79%, while Elbert boasts the lowest at 1.99%. This variation underscores the importance of understanding local tax structures and seeking potential savings through property tax appeals. With the national median property tax bill at $2400, residents in Throckmorton County may find themselves paying considerably more. Understanding these differences can help property owners make informed decisions and potentially reduce their tax burdens.

Property Tax Rates Across Throckmorton County, Texas

Source: Ownwell

1.99%

2.39%

2.79%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Throckmorton County Tax Rate

2.65%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Throckmorton County, Texas

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Elbert	1.79%	1.88%	1.99%	2.01%	2.04%
Goree	N/A	N/A	N/A	N/A	N/A
Newcastle	N/A	N/A	N/A	N/A	N/A
Olney	N/A	N/A	N/A	N/A	N/A
Throckmorton	1.94%	2.63%	2.79%	2.79%	2.79%
Woodson	1.47%	1.70%	2.18%	2.18%	2.18%

Source: Ownwell

Property Tax Assessment Values Across Throckmorton County, Texas

When examining property taxes in Throckmorton County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Throckmorton County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Throckmorton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Throckmorton County. For example, the median tax bill in Throckmorton County is $1,429, with tax bills ranging significantly across the county. Elbert has the highest median home price at $75,830.

Property Tax Assessment Values Across Throckmorton County, Texas

Source: Ownwell

$38,550

$57,190

$75,830

Median Throckmorton County Market Value

$42,190

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Throckmorton County, Texas

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Elbert	$34,588	$47,130	$75,830	$106,790	$134,614
Goree	N/A	N/A	N/A	N/A	N/A
Newcastle	N/A	N/A	N/A	N/A	N/A
Olney	N/A	N/A	N/A	N/A	N/A
Throckmorton	$6,990	$20,170	$42,445	$79,372	$131,665
Woodson	$9,088	$19,625	$38,550	$66,900	$105,966

Source: Ownwell

Property Tax Bills Across Throckmorton County, Texas

In Throckmorton County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as property size, location, and market conditions can influence the assessed value. Homeowners in Throckmorton County experience a range of property tax bills. For instance, the 25th percentile tax bill is $485, indicating that a quarter of homeowners pay this amount or less. On the higher end, the 90th percentile tax bill reaches $2,865, showing significant variability. In comparison, the national median property tax bill is $2,400, highlighting that some homeowners in Throckmorton County may pay considerably less. Cities within the county also show variation, with Elbert having the highest median tax bill at $1,429 and Woodson the lowest at $797. These differences can impact homeowners' financial planning and influence decisions on property purchases.

Property Tax Bills Across Throckmorton County, Texas

Source: Ownwell

$797

$1,113

$1,429

Median Throckmorton County Tax Bill

$1,022

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Throckmorton County, Texas

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Elbert	$702	$915	$1,429	$2,150	$2,452
Goree	N/A	N/A	N/A	N/A	N/A
Newcastle	N/A	N/A	N/A	N/A	N/A
Olney	N/A	N/A	N/A	N/A	N/A
Throckmorton	$172	$530	$1,093	$1,955	$3,171
Woodson	$180	$385	$797	$1,241	$1,707

Source: Ownwell

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