Elbert, Throckmorton County, Texas Property Taxes

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

Median ELBERT, TX effective property tax rate: 1.99%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median ELBERT, TX home value: $75,830
Median annual ELBERT, TX tax bill: $1,429, $971 lower than the national median property tax bill of $2,400.

How are property taxes in Throckmorton calculated?

Property taxes in ELBERT, TX 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 ELBERT’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ELBERT, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Elbert, Throckmorton County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.99%

Estimate Property Tax Bill

$1,509

$1,400

Ownwell’s Elbert Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Elbert with just two data points. By entering your property's estimated assessed value, our calculator applies Elbert’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 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 Elbert, Throckmorton County, Texas

Local government entities set tax rates, which can vary widely within a state. This variation arises because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results 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 Elbert’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S.

Property Tax Rates Across Elbert, 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 Elbert Tax Rate

1.99%

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 Elbert, Throckmorton County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
76372	1.79%	1.88%	1.99%	2.01%	2.04%

Source: Ownwell

Property Tax Assessment Values Across Elbert, Throckmorton County, Texas

When examining property taxes in Elbert, TX, 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.

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 Elbert. For example, the median home price in Elbert is $75,830, with tax bills ranging significantly across the county. The 76372 zip code has the highest median home price at $75,830.

Property Tax Assessment Values Across Elbert, Throckmorton County, Texas

Source: Ownwell

$38,550

$57,190

$75,830

Median Elbert Market Value

$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 Elbert, Throckmorton County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
76372	$34,588	$47,130	$75,830	$106,790	$134,614

Source: Ownwell

Property Tax Bills Across Elbert, Throckmorton County, Texas

In Elbert, Throckmorton County, TX, property tax bills are calculated based on the assessed value of a home. The median home price here is $75,830. The property tax rate in this area is slightly above the national median rate of 1.02%. Homeowners can expect a tax bill around the median of $1,429, with amounts ranging from the 25th percentile at $915 to the 90th percentile at $2,452. Factors influencing the tax bill include the property's assessed value and the local tax rate. This can significantly impact homeowners, as the tax bill can be a substantial annual cost. For instance, even at the 75th percentile, the tax bill reaches $2,150, which is close to the national median property tax bill of $2,400. Ownwell assists homeowners by providing expert property tax appeal services, potentially reducing their tax burden. By identifying discrepancies in property assessments and advocating for fair valuations, Ownwell helps homeowners save on their property tax bills, ensuring they aren't overpaying.

Property Tax Bills Across Elbert, Throckmorton County, Texas

Source: Ownwell

$797

$1,113

$1,429

Median Elbert Tax Bill

$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 Elbert, Throckmorton County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
76372	$702	$915	$1,429	$2,150	$2,452

Source: Ownwell