Throckmorton, Throckmorton County, Texas Property Taxes
Median Throckmorton, TX effective property tax rate: 2.79%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Throckmorton, TX home value: $42,445
Median annual Throckmorton, TX tax bill: $1,093, $1,307 lower than the national median property tax bill of $2,400.
How are property taxes in Throckmorton calculated?
Property taxes in Throckmorton, 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 Throckmorton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Throckmorton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Throckmorton, Throckmorton County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.79%
Estimate Property Tax Bill
$1,184
$1,099
Property Tax Rates Across Throckmorton, Throckmorton County, Texas
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This is because each county annually estimates its required budget to provide services and then divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Throckmorton, TX, the effective property tax rate is 2.79%, which is notably higher than the national median property tax rate of 1.02%. This high rate indicates a more substantial tax burden on property owners compared to many other regions in the U.S. However, it is important to consider that property tax rates are influenced by local budgetary needs and the total assessed property values, which vary from county to county. Understanding these factors can help property owners better navigate the complexities of property tax assessments and appeals.
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 Tax Rate
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, Throckmorton County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76483 | 1.94% | 2.63% | 2.79% | 2.79% | 2.79% |
Source: Ownwell
Property Tax Assessment Values Across Throckmorton, Throckmorton County, Texas
When examining property taxes in Throckmorton, 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 April. 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. For example, the median home price in Throckmorton is $42,445, with tax bills ranging significantly across the county. Zip code 76483 has the highest median home price at $42,445.
Property Tax Assessment Values Across Throckmorton, Throckmorton County, Texas
Source: Ownwell
$38,550
$57,190
$75,830
Median Throckmorton Market Value
$42,445
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, Throckmorton County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76483 | $6,990 | $20,170 | $42,445 | $79,372 | $131,665 |
Source: Ownwell
Property Tax Bills Across Throckmorton, Throckmorton County, Texas
In Throckmorton, Texas, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. With a median home price of $42,445, the property tax bills in Throckmorton can vary significantly. For instance, the 25th percentile tax bill is $530, while the 75th percentile reaches $1,955, and the 90th percentile is $3,171. This variation can impact homeowners differently, depending on their home's assessed value and the specific tax rate applied. The median tax bill in the area is $1,093, which is below the national median of $2,400.
Ownwell assists homeowners in Throckmorton by providing property tax appeal services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure that homeowners are not overpaying. With expert guidance, homeowners can navigate the complexities of property tax appeals and secure potential savings.
Median Throckmorton Tax Bill
$1,093
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, Throckmorton County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76483 | $172 | $530 | $1,093 | $1,955 | $3,171 |
Source: Ownwell