Upton County, Texas Property Taxes
The median property tax rate in Upton County is 1.73%, 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 Upton County, the typical annual property tax bill reaches $442, which is considerably lower than the national median of $2,690. Property taxes in Upton 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 Upton 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 Upton or another part of Upton County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Upton County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$614
$569
Ownwell’s Upton County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Upton County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Upton 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 Upton County, Texas
Property taxes in Upton County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Upton County is 1.73%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Upton County set these rates annually, and they can vary significantly between different areas within the county. Each year, Upton 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 Upton County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of McCamey has one of the higher property tax rates in Texas at 2.04%, while the city of Midkiff boasts one of the lowest at 1.14%. Analyzing how Upton County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Upton County Tax Rate
1.73%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Upton County, Texas
In Upton County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Upton 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 Upton 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. Being aware of these valuation processes in Upton County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. The highest median tax bill in the county is in Midland at $2,730, while the lowest is in McCamey at $353.
Average Upton County Assessed Value
$35,464
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Bills Across Upton County, Texas
In Upton County, TX, property tax bills are calculated based on the assessed value of a property and the applicable tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners in Upton County can expect their tax bills to vary significantly depending on their property's value and location. For instance, the median home price in the county is $35,464. Tax bills range from the 25th percentile at $144 to the 90th percentile at $1,898, showcasing the variability. Several factors influence the tax bill, including property size, location, and improvements. Comparing this to the national median property tax rate of 0.99%, Upton County's tax rates can be seen as relatively moderate. In contrast, nearby Midland has the highest median tax bill in the region at $2,730, while McCamey has the lowest at $353. These variations highlight how local factors and property values significantly impact tax liabilities for homeowners in Upton County.
Average Upton County Tax Bill
$442
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690