Ward County, Texas Property Taxes
The median property tax rate in Ward County is 1.64%, slightly lower than the Texas state median of 1.67% but still significantly higher than the national median of 0.99%. With the median home value in Ward County at $84,385, the typical annual property tax bill amounts to $1,092, which is below the national median of $2,690. Property taxes in Ward County are calculated based on the assessed value, which often falls below the actual market value due to various property tax exemptions such as those for primary residences and agricultural use. Understanding Ward County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Monahans or another part of Ward County, gaining a thorough understanding of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ward County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.64%
Estimate Property Tax Bill
$1,384
$1,284
Ownwell’s Ward County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Ward County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Ward 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 Ward County, Texas
Property taxes in Ward County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Ward County is 1.64%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Ward County set these rates annually, and they can vary significantly between different areas within the county. Each year, Ward 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 Ward County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Wickett has one of the higher property tax rates in Texas at 1.78%, while the city of Pyote boasts one of the lowest at 1.63%. Analyzing how Ward County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Ward County Tax Rate
1.64%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ward County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barstow | 0.65% | 0.83% | 1.64% | 1.64% | 1.64% |
| Grandfalls | 0.71% | 1.05% | 1.78% | 1.97% | 1.97% |
| Monahans | 0.86% | 1.34% | 1.67% | 1.98% | 1.98% |
| Pyote | 0.46% | 0.99% | 1.63% | 1.63% | 1.64% |
| Wickett | 0.71% | 1.10% | 1.78% | 1.78% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Ward County, Texas
In Ward 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 Ward 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 Ward 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, Monahans has the highest median tax bill at $1,252, while Barstow has the lowest at $334. Being aware of these valuation processes in Ward County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Ward County Assessed Value
$84,385
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ward County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barstow | $5,060 | $11,770 | $29,830 | $68,370 | $129,830 |
| Grandfalls | $5,614 | $19,100 | $55,100 | $103,360 | $153,870 |
| Monahans | $15,380 | $38,010 | $94,290 | $162,010 | $245,120 |
| Pyote | $2,203 | $11,478 | $31,005 | $85,335 | $145,415 |
| Wickett | $7,710 | $21,130 | $48,470 | $87,610 | $133,280 |
Source: Ownwell
Property Tax Bills Across Ward County, Texas
In Ward County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors that influence the assessed value include the property's market value, location, and any improvements or modifications made to the property. Homeowners in Ward County experience a range of tax bills. For instance, the tax bill at the 25th percentile is $445, while at the 75th percentile, it reaches $2139, and at the 90th percentile, it can be as high as $3802. The city of Monahans has the highest median tax bill at $1252, whereas Barstow has the lowest at $334. These variations highlight how different factors can significantly impact the financial obligations of homeowners. Compared to the national median property tax rate of 0.99%, Ward County's tax dynamics offer a unique perspective on local property taxation.
Average Ward County Tax Bill
$1,092
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690