Pyote, Texas Property Taxes
The median property tax rate in Pyote, TX is 1.63%, which is significantly higher than the national median of 0.99% but slightly below the Texas state median of 1.67%. With a median home value of $31,005 in Pyote, the typical annual property tax bill is approximately $369, much lower than the national median of $2,690. Property taxes in Pyote are calculated based on the assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Grasping Pyote's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Pyote or another part of Ward County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pyote, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Pyote Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pyote with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pyote to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Pyote, Texas
Property taxes in Pyote, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pyote is 1.63%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Pyote set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pyote estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Pyote's effective property tax rate to other counties in Texas and the national median. For comparison, the 79777 zip code has the highest median property tax rate of 1.63%, while the same zip code also has the lowest median tax rate of 1.63%. Understanding how these cities compare with Pyote provides valuable insights into the varying tax landscape across Ward County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pyote Tax Rate
1.63%
Average Ward County Tax Rate
1.64%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pyote, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79777 | 0.46% | 0.99% | 1.63% | 1.63% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Pyote, Texas
In Pyote, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Ward County Appraisal District for tax purposes. In contrast, the assessed value 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. In Pyote, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill in Pyote is $369 in the 79777 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pyote Assessed Value
$31,005
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 Pyote, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79777 | $2,203 | $11,478 | $31,005 | $85,335 | $145,415 |
Source: Ownwell
Property Tax Bills Across Pyote, Texas
Property tax bills in Pyote, located in Ward County, TX, are determined based on the assessed value of a property and the applicable tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, size, and condition. For example, the median home price in Pyote is $31,005. The tax rate applied to this assessed value dictates the final tax bill. Homeowners in Pyote can expect their property tax bills to vary significantly. At the 25th percentile, the tax bill is around $171, while at the 75th percentile, it rises to $746. For those at the 90th percentile, the tax bill can reach up to $1,222. The highest and lowest median tax bills in Pyote are both recorded at $369, indicating a relatively stable tax environment within the zip code 79777. These property tax bills impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, which can ultimately affect property values and community well-being.
Average Pyote Tax Bill
$369
Average Ward County Tax Bill
$1,092
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Pyote, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79777 | $40 | $171 | $369 | $746 | $1,222 |
Source: Ownwell