Shamrock, Texas Property Taxes
The median property tax rate in Shamrock, TX is 2.39%, significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Shamrock at $43,955, the typical annual property tax bill amounts to $971, which is lower than the national median of $2,690. Property taxes in Shamrock are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Shamrock's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Shamrock or another part of Wheeler County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shamrock, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.39%
Estimate Property Tax Bill
$1,051
$972
Ownwell’s Shamrock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shamrock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shamrock 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 Shamrock, Texas
Property taxes in Shamrock, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shamrock is 2.39%, significantly higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Shamrock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shamrock 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 Shamrock's effective property tax rate to other counties in Texas and the national median. For comparison, the 79079 zip code has the highest median property tax rate of 2.39%, while the same zip code also has the lowest median tax rate of 2.39%. Understanding how these cities compare with Shamrock provides valuable insights into the varying tax landscape across Wheeler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shamrock Tax Rate
2.39%
Average Wheeler County Tax Rate
2.39%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shamrock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79079 | 1.82% | 2.20% | 2.39% | 2.39% | 2.39% |
Source: Ownwell
Property Tax Assessment Values Across Shamrock, Texas
In Shamrock, 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 Wheeler 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 Shamrock, 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. Being aware of these valuation processes in Shamrock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Shamrock are both $971.00, found in zip code 79079.
Average Shamrock Assessed Value
$43,955
Average Wheeler County Assessed Value
$49,600
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shamrock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79079 | $10,681 | $21,780 | $43,955 | $86,300 | $141,337 |
Source: Ownwell
Property Tax Bills Across Shamrock, Texas
In Shamrock, located in Wheeler County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is derived from the market value, which is then multiplied by the local tax rate. For example, with a median home price of $43,955, homeowners can expect their property tax bill to vary significantly. Factors such as the home's size, location, and condition play a crucial role in determining its assessed value. The tax bill for properties in Shamrock can range widely, with the 25th percentile tax bill at $471 and the 75th percentile tax bill reaching $1,941. At the higher end, the 90th percentile tax bill can go up to $3,036. These figures highlight the variability in property tax obligations depending on individual property characteristics. Compared to the national median property tax rate of 0.99%, homeowners in Shamrock may find their tax bills relatively manageable, but it's essential to consider how these taxes impact overall housing affordability and financial planning.
Average Shamrock Tax Bill
$971
Average Wheeler County Tax Bill
$1,062
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Shamrock, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79079 | $247 | $471 | $971 | $1,941 | $3,036 |
Source: Ownwell