Wichita County Property Taxes
The median property tax rate in Wichita County is 1.79%, 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 Wichita County, the typical annual property tax bill reaches $2,023, which is below the national median of $2,690. Property taxes in Wichita 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 Wichita 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 Wichita Falls or another part of Wichita County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wichita County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.79%
Estimate Property Tax Bill
$2,365
$2,195
Ownwell’s Wichita County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wichita County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wichita County to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For more localized information, scroll down to explore trends at the city level. Your property assessed value is the value assigned by your county for property tax calculations and considers any exemptions you may have on your property.
Property Tax Rates Across Wichita County, Texas
Property taxes in Wichita County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wichita County is 1.79%, which is higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Wichita County set these rates annually, and they can vary significantly between different areas within the county. Each year, Wichita 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 Wichita County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Wichita Falls has one of the higher property tax rates in Texas at 1.90%, while the city of Iowa Park boasts one of the lowest at 0.44%. Analyzing how Wichita County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wichita County Tax Rate
1.79%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wichita County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Burkburnett | 0.97% | 1.38% | 1.85% | 2.34% | 2.48% |
| Electra | 0.54% | 0.90% | 1.53% | 2.24% | 2.44% |
| Iowa Park | 0.33% | 0.38% | 0.44% | 0.51% | 0.54% |
| Kamay | 0.28% | 0.36% | 0.38% | 0.49% | 0.57% |
| Wichita Falls | 0.96% | 1.38% | 1.90% | 2.34% | 2.44% |
Source: Ownwell
Property Tax Assessment Values Across Wichita County, Texas
In Wichita 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 Wichita 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 Wichita 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. The city with the highest median tax bill in Wichita County is Wichita Falls at $2,342, while the lowest is in Iowa Park at $627. Being aware of these valuation processes in Wichita County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Wichita County Assessed Value
$132,128
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wichita County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Burkburnett | $21,345 | $65,779 | $131,938 | $213,214 | $286,499 |
| Electra | $8,675 | $22,126 | $49,821 | $91,723 | $152,931 |
| Iowa Park | $37,695 | $83,541 | $141,229 | $219,770 | $312,625 |
| Kamay | $30,734 | $84,566 | $164,762 | $235,342 | $279,116 |
| Wichita Falls | $33,315 | $73,902 | $138,053 | $218,977 | $321,214 |
Source: Ownwell
Property Tax Bills Across Wichita County, Texas
In Wichita 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 produce the annual tax bill. For homeowners in Wichita County, the median home price is $132,128, which provides a baseline for understanding typical tax bills in the area. Several factors influence the final tax bill, including the home's assessed value, any applicable exemptions, and the specific tax rates set by local taxing authorities. For example, tax bills in Wichita County vary significantly, with the 25th percentile at $858 and the 75th percentile reaching $3,692. Homeowners in Wichita County experience a range of tax burdens, with the highest median tax bill recorded in Wichita Falls at $2,342, while Iowa Park has the lowest at $627. These variations highlight the importance of understanding local assessments and exemptions, as they can greatly impact the financial obligations of property owners.
Average Wichita County Tax Bill
$2,023
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Wichita County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Burkburnett | $383 | $1,074 | $2,244 | $3,707 | $5,365 |
| Electra | $111 | $291 | $633 | $1,288 | $2,227 |
| Iowa Park | $168 | $372 | $627 | $980 | $1,468 |
| Kamay | $46 | $283 | $963 | $1,046 | $1,113 |
| Wichita Falls | $459 | $1,151 | $2,342 | $4,019 | $6,084 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Wichita Appraisal District | |
| Website | esearch.wadtx.com |