Kamay, Texas Property Taxes
The median property tax rate in Kamay, TX is 0.38%, significantly lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Kamay at $164,762, the typical annual property tax bill is around $963, well below the national median of $2,690. Property taxes in Kamay are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Kamay'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 Kamay or another part of Wichita County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kamay, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$626
$581
Ownwell’s Kamay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kamay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kamay 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 Kamay, Texas
Property taxes in Kamay, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kamay is 0.38%, lower than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Kamay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kamay 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 Kamay's effective property tax rate to other counties in Texas and the national median. For comparison, the 77494 zip code has the highest median property tax rate of 2.61%, while the 79821 zip code has the lowest median tax rate of 0.18%. Understanding how these cities compare with Kamay provides valuable insights into the varying tax landscape across Wichita County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kamay Tax Rate
0.38%
Average Wichita County Tax Rate
1.79%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kamay, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76369 | 0.28% | 0.36% | 0.38% | 0.49% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Kamay, Texas
In Kamay, 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 Wichita 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 Kamay, 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 Kamay is $963 in the 76369 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 Kamay Assessed Value
$164,762
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 Kamay, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76369 | $30,734 | $84,566 | $164,762 | $235,342 | $279,116 |
Source: Ownwell
Property Tax Bills Across Kamay, Texas
In Kamay, Wichita County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners in Kamay experience a range of property tax bills, with the 25th percentile at $283 and the 75th percentile at $1,046. The highest median tax bill in the area is $963, which is notably lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, exemptions, and the specific tax rate set by local taxing authorities. These taxes fund essential public services such as schools, infrastructure, and emergency services. For homeowners, this means that property taxes can significantly impact annual expenses, making it crucial to understand and potentially appeal assessed values to ensure fair taxation. The variability in tax bills underscores the importance of staying informed about local property tax policies and assessments.
Average Kamay Tax Bill
$963
Average Wichita County Tax Bill
$2,023
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Kamay, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76369 | $46 | $283 | $963 | $1,046 | $1,113 |
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 |