Wilbarger County, Texas Property Taxes
The median property tax rate in Wilbarger County is 1.98%, 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 Wilbarger County at $62,920, the typical annual property tax bill reaches $986, which is lower than the national median of $2,690. Property taxes in Wilbarger 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 Wilbarger 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 Vernon or another part of Wilbarger County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wilbarger County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.98%
Estimate Property Tax Bill
$1,246
$1,156
Ownwell’s Wilbarger County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wilbarger County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wilbarger 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 Wilbarger County, Texas
Property taxes in Wilbarger County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wilbarger County is 1.98%, which is higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Wilbarger County set these rates annually, and they can vary significantly between different areas within the county. Each year, Wilbarger 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 Wilbarger County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Vernon has one of the higher property tax rates in Texas at 2.02%, while the city of Oklaunion boasts one of the lowest at 1.57%. Analyzing how Wilbarger County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wilbarger County Tax Rate
1.98%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Wilbarger County, Texas
In Wilbarger 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 Wilbarger 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 Wilbarger 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. Vernon has the highest median tax bill at $1,008, while Odell has the lowest at $652. Being aware of these valuation processes in Wilbarger County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Wilbarger County Assessed Value
$62,920
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Bills Across Wilbarger County, Texas
In Wilbarger County, TX, property tax bills are calculated based on the assessed value of a property, which is determined by the county appraisal district. This assessed value is then multiplied by the local tax rate to calculate the tax bill. The median home price in Wilbarger County is $62,920, which is significantly lower than the national median. Consequently, the property tax bills in this region also tend to be lower. For instance, the tax bill at the 25th percentile is $523, while at the 75th percentile, it rises to $1,849. The 90th percentile tax bill reaches $3,114. The city with the highest median tax bill in Wilbarger County is Vernon, at $1,008, whereas Odell has the lowest median tax bill at $652. These differences can be attributed to variations in property values and local tax rates within the county. Understanding these factors is crucial for homeowners as they directly impact the annual cost of owning property in Wilbarger County.
Average Wilbarger County Tax Bill
$986
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690