Vernon, Wilbarger County, Texas Property Taxes

Name: Property Tax Bills Across Vernon, Wilbarger County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Vernon, TX effective property tax rate: 2.02%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Vernon, TX home value: $62,260
Median annual Vernon, TX tax bill: $1,008, $1,392 lower than the national median property tax bill of $2,400.

How are property taxes in Wilbarger County calculated?

Property taxes in Vernon, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Vernon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Vernon, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Vernon, Wilbarger County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.02%

Estimate Property Tax Bill

$1,258

$1,167

Ownwell’s Vernon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Vernon with just two data points. By entering your property's estimated assessed value, our calculator applies Vernon's median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Wilbarger County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Vernon, Wilbarger County, Texas

Local government entities in Texas set tax rates that can vary widely within the state. Annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. Vernon, located in Wilbarger County, has an effective property tax rate of 2.02%. This rate is significantly higher than the national median property tax rate of 1.02%. In fact, Vernon's rate is among the highest in the nation, highlighting the importance of understanding local property tax dynamics. This comparison provides valuable insight into how Vernon's tax rate stacks up against other cities in Texas and the broader U.S. landscape. Understanding these differences can be crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Vernon, Wilbarger County, Texas

Source: Ownwell

1.57%

1.79%

2.02%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Vernon Tax Rate

2.02%

Median Effective Wilbarger County Tax Rate

1.98%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Vernon, Wilbarger County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
76384	0.41%	1.67%	2.02%	2.33%	2.33%
76385	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Vernon, Wilbarger County, Texas

When examining property taxes in Vernon, Texas, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Wilbarger County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Wilbarger County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Vernon. For example, the median home price in Vernon is $62,260, with tax bills ranging significantly across the county. 76384 has the highest median home price at $62,210.

Property Tax Assessment Values Across Vernon, Wilbarger County, Texas

Source: Ownwell

$36,420

$49,315

$62,210

Median Vernon Market Value

$62,260

Median Wilbarger County Market Value

$62,920

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Vernon, Wilbarger County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
76384	$18,428	$33,380	$62,210	$136,755	$235,902
76385	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Vernon, Wilbarger County, Texas

In Vernon, Wilbarger County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Vernon is $62,260, which contributes to determining the tax bill. Homeowners in Vernon can expect to pay a tax bill that varies significantly, with the 25th percentile at $549 and the 75th percentile at $1,894. The 90th percentile reaches up to $3,147, indicating the range of tax burdens homeowners might face. The median property tax bill in the area is $1,009, which is below the national median of $2,400, making it relatively affordable compared to other regions.

Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax bills. By analyzing property assessments and market conditions, Ownwell identifies discrepancies and advocates for fair adjustments. This process can result in significant savings for homeowners, ensuring they only pay what is necessary. Homeowners can rely on Ownwell's expertise to navigate the complexities of property tax assessments and secure the best possible outcome.

Property Tax Bills Across Vernon, Wilbarger County, Texas

Source: Ownwell

$652

$831

$1,009

Median Vernon Tax Bill

$1,008

Median Wilbarger County Tax Bill

$986

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Vernon, Wilbarger County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
76384	$241	$549	$1,009	$1,897	$3,149
76385	N/A	N/A	N/A	N/A	N/A

Source: Ownwell