Pickton, Wood County, Texas Property Taxes
Median Pickton, TX effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Pickton, TX home value: $348,500
Median annual Pickton, TX tax bill: $2,083, $317 lower than the national median property tax bill of $2,400.
How are property taxes in Wood County calculated?
Property taxes in Pickton, 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 Pickton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pickton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Pickton, Wood County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.65%
Estimate Property Tax Bill
$2,265
$2,102
Property Tax Rates Across Pickton, Wood County, Texas
Local government entities determine tax rates, which can vary significantly within a state. Each year, counties estimate the budget needed to provide services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While the process involves votes and regulations, this is the basic annual procedure.
In Pickton, located in Wood County, Texas, the effective property tax rate is 0.65%, which is notably lower than the national median property tax rate of 1.02%. This means homeowners in Pickton are likely to pay less in property taxes compared to the national average. The property tax rate in Pickton is consistent with the lowest and highest rates within its zip code, 75471, reflecting a uniformity in tax assessments in the area.
Understanding these rates helps homeowners anticipate their annual tax obligations and potentially identify opportunities for tax appeals or exemptions. By comparing Pickton’s property tax rate to both state and national figures, residents can gain a clearer perspective on their financial commitments.
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 Pickton Tax Rate
0.65%
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 Wood County Tax Rate
0.67%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Pickton, Wood County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75471 | 0.35% | 0.51% | 0.65% | 0.87% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Pickton, Wood County, Texas
When examining property taxes in Pickton, TX, 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 Wood 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 Wood 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 Pickton. For example, the median home price in Pickton is $348,500, with tax bills ranging significantly across the county. 75471 has the highest median home price at $348,500.
Property Tax Assessment Values Across Pickton, Wood County, Texas
Source: Ownwell
$123,810
$280,895
$437,980
Median Pickton Market Value
$348,500
Median Wood County Market Value
$164,060
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Pickton, Wood County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75471 | $128,420 | $217,615 | $348,500 | $525,640 | $610,013 |
Source: Ownwell
Property Tax Bills Across Pickton, Wood County, Texas
In Pickton, located in Wood County, TX, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the area is $348,500, which influences the tax bill amount. Homeowners can expect a median property tax bill of $2,083, which is slightly below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,264 and the 90th percentile reaching $4,470, reflecting differences in property values and tax rates within the region. These variations impact homeowners' financial planning, as higher tax bills can strain budgets.
Ownwell offers valuable assistance to homeowners in Pickton by providing property tax appeal and exemption services. By leveraging expertise in local tax laws and market trends, Ownwell helps homeowners identify potential savings on their property tax bills. This can lead to significant reductions in annual expenses, ensuring that homeowners pay only their fair share. With Ownwell's assistance, homeowners can navigate the complexities of property taxes more effectively, securing financial relief and peace of mind.
Median Pickton Tax Bill
$2,083
Median Wood County Tax Bill
$816
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Pickton, Wood County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75471 | $684 | $1,264 | $2,083 | $3,065 | $4,470 |
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 | |
|---|---|
| Wood Appraisal District | |
| Website | esearch.woodcad.net |