Yantis, Texas Property Taxes
The median property tax rate in Yantis, TX, is 0.84%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $142,840 in Yantis, the typical annual property tax bill is $845, significantly below the national median of $2,690. Property taxes in Yantis are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural use. By understanding Yantis's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Yantis or another part of Wood County, comprehending the local property tax system will yield financial benefits.
Last Updated June 14, 2024
Yantis, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,200
$1,113
Ownwell’s Yantis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yantis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yantis 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 Yantis, Texas
Property taxes in Yantis, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yantis is 0.84%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Yantis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yantis 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 Yantis's effective property tax rate to other counties in Texas and the national median. For comparison, the 75497 zip code has the highest median property tax rate of 0.84%, while the 75497 zip code also has the lowest median tax rate of 0.84%. Understanding how these cities compare with Yantis provides valuable insights into the varying tax landscape across Wood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Yantis Tax Rate
0.84%
Average Wood County Tax Rate
0.67%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yantis, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75497 | 0.31% | 0.55% | 0.84% | 1.27% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Yantis, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Yantis, Texas. 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 Wood 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 Yantis, 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. The median home price in Yantis is $142,840, with tax bills ranging from $169 at the 25th percentile to $5,429 at the 90th percentile. The highest and lowest median tax bills both occur in the 75497 zip code, amounting to $845. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Yantis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Yantis Assessed Value
$142,840
Average Wood County Assessed Value
$164,060
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yantis, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75497 | $8,500 | $19,660 | $142,840 | $391,000 | $630,956 |
Source: Ownwell
Property Tax Bills Across Yantis, Texas
In Yantis, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the Wood County appraisal district and reflects the market value of the property. Factors considered in this valuation include the property's location, size, and condition. Homeowners in Yantis can expect varying tax bills depending on their property's value. For instance, the tax bill for properties at the 25th percentile is around $169, while those at the 75th percentile can be as high as $2,884. The top 10% of property tax bills can reach up to $5,429. The median home price in Yantis is $142,840, which influences the overall tax burden for homeowners. Compared to the national median property tax rate of 0.99%, Yantis presents a unique range of tax bills that significantly affect homeowners' finances. Understanding these factors can help residents better anticipate their annual property tax obligations.
Average Yantis Tax Bill
$845
Average Wood County Tax Bill
$816
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Yantis, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75497 | $58 | $169 | $845 | $2,884 | $5,429 |
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 |