Yoakum County, Texas Property Taxes
The median property tax rate in Yoakum County is 1.43%, which is significantly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Yoakum County, the typical annual property tax bill is $762, far below the national median of $2,690. Property taxes in Yoakum 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 Yoakum 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 Denver City or another part of Yoakum County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Yoakum County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$859
$797
Ownwell’s Yoakum County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yoakum County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Yoakum County to estimate your property tax bill. This insightful tool 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 Yoakum County, Texas
Property taxes in Yoakum County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Yoakum County is 1.43%, 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 Yoakum County set these rates annually, and they can vary significantly between different areas within the county. Each year, Yoakum 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 Yoakum County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Denver City has one of the higher property tax rates in Texas at 1.55%, while the city of Plains boasts one of the lowest at 1.16%. Analyzing how Yoakum County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Yoakum County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yoakum County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Denver City | 0.47% | 0.85% | 1.55% | 2.63% | 2.63% |
| Plains | 0.30% | 0.63% | 1.16% | 2.22% | 2.23% |
| Seagraves | N/A | N/A | N/A | N/A | N/A |
| Tokio | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Yoakum County, Texas
In Yoakum 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 Yoakum 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 Yoakum 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. Being aware of these valuation processes in Yoakum County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. The highest median tax bill in the county is in Denver City at $904, while Plains has the lowest median tax bill at $440.
Average Yoakum County Assessed Value
$60,076
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yoakum County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Denver City | $13,662 | $32,442 | $64,513 | $124,639 | $189,311 |
| Plains | $7,398 | $19,868 | $48,646 | $98,906 | $184,385 |
| Seagraves | N/A | N/A | N/A | N/A | N/A |
| Tokio | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Yoakum County, Texas
In Yoakum County, TX, property tax bills are calculated based on the assessed value of a property. The local tax authority determines the assessed value, which is a percentage of the property's market value. Various factors influence the tax bill, including property size, location, and any improvements made. Homeowners in Yoakum County experience a range of tax bills, with the 25th percentile at $289 and the 75th percentile reaching $1,605. The 90th percentile tax bill can go up to $2,834, reflecting higher-valued properties or those with significant enhancements. Comparatively, the median property tax bill in Yoakum County is lower than the national median property tax rate of 0.99%. For example, Denver City has the highest median tax bill at $904, whereas Plains has the lowest at $440. These differences can significantly impact homeowners, influencing their overall cost of living and financial planning. Understanding these factors is crucial for homeowners looking to manage their property tax obligations effectively.
Average Yoakum County Tax Bill
$762
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Yoakum County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Denver City | $143 | $370 | $904 | $1,764 | $2,995 |
| Plains | $63 | $165 | $440 | $1,112 | $2,305 |
| Seagraves | N/A | N/A | N/A | N/A | N/A |
| Tokio | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell