Plains, Texas Property Taxes
The median property tax rate in Plains, TX is 1.16%, notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Plains at $48,646, the typical annual property tax bill amounts to $440, which is significantly below the national median of $2,690. Property taxes in Plains are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Plains' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Plains or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Plains, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$564
$522
Ownwell’s Plains Property Tax Bill Calculator is designed to assist homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Plains with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Plains to project your property tax bill. This valuable tool provides clarity on potential tax liabilities, ensuring you are well-prepared for any financial obligations. For those interested in more detailed insights, you can explore trends on a neighborhood level by scrolling down. Your property's assessed value is determined by the county for tax purposes, factoring in any applicable exemptions.
Property Tax Rates Across Plains, Texas
Property taxes in Plains, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plains is 1.16%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Plains set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plains 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 Plains' effective property tax rate to other counties in Texas and the national median. For comparison, the 79355 zip code has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Plains provides valuable insights into the varying tax landscape across Yoakum County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Plains Tax Rate
1.16%
Average Yoakum County Tax Rate
1.43%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plains, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79355 | 0.30% | 0.63% | 1.16% | 2.22% | 2.23% |
Source: Ownwell
Property Tax Assessment Values Across Plains, Texas
In Plains, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Yoakum 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 Plains, 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. By understanding the distinction between 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 Plains helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 79355, with a median tax bill of $440.
Average Plains Assessed Value
$48,646
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 Plains, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79355 | $7,398 | $19,868 | $48,646 | $98,906 | $184,385 |
Source: Ownwell
Property Tax Bills Across Plains, Texas
In Plains, located in Yoakum County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence this process, including the home's market value, any applicable exemptions, and the specific tax rate set by local government entities. Homeowners in Plains experience a range of tax bills. For instance, the 25th percentile tax bill is around $165, while the 75th percentile reaches $1,112. The 90th percentile tax bill can go as high as $2,305. The median tax bill in the area is $440, which is significantly lower than the national median property tax rate of 0.99%. This lower tax burden can be beneficial for homeowners, making it more affordable to maintain property ownership in the region. However, homeowners must stay informed about potential changes in assessed values and tax rates to manage their expenses effectively.
Average Plains Tax Bill
$440
Average Yoakum County Tax Bill
$762
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Plains, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79355 | $63 | $165 | $440 | $1,112 | $2,305 |
Source: Ownwell