Sunray, Sherman County, Texas Property Taxes
Median Sunray, TX effective property tax rate: 0.48%, significantly lower than the national median of 1.02%, and also lower than the Texas state median of 1.67%.
Median Sunray, TX home value: $340,370
Median annual Sunray, TX tax bill: $1,633, $767 lower than the national median property tax bill of $2,400.
How are property taxes in Sherman County calculated?
Property taxes in Sunray, 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 Sunray’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sunray, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sunray, Sherman County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.48%
Estimate Property Tax Bill
$1,634
$1,516
Property Tax Rates Across Sunray, Sherman County, Texas
Local government entities set tax rates, which can vary widely within a state. This variation occurs because 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 there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Sunray in Sherman County, Texas, has an effective property tax rate that is notably lower than both the Texas state median and the national median. The median property tax rate in Texas is higher than Sunray's, reflecting the diverse tax landscape across the state. Nationally, the median property tax rate is significantly higher, which may be surprising to some homeowners in Sunray. This lower tax rate can be a financial relief for property owners in the area, offering a more affordable living situation compared to other regions. Understanding these differences is crucial for property owners considering relocation or investment, as property taxes can significantly impact overall expenses.
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 Sunray Tax Rate
0.48%
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 Sherman County Tax Rate
0.41%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Sunray, Sherman County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79086 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Sunray, Sherman County, Texas
When examining property taxes in Sunray, 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 Sherman 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 Sherman 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 Sunray. For example, the median home price in Sunray is $340,370, with tax bills ranging significantly across the county. 79086 has the highest median home price at $340,370.
Property Tax Assessment Values Across Sunray, Sherman County, Texas
Source: Ownwell
$69,870
$88,785
$107,700
Median Sunray Market Value
$340,370
Median Sherman County Market Value
$101,340
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Sunray, Sherman County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79086 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Sunray, Sherman County, Texas
In Sunray, located in Sherman County, TX, property tax bills are determined by assessing the property's market value and applying the local tax rate. The assessed value is a significant factor, and homeowners in Sunray should be aware that property tax rates can vary based on local budgets and needs. The median property tax bill in Sherman County is notably lower than the national median of $2,400, with a 25th percentile tax bill of $984 and a 75th percentile tax bill of $2,281. Homeowners in Sunray may find their tax bills influenced by changes in property values and local tax rates, which can impact their financial planning.
Ownwell offers valuable services to homeowners in Sunray by providing expert property tax appeal and exemption services. By leveraging local knowledge and expertise, Ownwell can help homeowners potentially reduce their property tax bills, ensuring they only pay their fair share. This assistance can be crucial in alleviating the financial burden of property taxes, allowing homeowners to allocate resources more efficiently.
Median Sunray Tax Bill
$1,633
Median Sherman County Tax Bill
$384
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Sunray, Sherman County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79086 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell