Rankin, Upton County, Texas Property Taxes
Median Rankin, TX effective property tax rate: 1.61%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Rankin, TX home value: $41,559
Median annual Rankin, TX tax bill: $410, $1,990 lower than the national median property tax bill of $2,400.
How are property taxes in Upton County calculated?
Property taxes in Rankin, 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 Rankin’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Rankin, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Rankin, Upton County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.35%
Estimate Property Tax Bill
$607
$563
Property Tax Rates Across Rankin, Upton County, Texas
Local government entities in Texas determine tax rates, leading to significant variations across the state. Each county calculates its required budget for services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved, this is essentially the annual process.
Rankin, located in Upton County, has an effective property tax rate that stands out when compared to other cities in Texas. The median property tax rate in Rankin is 1.61%, which is higher than the national median property tax rate of 1.02%. This means that Rankin property owners pay more in property taxes relative to the national average.
The median property tax bill in Rankin also reflects this higher rate, with residents paying more than the national median bill of $2,400. Understanding these rates and how they compare to state and national figures can help property owners make informed decisions about their investments and potential tax liabilities.
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 Rankin Tax Rate
1.35%
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 Upton County Tax Rate
1.92%
Median Effective Texas Tax Rate
1.48%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Rankin, Upton County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79778 | 1.11% | 1.24% | 1.35% | 1.47% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Rankin, Upton County, Texas
When examining property taxes in Rankin, 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 Upton 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.
Assessment notices in Upton County 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 Rankin. For example, the median home price in Rankin is $41,559, with tax bills ranging significantly across the county. Zip code 79778 has the highest median home price at $41,559.
Property Tax Assessment Values Across Rankin, Upton County, Texas
Source: Ownwell
$29,846
$69,308
$108,769
Median Rankin Market Value
$44,954
Median Upton County Market Value
$37,476
Median Texas Market Value
$258,851
Median United States Market Value
$235,294
Property Tax Assessment Values Across Rankin, Upton County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79778 | $3,034 | $16,146 | $44,954 | $83,319 | $126,749 |
Source: Ownwell
Property Tax Bills Across Rankin, Upton County, Texas
Median Rankin Tax Bill
$528
Median Upton County Tax Bill
$661
Median Texas Tax Bill
$3,441
Median United States Tax Bill
$2,400
Property Tax Bills Across Rankin, Upton County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79778 | $39 | $205 | $528 | $1,072 | $1,545 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
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| Appeal Deadline | May 15 |
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