Rate Breakdown

Property taxes in Concho County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Concho County

In Concho County, Texas, property taxes are calculated based on the assessed value of a property. The assessment process involves determining the market value of a property, which is then multiplied by the assessment ratio to arrive at the assessed value. The assessed value is then multiplied by the millage rate, which is set by the local government, to determine the property tax amount. The millage rate in Concho County varies depending on the location and type of property. For example, the county has a millage rate of 0.75% for residential properties, while agricultural properties have a lower millage rate of 0.50%.

The assessment process typically occurs annually, with notices sent to property owners in April or May. It is essential to review the notice carefully, as it will include the assessed value, millage rate, and estimated tax amount. Property owners can also review their property records online or contact the Concho County Appraisal District for more information.

Available Exemptions

In Texas, property owners may be eligible for various exemptions that can reduce their property tax liability. The most common exemptions include:

• Homestead exemption: a $25,000 exemption on the assessed value of a primary residence
• Senior citizen exemption: an additional $10,000 exemption for homeowners 65 years or older
• Disability exemption: an exemption for homeowners with a disability, as certified by the Social Security Administration
• Veteran exemption: an exemption for veterans with a disability rating of 10% or higher, as certified by the U.S. Department of Veterans Affairs

To qualify for these exemptions, property owners must meet specific requirements and file an application with the Concho County Appraisal District. It is recommended to review the eligibility criteria and application process carefully to ensure that all requirements are met.

Payment Schedule & Deadlines

Property tax payments in Concho County are due on January 31st of each year. However, property owners can take advantage of installment options to split their tax payment into four equal installments, due on:

• November 30th (first installment)
• December 31st (second installment)
• January 31st (third installment)
• February 28th (fourth installment)

It is essential to note that late payments may result in penalties and interest, which can significantly increase the total tax amount due. Property owners should ensure that payments are made on time to avoid these consequences.

Appealing Your Assessment

If a property owner disagrees with their assessed value or tax amount, they can appeal the assessment through the Concho County Appraisal Review Board (ARB). The appeals process typically involves filing a protest form and attending a hearing to present evidence supporting the appeal. Property owners can also consider hiring a tax professional or attorney to represent them in the appeals process. It is crucial to review the appeals process and deadlines carefully, as the process can be complex and time-sensitive.