Rate Breakdown

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

How Property Tax Works in Terry County

In Terry County, Texas, property taxes are based on the appraised value of your property as determined by the Terry County Appraisal District (TCAD). The process involves:

• Assessment: TCAD evaluates your property annually, considering market value, property type, and improvements. You will receive a notice of appraised value by May or earlier.
• Tax Rates (Millage Rates): Local entities, such as the county, school districts, and municipalities, set their own tax rates. These rates are applied to your property's taxable value (appraised value minus exemptions).
• Tax Calculation: Your tax bill is calculated by multiplying the taxable value by the combined tax rates of all applicable jurisdictions.

Available Exemptions

Texas offers several property tax exemptions to reduce taxable value for eligible homeowners:

• Homestead Exemption: Available to primary residences, this exemption reduces your home's taxable value by a set amount (e.g., $40,000 for school taxes). Apply with TCAD by April 30.
• Senior Citizen Exemption: Homeowners aged 65+ qualify for additional school tax exemptions and may defer taxes if income-eligible.
• Disability Exemption: Disabled homeowners may receive exemptions similar to seniors, including potential school tax freezes.
• Veteran Exemptions: Veterans with service-related disabilities (10% or more) may qualify for partial or full exemptions based on disability rating.

Exemptions must be applied for through TCAD, and some require annual documentation.

Payment Schedule & Deadlines

Terry County property taxes are typically due by January 31 of the following year. Key details include:

• Payment Options: Taxes can be paid in full or in installments (if eligible). Installment plans may require an initial payment by January 31, with subsequent payments due by March 31, May 31, and July 31.
• Late Payments: Delinquent taxes accrue penalties (up to 12%) and interest (1% per month). After July 31, unpaid taxes may face legal action or foreclosure.
• Discounts: Early payments (October–December) may qualify for small discounts, depending on local policies.

Appealing Your Assessment

If you believe your property is overvalued, you can appeal to TCAD:

• Deadline: File a protest by May 15 or within 30 days of receiving your appraisal notice (whichever is later).
• Process: Submit evidence (e.g., comparable sales, repair estimates) to TCAD. Informal discussions with appraisers may resolve disputes.
• Formal Hearing: If unresolved, your case goes before the Appraisal Review Board (ARB), which issues a binding decision.
• Further Appeals: Dissatisfied homeowners may pursue legal action in district court or through arbitration.

Consult TCAD or a tax professional for guidance on documentation and deadlines.