How are property tax rates determined in Texas?

Property tax rates in Texas are set by each taxing district (municipality, school district, park district, library, etc.) based on their annual levy (the amount of tax revenue they need). The rate is calculated by dividing the levy by the total assessed value of all property in the district.

What is the composite tax rate?

The composite tax rate is the sum of all overlapping taxing district rates that apply to a specific property. A typical property may be taxed by several overlapping districts. The composite rate determines your total tax bill when multiplied by your property's assessed value.

Why do tax rates vary within the same town?

Properties within the same municipality can have different composite rates because overlapping districts (school, park, fire, library) have different boundaries. A home in one school district may have a different rate than a home two blocks away in a different school district.

Timbercreek Canyon, TX Property Tax Rate 2026

Showing latest tax year with year-over-year changes. Full rate history available with a paid plan. View plans →

Property Tax — Tax Year 2025 (payable 2026)i

TX Comptroller

Composite Ratei

1.61%–2.20%-0.3%YoY

Varies by school district

Municipal Portioni

0.1720%-0.7%YoY9% of total

Effective Ratei

1.61%–2.20%

Est. Annual Taxi

$6K–$9K

Median Home Valuei

$400,000

Total Leviedi

$210.6M

Tax Per Capitai

$265

Rate varies by school district. Your actual rate depends on which school district your property falls in.

Rate Trend — click a year to explorei

20242025

Municipal

Other Districts

Where Your Tax Dollar Goesi

$0.72 Wildorado ISD

$0.53 Bushland ISD

$0.49 Canyon ISD

$0.46 Amarillo ISD

$0.41 Happy ISD

$0.21 Randall County

$0.12 Amarillo Junior College District

$0.09 City of Timbercreek Canyon

$0.02 South Randall County Hospital District

Estimated Tax by Home Valuei

$200K

$3,215–$4,407

$300K

$4,823–$6,610

$400K

$6,430–$8,813

$500K

$8,038–$11,017

$600K

$9,645–$13,220

$700K

$11,253–$15,423

$800K

$12,860–$17,626

Highlighted value is closest to median home value ($400K)

9 Overlapping Taxing Districtsi

Wildorado ISDUnit K-12i

72.2%1.3765%

$83K levied

Bushland ISDUnit K-12i

53.1%1.0116%

$2.4M levied

Canyon ISDUnit K-12i

48.7%0.9272%

$70.2M levied

Amarillo ISDUnit K-12i

45.7%0.8712%

$38.7M levied

Happy ISDUnit K-12i

41%0.7807%

$309K levied

Randall Countyi

21%0.4010%

$72.1M levied

Amarillo Junior College Districti

11.5%0.2199%

$25.4M levied

City of Timbercreek Canyoni

9%0.1720%

$140K levied

South Randall County Hospital Districti

1.8%0.0338%

$1.2M levied