Smithville, Texas Property Taxes
The median property tax rate in Smithville, TX is 1.25%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Smithville at $211,746, the typical annual property tax bill reaches $2,186, which is below the national median of $2,690. Property taxes in Smithville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Smithville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Smithville or another part of Bastrop County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Smithville, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$2,647
$2,449
$1,148
Average Smithville, Texas Tax Savings
Ownwell’s Smithville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Smithville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Smithville to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Smithville. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Smithville, Texas
Property taxes in Smithville, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Smithville is 1.25%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Smithville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Smithville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Smithville's effective property tax rate to other counties in Texas and the national median. For comparison, the 78957 zip code has the highest median property tax rate of 1.25%, while the 78957 zip code has the lowest median tax rate of 1.25%. Understanding how these cities compare with Smithville provides valuable insights into the varying tax landscape across Bastrop County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Smithville Tax Rate
1.25%
Average Bastrop County Tax Rate
1.39%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Smithville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78957 | 0.35% | 0.77% | 1.25% | 1.55% | 1.84% |
Source: Ownwell
$1,148
Average Smithville Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Smithville, Texas
In Smithville, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Bastrop County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Smithville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Smithville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 78957, with a median tax bill of $2,186. The same zip code also has the lowest median tax bill of $2,186.
Average Smithville Assessed Value
$211,746
Average Bastrop County Assessed Value
$264,754
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Smithville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78957 | $29,485 | $89,941 | $211,746 | $354,746 | $561,735 |
Source: Ownwell
$1,148
Average Smithville Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Smithville, Texas
In Smithville, Bastrop County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the tax bill. For example, with a median home price of $211,746, homeowners can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $858, while the 75th percentile reaches $3,995, and the 90th percentile can be as high as $5,983. These figures highlight the variability in property tax burdens among homeowners. Factors such as property improvements, neighborhood developments, and changes in market conditions can all influence the assessed value, thereby affecting the tax bill. Homeowners in Smithville often face higher property tax rates compared to the national median of 0.99%. Ownwell can help homeowners in Smithville save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing the assessed value and identifying potential discrepancies, Ownwell can assist in reducing the tax burden, ensuring homeowners pay only their fair share.
Average Smithville Tax Bill
$2,186
Average Bastrop County Tax Bill
$2,784
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Smithville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78957 | $264 | $858 | $2,186 | $3,995 | $5,983 |
Source: Ownwell
$1,148
Average Smithville Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Bastrop Appraisal District | |
| Website | esearch.bastropcad.org |
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