Gatesville, Texas Property Taxes
The median property tax rate in Gatesville, TX, is 1.16%, which is notably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Gatesville at $79,748, the typical annual property tax bill amounts to $625, significantly below the national median of $2,690. Property taxes in Gatesville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Gatesville'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 Gatesville or another part of Bell County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gatesville, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$925
$856
$1,148
Average Gatesville, Texas Tax Savings
Ownwell’s Gatesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gatesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gatesville 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 Gatesville. 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 Gatesville, Texas
Property taxes in Gatesville, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gatesville is 1.16%, higher than both the Texas state median of 1.81% and the U.S. national median of 0.99%. Local government entities within Gatesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gatesville 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 Gatesville's effective property tax rate to other counties in Texas and the national median. For comparison, the 76528 zip code has the highest median property tax rate of 1.16%, while the 76528 zip code has the lowest median tax rate of 1.16%. Understanding how these cities compare with Gatesville provides valuable insights into the varying tax landscape across Bell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gatesville Tax Rate
1.16%
Average Bell County Tax Rate
1.50%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gatesville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76528 | 0.14% | 0.40% | 1.16% | 1.57% | 1.68% |
Source: Ownwell
$1,148
Average Gatesville Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Gatesville, Texas
In Gatesville, 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 Bell 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 Gatesville, 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. The median home price in Gatesville is $79,748, with tax bills ranging significantly— from $157 at the 25th percentile to $3,946 at the 90th percentile. The zip code with the highest and lowest median tax bill is 76528, both at $625. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gatesville Assessed Value
$79,748
Average Bell County Assessed Value
$243,415
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gatesville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76528 | $9,513 | $29,060 | $79,748 | $213,958 | $458,709 |
Source: Ownwell
$1,148
Average Gatesville Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Gatesville, Texas
In Gatesville, Bell County, TX, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which can fluctuate based on market conditions. For instance, with a median home price of $79,748, homeowners in Gatesville can expect varying tax bills. The 25th percentile tax bill is $157, while the 75th percentile tax bill reaches $1,595, and the 90th percentile tax bill is as high as $3,946. These figures illustrate the range of property tax burdens that homeowners might face. Factors such as property improvements, neighborhood developments, and local government budgets can influence these assessments. High property taxes can strain household budgets, making it crucial for homeowners to seek ways to minimize their tax liabilities. Ownwell specializes in property tax appeal and exemption services, helping homeowners navigate the complexities of property tax assessments. By leveraging expert knowledge and local data, Ownwell can identify potential savings and reduce property tax bills, easing the financial burden on homeowners.
Average Gatesville Tax Bill
$625
Average Bell County Tax Bill
$3,265
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Gatesville, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76528 | $72 | $157 | $625 | $1,595 | $3,946 |
Source: Ownwell
$1,148
Average Gatesville 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 | |
|---|---|
| Bell Appraisal District | |
| Phone | (254) 939-5841 |
| Website | esearch.bellcad.org |
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