Whitewright, Texas Property Taxes
The median property tax rate in Whitewright, TX is 1.22%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $284,039 in Whitewright, the typical annual property tax bill amounts to $2,839, slightly above the national median of $2,690. Property taxes in Whitewright are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Whitewright'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 Whitewright or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Whitewright, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Whitewright, Texas Tax Savings
Ownwell’s Whitewright Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitewright with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitewright 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 Whitewright. 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 Whitewright, Texas
Property taxes in Whitewright, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitewright is 1.22%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Whitewright set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitewright 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 Whitewright's effective property tax rate to other counties in Texas and the national median. For comparison, the zip code 75491 has both the highest and lowest median property tax rate of 1.22%. Understanding how these cities compare with Whitewright provides valuable insights into the varying tax landscape across Collin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitewright Tax Rate
1.22%
Average Collin County Tax Rate
1.60%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitewright, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75491 | 0.58% | 0.84% | 1.22% | 1.22% | 1.43% |
Source: Ownwell
$1,148
Average Whitewright Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Whitewright, Texas
In Whitewright, 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 Collin 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 Whitewright, 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. For instance, the zip code 75491 has the highest and lowest median tax bill, both at $2,839. 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 Whitewright helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Whitewright Assessed Value
$284,039
Average Collin County Assessed Value
$477,029
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whitewright, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75491 | $114,862 | $190,310 | $284,039 | $478,986 | $565,708 |
Source: Ownwell
$1,148
Average Whitewright Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Whitewright, Texas
Property tax bills in Whitewright, Collin County, TX, are determined based on the assessed value of a property and the local tax rate. For instance, the median home price here is $284,039. Property tax rates in this area can result in a median tax bill of around $2,839, which is slightly below the national median property tax rate of 0.99%. Factors such as property location, market value, and local tax levies contribute to the final tax bill, affecting homeowners' annual expenses significantly. Homeowners can see tax bills ranging from $2,045 at the 25th percentile to $5,487 at the 90th percentile. This variability can be challenging, but that's where Ownwell steps in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners navigate assessments, identify potential savings, and reduce their tax burden. With Ownwell's assistance, homeowners in Whitewright can ensure they are not overpaying on their property taxes, potentially saving thousands annually.
Average Whitewright Tax Bill
$2,839
Average Collin County Tax Bill
$7,555
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitewright, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75491 | $1,398 | $2,045 | $2,839 | $3,709 | $5,487 |
Source: Ownwell
$1,148
Average Whitewright 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 | |
|---|---|
| Collin Appraisal District | |
| Phone | (469) 742-9200 |
| Website | esearch.collincad.org |
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