Whitewright, Texas Property Taxes
The median property tax rate in Whitewright, TX is 1.19%, 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 $291,720 in Whitewright, the typical annual property tax bill amounts to $2,855, slightly above the national median of $2,690. Property taxes in Whitewright are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the 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
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$3,471
$3,212
Ownwell’s Whitewright Property Tax Bill Calculator empowers homeowners, real estate investors, and prospective buyers to 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 provide an estimate of your property tax bill. This valuable tool helps you gain a clear understanding of potential tax liabilities. For those interested in more granular insights, you can explore neighborhood-level trends by scrolling down for localized information. Your property’s assessed value is the value assigned by Fannin County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Whitewright, Texas
Property taxes in Whitewright, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitewright is 1.19%, 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 75491 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Whitewright provides valuable insights into the varying tax landscape across Fannin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitewright Tax Rate
1.19%
Average Fannin County Tax Rate
1.33%
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 | 0.46% | 0.82% | 1.19% | 1.39% | 1.66% |
Source: 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 Fannin 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. 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. The highest median tax bill in Whitewright is $2,855, found in the 75491 zip code, which is also the lowest median tax bill.
Average Whitewright Assessed Value
$291,720
Average Fannin County Assessed Value
$196,430
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 | $83,680 | $156,680 | $291,720 | $508,015 | $759,250 |
Source: Ownwell
Property Tax Bills Across Whitewright, Texas
In Whitewright, located in Fannin County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The assessed value is then multiplied by the local tax rate, which can vary depending on the specific taxing entities, such as school districts and municipal authorities. For instance, the median home price in Whitewright is $291,720. Homeowners in this area can expect their property tax bills to vary significantly. For example, the tax bill at the 25th percentile is $1,625, while at the 75th percentile, it rises to $4,957, and at the 90th percentile, it reaches $7,134. This variation is influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Whitewright may find their tax rates to be relatively competitive. Understanding these factors and how they influence property tax bills can help homeowners better manage their finances and anticipate annual expenses.
Average Whitewright Tax Bill
$2,855
Average Fannin County Tax Bill
$2,400
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 | $758 | $1,625 | $2,855 | $4,957 | $7,134 |
Source: 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 | |
|---|---|
| Fannin Appraisal District | |
| Website | esearch.fannincad.org |