Wills Point, Texas Property Taxes
The median property tax rate in Wills Point, TX is 0.94%, which is lower than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Wills Point at $452,030, the typical annual property tax bill reaches $1,910, falling below the national median of $2,690. Property taxes in Wills Point are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wills Point'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 Wills Point 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
Wills Point, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$4,249
$3,931
$1,148
Average Wills Point, Texas Tax Savings
Ownwell’s Wills Point Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wills Point with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wills Point 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 Wills Point. 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 Wills Point, Texas
Property taxes in Wills Point, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wills Point is 0.94%, slightly lower than the U.S. national median of 0.99%. Local government entities within Wills Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wills Point 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 Wills Point's effective property tax rate to other counties in Texas and the national median. For comparison, the 75169 zip code has the highest median property tax rate of 0.94%, while the same zip code also has the lowest median tax rate of 0.94%. Understanding how these cities compare with Wills Point provides valuable insights into the varying tax landscape across Kaufman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wills Point Tax Rate
0.94%
Average Kaufman County Tax Rate
1.74%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wills Point, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75169 | 0.17% | 0.40% | 0.94% | 1.18% | 1.41% |
Source: Ownwell
$1,148
Average Wills Point Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Wills Point, Texas
In Wills Point, 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 Kaufman 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 Wills Point, 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 Wills Point helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $1,910 in the 75169 zip code.
Average Wills Point Assessed Value
$452,030
Average Kaufman County Assessed Value
$308,491
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wills Point, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75169 | $46,207 | $150,910 | $452,030 | $582,964 | $648,958 |
Source: Ownwell
$1,148
Average Wills Point Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Wills Point, Texas
In Wills Point, located in Kaufman County, TX, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of your property. This value is then multiplied by the local tax rate to determine your annual tax bill. For instance, with a median home price of $452,030, homeowners can expect varying tax bills. While the 25th percentile tax bill is $888, it can go as high as $7,061 at the 90th percentile. Property taxes in Wills Point can significantly impact homeowners, especially when the tax rates and assessed values increase. However, Ownwell can help homeowners save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it to market trends, Ownwell can identify discrepancies and help you file appeals to ensure you are not overpaying. This can lead to substantial savings and reduce the financial burden on homeowners.
Average Wills Point Tax Bill
$1,910
Average Kaufman County Tax Bill
$5,156
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Wills Point, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75169 | $300 | $888 | $1,910 | $5,622 | $7,061 |
Source: Ownwell
$1,148
Average Wills Point 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 | |
|---|---|
| Kaufman Appraisal District | |
| Website | esearch.kaufman-cad.org |
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