Sweetwater, Texas Property Taxes
The median property tax rate in Sweetwater, TX is 2.23%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Sweetwater at $66,315, the typical annual property tax bill reaches $1,359, which is below the national median of $2,690. Property taxes in Sweetwater 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 Sweetwater'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 Sweetwater 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
Sweetwater, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.23%
Estimate Property Tax Bill
$1,479
$1,368
Ownwell’s Sweetwater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sweetwater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sweetwater to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Sweetwater, Texas
Property taxes in Sweetwater, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sweetwater is 2.23%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Sweetwater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sweetwater 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 Sweetwater's effective property tax rate to other counties in Texas and the national median. For comparison, the 79556 zip code has the highest median property tax rate of 2.23%, while the 79556 zip code also has the lowest median tax rate of 2.23%. Understanding how these cities compare with Sweetwater provides valuable insights into the varying tax landscape across Nolan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sweetwater Tax Rate
2.23%
Average Nolan County Tax Rate
2.22%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sweetwater, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79556 | 1.56% | 1.83% | 2.23% | 2.34% | 2.34% |
Source: Ownwell
Property Tax Assessment Values Across Sweetwater, Texas
In Sweetwater, 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 Nolan 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 Sweetwater, 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 Sweetwater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,359 in zip code 79556, while the lowest is also $1,359 in the same zip code.
Average Sweetwater Assessed Value
$66,315
Average Nolan County Assessed Value
$69,100
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sweetwater, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79556 | $18,650 | $36,032 | $66,315 | $119,630 | $202,940 |
Source: Ownwell
Property Tax Bills Across Sweetwater, Texas
In Sweetwater, located in Nolan County, TX, property tax bills are calculated based on the assessed value of a home, which is different from its market value. The median home price in Sweetwater is $66,315. Property tax rates are applied to this assessed value to determine the annual tax bill. For instance, homeowners in the 25th percentile can expect a tax bill around $746, while those in the 75th percentile might see bills as high as $2,449. At the 90th percentile, tax bills can reach up to $4,072. Several factors influence the tax bill, including the assessed property value, local tax rates, and any applicable exemptions or deductions. These taxes are crucial for funding local services such as schools, public safety, and infrastructure. For homeowners, understanding how these taxes are calculated can help in financial planning and ensuring they are not overpaying. Comparing Sweetwater's rates with the national median property tax rate of 0.99% provides context on how local taxes measure up.
Average Sweetwater Tax Bill
$1,359
Average Nolan County Tax Bill
$1,393
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Sweetwater, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79556 | $385 | $746 | $1,359 | $2,449 | $4,072 |
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 | |
|---|---|
| Nolan Appraisal District | |
| Website | www.nolan-cad.org |