Arp, Texas Property Taxes
The median property tax rate in ARP, TX is 1.51%, which is significantly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $129,416 in ARP, the typical annual property tax bill amounts to $1,915, falling short of the national median of $2,690. Property taxes in ARP are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. By understanding ARP's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you reside in the heart of ARP or another part of the city, gaining insight into the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Arp, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$1,954
$1,808
$1,148
Average Arp, Texas Tax Savings
Ownwell’s ARP Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ARP with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ARP 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 ARP. 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 Arp, Texas
Property taxes in ARP, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ARP is 1.51%, higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within ARP set these rates annually, and they can vary significantly across different neighborhoods. Each year, ARP 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 ARP's effective property tax rate to other counties in Texas and the national median. For comparison, the 75750 zip code has the highest median property tax rate of 1.51%, while the 75750 zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with ARP provides valuable insights into the varying tax landscape across Smith County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arp Tax Rate
1.51%
Average Smith County Tax Rate
1.53%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arp, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75750 | 1.14% | 1.29% | 1.51% | 1.64% | 2.03% |
Source: Ownwell
$1,148
Average Arp Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Arp, Texas
In ARP, 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 Smith 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 ARP, 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 ARP is $129,416, with annual tax bills ranging from $780 at the 25th percentile to $5,567 at the 90th percentile. The zip code with the highest and lowest median tax bill is 75750, both at $1,915. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arp Assessed Value
$129,416
Average Smith County Assessed Value
$202,951
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arp, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75750 | $18,193 | $53,864 | $129,416 | $241,789 | $405,496 |
Source: Ownwell
$1,148
Average Arp Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Arp, Texas
In ARP, Smith County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The median home price in ARP is $129,416, and property tax rates can vary significantly. For instance, the 25th percentile tax bill is $780, while the 75th percentile tax bill reaches $3,529, and the 90th percentile is as high as $5,567. These figures highlight the potential financial burden on homeowners. Several factors influence property tax bills, including the assessed value of the property, local tax rates, and any applicable exemptions. High property taxes can significantly impact homeowners, making it essential to ensure that assessments are accurate and fair. Ownwell can help homeowners in ARP save on their property tax bills by providing expert property tax appeal and exemption services. By challenging inaccurate assessments and securing eligible exemptions, Ownwell ensures homeowners pay only their fair share, potentially saving them thousands of dollars annually.
Average Arp Tax Bill
$1,915
Average Smith County Tax Bill
$2,997
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Arp, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75750 | $267 | $780 | $1,915 | $3,529 | $5,567 |
Source: Ownwell
$1,148
Average Arp Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 22 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Smith Appraisal District | |
| Phone | (903) 510-8600 |
| Website | www.smithcad.org |
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