Van, Texas Property Taxes
The median property tax rate in VAN, TX is 1.61%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in VAN, the typical annual property tax bill reaches $1,968, which is below the national median of $2,690. Property taxes in VAN 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 VAN'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 VAN 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
Van, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$2,223
$2,056
$1,148
Average Van, Texas Tax Savings
Ownwell’s VAN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in VAN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in VAN 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 VAN. 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 Van, Texas
Property taxes in VAN, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in VAN is 1.61%, higher than both the Texas state median of 1.60% and the U.S. national median of 0.99%. Local government entities within VAN set these rates annually, and they can vary significantly across different neighborhoods. Each year, VAN 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 VAN's effective property tax rate to other counties in Texas and the national median. For comparison, the 75790 zip code has the highest median property tax rate of 1.61%, while the 75790 zip code has the lowest median tax rate of 1.61%. Understanding how these cities compare with VAN 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 Van Tax Rate
1.61%
Average Smith County Tax Rate
1.53%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Van, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75790 | 1.05% | 1.15% | 1.61% | 1.61% | 1.61% |
Source: Ownwell
$1,148
Average Van Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Van, Texas
In VAN, 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 VAN, 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. For instance, the median home price in VAN is $138,053. The highest median tax bill in the area is $1,968 in the 75790 zip code. Being aware of these valuation processes in VAN helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Van Assessed Value
$138,053
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 Van, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75790 | $15,769 | $60,642 | $138,053 | $258,546 | $339,721 |
Source: Ownwell
$1,148
Average Van Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Van, Texas
Property tax bills in VAN, located in Smith County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the home. The tax rate is set by local taxing authorities, including school districts, municipalities, and other special districts. For example, in Smith County, homeowners can expect a median property tax bill of around $1,968, which is above the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value and any applicable exemptions, such as homestead or senior citizen exemptions. These taxes can significantly impact homeowners, with tax bills ranging from $788 at the 25th percentile to $4,140 at the 90th percentile. Ownwell can help homeowners in VAN reduce their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and identifying potential discrepancies or opportunities for exemptions, Ownwell ensures you pay only your fair share of property taxes.
Average Van Tax Bill
$1,968
Average Smith County Tax Bill
$2,997
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Van, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75790 | $254 | $788 | $1,968 | $3,247 | $4,140 |
Source: Ownwell
$1,148
Average Van 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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