Gilmer, Texas Property Taxes
The median property tax rate in Gilmer, TX is 0.84%, notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $140,924 in Gilmer, the typical annual property tax bill amounts to $1,149, which is significantly less than the national median of $2,690. Property taxes in Gilmer are calculated based on the tax assessed value, which is often below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Gilmer's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Gilmer 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
Gilmer, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,184
$1,095
Ownwell’s Gilmer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gilmer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gilmer 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 Gilmer, Texas
Property taxes in Gilmer, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gilmer is 0.84%, which is significantly lower than the national median of 0.99%. Local government entities within Gilmer set these rates annually, and they can vary across different neighborhoods. Each year, Gilmer 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 Gilmer's effective property tax rate to other counties in Texas and the national median. For comparison, the 75644 zip code has the same median property tax rate of 0.84%. Understanding how these cities compare with Gilmer provides valuable insights into the varying tax landscape across Camp County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gilmer Tax Rate
0.84%
Average Camp County Tax Rate
1.40%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gilmer, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75644 | 0.58% | 0.68% | 0.84% | 1.01% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Gilmer, Texas
In Gilmer, 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 local 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 Gilmer, 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 Gilmer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Gilmer both stand at $1,149, found in the 75644 zip code. This highlights the importance of understanding local tax nuances to optimize your property tax management.
Average Gilmer Assessed Value
$140,924
Average Camp County Assessed Value
$94,225
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gilmer, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75644 | $131,982 | $135,335 | $140,924 | $146,513 | $149,866 |
Source: Ownwell
Property Tax Bills Across Gilmer, Texas
Property tax bills in Gilmer, located in Camp County, TX, are calculated based on the assessed value of the property. The tax rate in this region is applied to the assessed value to determine the annual tax bill. For instance, with a median home price of $140,924, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. The tax bill for the 25th percentile is around $964, while those in the 75th percentile pay approximately $1,334. At the 90th percentile, the tax bill can reach up to $1,445. These figures reflect how property taxes can significantly impact homeowners, contributing to their annual housing costs. The highest median tax bill in the area is $1,149, which is consistent across the zip code 75644. Compared to the national median property tax rate of 0.99%, Gilmer's property tax rates and bills are relatively moderate, making it an attractive consideration for prospective homeowners.
Average Gilmer Tax Bill
$1,149
Average Camp County Tax Bill
$1,332
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Gilmer, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75644 | $853 | $964 | $1,149 | $1,334 | $1,445 |
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 | |
|---|---|
| Camp Appraisal District | |
| Website | esearch.campcad.org |