Willow City, Texas Property Taxes
The median property tax rate in Willow City, TX is 1.06%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $246,090 in Willow City, the typical annual property tax bill amounts to $2,122, falling below the national median of $2,690. Property taxes in Willow City are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Willow City'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 Willow City 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
Willow City, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Willow City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willow City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willow City 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 Willow City, Texas
Property taxes in Willow City, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Willow City is 1.06%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Willow City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willow City 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 Willow City's effective property tax rate to other counties in Texas and the national median. For comparison, the 78675 zip code has both the highest and lowest median property tax rate at 1.06%. Understanding how these cities compare with Willow City provides valuable insights into the varying tax landscape across Gillespie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Willow City Tax Rate
1.06%
Average Gillespie County Tax Rate
1.04%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willow City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78675 | 0.81% | 0.99% | 1.06% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Willow City, Texas
In Willow City, 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 Gillespie 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 Willow City, 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 Willow City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 78675 has the highest and lowest median tax bill at $2,122.
Average Willow City Assessed Value
$246,090
Average Gillespie County Assessed Value
$385,110
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Willow City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78675 | $27,970 | $101,240 | $246,090 | $523,310 | $954,730 |
Source: Ownwell
Property Tax Bills Across Willow City, Texas
In Willow City, located in Gillespie County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and is typically a percentage of the home's market value. For example, with a median home price of $246,090, homeowners can expect their property tax bills to vary significantly. Factors such as property size, location, and improvements can influence the assessed value. The local tax rate is then applied to the assessed value to determine the annual property tax bill. In Willow City, the tax bill can range from $956 at the 25th percentile to $8,359 at the 90th percentile. This variation highlights the disparity in property values and the resulting tax obligations. Homeowners with properties in the highest median tax bill zip code of 78675 face a tax bill of $2,122, which is above the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual financial commitments.
Average Willow City Tax Bill
$2,122
Average Gillespie County Tax Bill
$3,700
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Willow City, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78675 | $237 | $956 | $2,122 | $4,335 | $8,359 |
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 | |
|---|---|
| Gillespie Appraisal District | |
| Website | propaccess.trueautomation.com |