Smith County Property Taxes
The median property tax rate in Smith County is 1.53%, which is significantly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Smith County at $202,951, the typical annual property tax bill reaches $2,997, surpassing the national median of $2,690. Property taxes in Smith County are calculated based on the tax assessed value, which typically falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Smith County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Tyler or another part of Smith County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Smith County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$3,105
$2,873
$1,148
Average Smith County Tax Savings
Ownwell’s Smith County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Smith County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Smith County to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also highlights how Ownwell can help lower property taxes in Smith County. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Smith County, Texas
Property taxes in Smith County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Smith County is 1.53%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Smith County set these rates annually, and they can vary significantly between different areas within the county. Each year, Smith County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Smith County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Bullard has one of the higher property tax rates in Texas at 1.66%, while the city of Hideaway boasts one of the lowest at 1.20%. Analyzing how Smith County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Smith County Tax Rate
1.53%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Smith County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arp | 1.14% | 1.29% | 1.51% | 1.64% | 2.03% |
| Bullard | 1.30% | 1.39% | 1.66% | 1.99% | 2.23% |
| Flint | 1.13% | 1.27% | 1.37% | 1.56% | 1.56% |
| Gladewater | 1.07% | 1.21% | 1.43% | 1.59% | 1.59% |
| Grand Saline | 1.03% | 1.12% | 1.61% | 1.61% | 1.61% |
| Hideaway | 1.06% | 1.11% | 1.20% | 1.49% | 1.49% |
| Kilgore | 1.01% | 1.24% | 1.52% | 1.52% | 1.52% |
| Lindale | 1.15% | 1.30% | 1.56% | 1.59% | 1.92% |
| Mineola | 1.07% | 1.26% | 1.61% | 1.61% | 1.61% |
| Overton | 1.01% | 1.21% | 1.51% | 1.51% | 1.96% |
| Troup | 1.04% | 1.24% | 1.32% | 1.51% | 1.79% |
| Tyler | 1.19% | 1.36% | 1.56% | 1.74% | 1.74% |
| Van | 1.05% | 1.15% | 1.61% | 1.61% | 1.61% |
| Whitehouse | 1.08% | 1.31% | 1.53% | 1.95% | 1.99% |
| Winona | 1.09% | 1.31% | 1.54% | 1.59% | 1.99% |
Source: Ownwell
$1,148
Average Smith County Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Smith County, Texas
In Smith County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Smith County Appraisal District. The assessed value, however, 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. Assessment notices in Smith County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. The city of Bullard has the highest median tax bill at $5,183, while Mineola has the lowest at $797. Being aware of these valuation processes in Smith County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
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 Smith County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arp | $18,193 | $53,864 | $129,416 | $241,789 | $405,496 |
| Bullard | $72,581 | $182,891 | $307,661 | $459,628 | $619,266 |
| Flint | $35,651 | $178,448 | $266,024 | $355,525 | $517,896 |
| Gladewater | $12,452 | $39,068 | $125,992 | $245,685 | $335,042 |
| Grand Saline | $14,561 | $25,140 | $147,844 | $269,903 | $320,697 |
| Hideaway | $207,085 | $267,204 | $340,094 | $462,057 | $626,120 |
| Kilgore | $11,206 | $27,720 | $76,299 | $163,194 | $243,086 |
| Lindale | $34,787 | $114,139 | $234,257 | $337,357 | $474,502 |
| Mineola | $4,377 | $12,004 | $54,486 | $217,547 | $364,262 |
| Overton | $10,582 | $31,584 | $103,414 | $170,513 | $244,211 |
| Troup | $16,640 | $50,633 | $128,371 | $255,488 | $414,298 |
| Tyler | $27,265 | $83,066 | $184,206 | $302,764 | $448,293 |
| Van | $15,769 | $60,642 | $138,053 | $258,546 | $339,721 |
| Whitehouse | $57,100 | $170,854 | $248,779 | $326,450 | $438,929 |
| Winona | $15,379 | $43,563 | $107,888 | $193,245 | $290,125 |
Source: Ownwell
$1,148
Average Smith County Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Smith County, Texas
In Smith County, TX, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the tax bill. For example, with a median home price of $202,951, homeowners can expect varying tax bills depending on specific factors such as exemptions and the exact assessed value of their property. The tax bill ranges from $1,273 at the 25th percentile to $6,980 at the 90th percentile, with Bullard having the highest median tax bill at $5,183 and Mineola the lowest at $797. Homeowners in Smith County often find property taxes to be a significant expense. This is where Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell ensures that homeowners are not overpaying. Our team reviews property assessments and identifies potential savings, helping to reduce the financial burden on homeowners. With Ownwell's assistance, you can ensure your property tax bill is fair and accurate, potentially saving you hundreds or even thousands of dollars annually.
Average Smith County Tax Bill
$2,997
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Smith County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arp | $267 | $780 | $1,915 | $3,529 | $5,567 |
| Bullard | $1,129 | $3,118 | $5,183 | $7,755 | $10,379 |
| Flint | $469 | $2,297 | $3,594 | $4,989 | $6,899 |
| Gladewater | $185 | $553 | $1,575 | $3,287 | $4,482 |
| Grand Saline | $233 | $405 | $1,792 | $3,463 | $4,326 |
| Hideaway | $2,475 | $3,201 | $4,188 | $5,892 | $7,961 |
| Kilgore | $171 | $365 | $971 | $2,251 | $3,478 |
| Lindale | $480 | $1,572 | $3,542 | $5,182 | $6,782 |
| Mineola | $69 | $183 | $797 | $2,680 | $4,807 |
| Overton | $157 | $443 | $1,384 | $2,520 | $3,561 |
| Troup | $241 | $702 | $1,772 | $3,399 | $5,410 |
| Tyler | $399 | $1,201 | $2,758 | $4,565 | $6,883 |
| Van | $254 | $788 | $1,968 | $3,247 | $4,140 |
| Whitehouse | $706 | $2,515 | $3,900 | $5,326 | $6,749 |
| Winona | $232 | $617 | $1,519 | $2,778 | $4,410 |
Source: Ownwell
$1,148
Average Smith County Tax Savings
Save on your property taxes & more with Ownwell.
Want to lower your Smith County property taxes?
Looking to reduce your Smith County property taxes? Ownwell is the leading property tax protest company serving Smith County. We specialize in helping property owners in the Tyler area and beyond lower their taxes by working directly with the Smith County Appraisal District. Through our tax monitoring service, we collect all necessary information to maximize your tax reductions. We navigate the complexities of the Smith County property tax protest process and identify all available property tax exemptions so you don’t have to. Whether you are a homeowner, a real estate investor, or an asset manager, our local team at Ownwell has the expertise to assess your current property tax situation and identify strategic opportunities for reducing your tax burden. By managing the protest process from beginning to end, we not only simplify the procedure but also increase your chances of obtaining a favorable result. Let Ownwell be your trusted partner in lowering your Smith County property tax expenses through our proven strategies and expert advocacy.
Property Tax Protests in Texas
Navigating the property tax protest process in Smith County, TX, can be a crucial step for homeowners who believe their property tax assessments are inaccurate. The process begins when homeowners receive their property tax assessment notice. If they feel the assessed value does not reflect the true market value of their property, they have the right to file an appeal. To initiate the appeal, homeowners must submit a formal protest to the Smith County Appraisal District. This protest must be filed within a specific timeframe, typically 30 days from the date the assessment notice was mailed. Once the protest is filed, the homeowner will be scheduled for a hearing before the Appraisal Review Board (ARB). The ARB is an independent panel that listens to disputes between the appraisal district and property owners. During the hearing, homeowners can present evidence to support their claim that the assessed value is too high. This evidence can include recent sales data of comparable properties, an independent appraisal, or documentation of any discrepancies in the property record. The ARB will review the evidence and make a determination. Potential outcomes of the hearing can include a reduction in the assessed value, which would lower the property tax bill, or a confirmation of the original assessment. Ownwell can significantly aid homeowners throughout this appeal process. With expertise in property tax law and local market conditions, Ownwell can help gather compelling evidence, prepare a strong case, and represent homeowners during the ARB hearing. By leveraging professional assistance, homeowners can increase their chances of a successful appeal, potentially saving a substantial amount on their property taxes.
Exemptions in Texas
In Smith County, Texas, homeowners have access to several property tax exemption programs designed to reduce their tax burden. One of the most significant exemptions is the Homestead Exemption, which applies to a homeowner's primary residence. To qualify, the property must be the homeowner's principal place of residence as of January 1st of the tax year. This exemption can significantly lower the property's assessed value, leading to reduced property taxes. Another valuable exemption is the Over-65 Exemption, available to homeowners aged 65 or older. This exemption provides additional relief by further reducing the assessed value of the property. Additionally, the Disabled Person Exemption offers similar benefits to homeowners with qualifying disabilities, helping to make property taxes more manageable. Veterans in Smith County may also benefit from the Disabled Veteran Exemption, which offers various levels of tax relief based on the veteran's disability rating. This exemption is available to veterans with service-related disabilities, their surviving spouses, and their surviving minor children. To apply for these exemptions, homeowners must submit the appropriate forms to the Smith County Appraisal District, along with any required documentation. Ownwell can assist homeowners in navigating this process, ensuring that all necessary paperwork is completed accurately and submitted on time. By leveraging Ownwell's expertise, homeowners can maximize their property tax savings and take full advantage of the available exemption programs.
Available Exemptions
Senior
Disabled
Home Stead
Veteran
Solar/Wind
Non-Profit
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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