Gladewater, Texas Property Taxes
The median property tax rate in Gladewater, TX is 1.43%, considerably higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Gladewater, the typical annual property tax bill reaches $1,575, which is below the national median of $2,690. Property taxes in Gladewater 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 Gladewater'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 Gladewater 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
Gladewater, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Gladewater, Texas Tax Savings
Ownwell’s Gladewater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gladewater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gladewater 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 Gladewater. 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 Gladewater, Texas
Property taxes in Gladewater, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gladewater is 1.43%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Gladewater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gladewater 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 Gladewater's effective property tax rate to other counties in Texas and the national median. For comparison, the 75647 zip code has the highest median property tax rate of 1.43%, while the 75647 zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Gladewater 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 Gladewater Tax Rate
1.43%
Average Smith County Tax Rate
1.53%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gladewater, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75647 | 1.07% | 1.21% | 1.43% | 1.59% | 1.59% |
Source: Ownwell
$1,148
Average Gladewater Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Gladewater, Texas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gladewater, Texas. 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. Assessment notices in Gladewater 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. The median home price in Gladewater is $125,992, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $553, while the 75th percentile reaches $3,287. The highest median tax bill is found in the 75647 zip code, amounting to $1,575. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Gladewater Assessed Value
$125,992
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 Gladewater, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75647 | $12,452 | $39,068 | $125,992 | $245,685 | $335,042 |
Source: Ownwell
$1,148
Average Gladewater Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Gladewater, Texas
In Gladewater, Smith County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The tax rate is applied to this assessed value to arrive at the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements made. With a median home price of $125,992, property tax bills can vary significantly, ranging from $553 at the 25th percentile to $4,482 at the 90th percentile. Homeowners in Gladewater face varying tax burdens, with the highest median tax bill recorded at $1,575. This variability can significantly impact household finances. Ownwell helps homeowners by providing expert property tax appeal and exemption services, potentially reducing their tax burden. By analyzing property assessments and market data, Ownwell identifies discrepancies and advocates for fair property valuations, ensuring homeowners pay only their fair share. This service can result in substantial savings, making homeownership more affordable.
Average Gladewater Tax Bill
$1,575
Average Smith County Tax Bill
$2,997
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Gladewater, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75647 | $185 | $553 | $1,575 | $3,287 | $4,482 |
Source: Ownwell
$1,148
Average Gladewater 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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