Tyler, Texas Property Taxes
The median property tax rate in Tyler, TX is 1.56%, which is considerably higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With a median home value of $184,206 in Tyler, the typical annual property tax bill reaches $2,758, just above the national median of $2,690. Property taxes in Tyler are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Tyler'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 Tyler 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
Tyler, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$2,874
$2,659
$1,148
Average Tyler, Texas Tax Savings
Ownwell’s Tyler Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate their annual property taxes in Tyler with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Tyler to provide an estimated property tax bill. This valuable tool not only clarifies potential tax liabilities but also highlights how Ownwell can help reduce property taxes in Tyler. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Tyler, Texas
Property taxes in Tyler, Texas, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Tyler is 1.56%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Tyler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tyler 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 Tyler's effective property tax rate to other counties in Texas and the national median. For comparison, the 75702 zip code has the highest median property tax rate of 1.74%, while the 75703 zip code has the lowest median tax rate of 1.51%. Understanding how these cities compare with Tyler 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 Tyler Tax Rate
1.56%
Average Smith County Tax Rate
1.53%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tyler, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75701 | 1.21% | 1.39% | 1.66% | 1.74% | 1.74% |
| 75702 | 1.11% | 1.32% | 1.74% | 1.74% | 1.74% |
| 75703 | 1.23% | 1.35% | 1.51% | 1.65% | 1.74% |
| 75704 | 1.19% | 1.35% | 1.56% | 1.56% | 1.57% |
| 75705 | 1.13% | 1.43% | 1.54% | 1.71% | 1.71% |
| 75706 | 1.13% | 1.31% | 1.56% | 1.56% | 1.59% |
| 75707 | 1.25% | 1.34% | 1.52% | 1.71% | 1.71% |
| 75708 | 1.16% | 1.40% | 1.59% | 1.71% | 1.81% |
| 75709 | 1.17% | 1.38% | 1.56% | 1.56% | 1.56% |
Source: Ownwell
$1,148
Average Tyler Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Tyler, Texas
In Tyler, 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 Tyler, 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. The median home price in Tyler is $184,206, with tax bills ranging significantly across different areas. For instance, the highest median tax bill is $4,809 in the 75703 zip code, while the lowest is $865 in the 75708 zip code. Being aware of these valuation processes in Tyler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tyler Assessed Value
$184,206
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 Tyler, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75701 | $99,170 | $147,778 | $201,882 | $269,572 | $375,332 |
| 75702 | $42,996 | $65,132 | $95,056 | $138,548 | $188,714 |
| 75703 | $119,014 | $237,848 | $320,594 | $448,650 | $682,215 |
| 75704 | $9,448 | $30,634 | $127,468 | $230,910 | $319,907 |
| 75705 | $13,038 | $35,918 | $102,646 | $181,460 | $293,833 |
| 75706 | $9,013 | $18,866 | $71,248 | $191,166 | $324,252 |
| 75707 | $25,793 | $112,320 | $247,277 | $357,606 | $491,651 |
| 75708 | $8,814 | $20,253 | $55,028 | $125,143 | $206,481 |
| 75709 | $19,728 | $101,091 | $188,396 | $297,370 | $449,096 |
Source: Ownwell
$1,148
Average Tyler Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Tyler, Texas
In Tyler, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate set by Smith County. The assessed value is determined based on various factors, including the market value of the property and any improvements made. For example, Tyler's median home price is $184,206, with tax bills ranging from the 25th percentile at $1,201 to the 90th percentile at $6,883. The highest median tax bill in the 75703 ZIP code is $4,809, whereas the lowest in the 75708 ZIP code is $865. These figures show a significant variation in property tax burdens across different neighborhoods. Homeowners in Tyler can find these tax bills challenging, especially when compared to the national median property tax rate of 0.99%. Ownwell helps homeowners save on their property tax bills by providing expert appeal and exemption services. Our team analyzes your property’s assessed value, identifies discrepancies, and files appeals to ensure you’re not overpaying. By leveraging our expertise, you can achieve substantial savings on your property tax bill.
Average Tyler Tax Bill
$2,758
Average Smith County Tax Bill
$2,997
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Tyler, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75701 | $1,451 | $2,256 | $3,142 | $4,256 | $5,879 |
| 75702 | $618 | $943 | $1,419 | $2,105 | $2,979 |
| 75703 | $1,707 | $3,451 | $4,809 | $6,815 | $9,930 |
| 75704 | $142 | $446 | $1,778 | $3,321 | $4,578 |
| 75705 | $208 | $521 | $1,431 | $2,752 | $4,497 |
| 75706 | $139 | $287 | $984 | $2,636 | $4,533 |
| 75707 | $389 | $1,555 | $3,634 | $5,491 | $7,729 |
| 75708 | $141 | $319 | $865 | $1,839 | $3,137 |
| 75709 | $298 | $1,459 | $2,709 | $4,320 | $6,770 |
Source: Ownwell
$1,148
Average Tyler 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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