Wingate, Texas Property Taxes
The median property tax rate in Wingate, TX is 1.23%, 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 $177,843 in Wingate, the typical annual property tax bill amounts to $1,357, falling below the national median of $2,690. Property taxes in Wingate are calculated based on the tax assessed value, which often remains below the market value due to exemptions like those for primary residences and agricultural land. Understanding Wingate'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 Wingate or elsewhere in the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wingate, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,187
$2,024
$1,148
Average Wingate, Texas Tax Savings
Ownwell’s Wingate Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wingate with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wingate 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 Wingate. 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 Wingate, Texas
Property taxes in Wingate, Texas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wingate is 1.23%, which is higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Wingate set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wingate 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 Wingate's effective property tax rate to other counties in Texas and the national median. For comparison, the 79566 zip code has the highest median property tax rate of 1.23%, while the same 79566 zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Wingate provides valuable insights into the varying tax landscape across Taylor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wingate Tax Rate
1.23%
Average Taylor County Tax Rate
2.16%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wingate, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79566 | 0.21% | 0.48% | 1.23% | 1.58% | 1.58% |
Source: Ownwell
$1,148
Average Wingate Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Wingate, Texas
In Wingate, 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 Taylor 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 Wingate 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 Wingate helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Wingate is $1,357 in zip code 79566, while the lowest median tax bill is also $1,357 in the same zip code.
Average Wingate Assessed Value
$177,843
Average Taylor County Assessed Value
$148,796
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wingate, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79566 | $30,159 | $57,872 | $177,843 | $375,004 | $648,230 |
Source: Ownwell
$1,148
Average Wingate Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Wingate, Texas
In Wingate, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the home's market value, location, and any applicable exemptions influence the assessed value. For homeowners in Wingate, the median home price is $177,843, leading to varying tax bills. For instance, the 25th percentile tax bill is $520, while the 75th percentile reaches $2,951, and the 90th percentile can be as high as $5,604. Given these figures, property taxes can be a significant financial burden. That's where Ownwell steps in to help homeowners reduce their tax bills. By providing expert property tax appeal and exemption services, Ownwell ensures that homeowners pay only their fair share. Our team meticulously reviews assessments and identifies opportunities for reductions, potentially saving homeowners thousands of dollars annually.
Average Wingate Tax Bill
$1,357
Average Taylor County Tax Bill
$3,051
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Wingate, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79566 | $297 | $520 | $1,357 | $2,951 | $5,604 |
Source: Ownwell
$1,148
Average Wingate Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Taylor Appraisal District | |
| Website | esearch.taylor-cad.org |
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