Gladewater, Texas Property Taxes
The median property tax rate in Gladewater, TX is 0.98%, slightly below the national median of 0.99% and significantly lower than the Texas state median of 1.67%. With the median home value in Gladewater at $171,640, the typical annual property tax bill comes to $1,492, which is less than the national median of $2,690. Property taxes in Gladewater are calculated based on the tax assessed value, which usually 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
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,682
$1,556
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 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 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 0.98%, slightly lower than the Texas state median of 1.81% but close to 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 0.98%, while the same zip code also has the lowest median tax rate of 0.98%. Understanding how these cities compare with Gladewater provides valuable insights into the varying tax landscape across Upshur County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gladewater Tax Rate
0.98%
Average Upshur County Tax Rate
0.94%
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 | 0.40% | 0.72% | 0.98% | 1.24% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Gladewater, Texas
In Gladewater, 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 Upshur 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 Gladewater, 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. For instance, the median home price in Gladewater is $171,640, with tax bills ranging from $642 at the 25th percentile to $4,241 at the 90th percentile. The zip code with the highest and lowest median tax bill in the area is 75647, both at $1,492. 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 their tax burden.
Average Gladewater Assessed Value
$171,640
Average Upshur County Assessed Value
$157,270
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 | $35,581 | $82,878 | $171,640 | $247,680 | $377,269 |
Source: Ownwell
Property Tax Bills Across Gladewater, Texas
Property tax bills in Gladewater, located in Upshur County, TX, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county appraisal district, reflecting the market value of the property. Homeowners in Gladewater face a median home price of $171,640. The tax rate is applied to this assessed value to determine the annual property tax bill. Several factors influence the tax bill, including property size, location, and improvements. For instance, a homeowner in the 25th percentile can expect a tax bill around $642, while those in the 75th percentile might see bills as high as $2,445. The 90th percentile tax bill can reach up to $4,241. Compared to the national median property tax rate of 0.99%, the property tax rates in Gladewater can significantly impact homeowners, with the highest median tax bill in the area being $1,492. These taxes fund essential services such as schools, infrastructure, and emergency services, directly affecting community quality of life.
Average Gladewater Tax Bill
$1,492
Average Upshur County Tax Bill
$1,214
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 | $228 | $642 | $1,492 | $2,445 | $4,241 |
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 | |
|---|---|
| Upshur Appraisal District | |
| Website | esearch.upshur-cad.org |