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Smithville, Bastrop County, Texas Property Taxes

  • Median SMITHVILLE, TX effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median SMITHVILLE, TX home value: $211,746

  • Median annual SMITHVILLE, TX tax bill: $2,186, $214 lower than the national median property tax bill of $2,400.

How are property taxes in Bastrop calculated?

Property taxes in SMITHVILLE, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding SMITHVILLE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in SMITHVILLE, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Smithville, Bastrop County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.25%

Estimate Property Tax Bill

$2,647

$2,456

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Smithville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Smithville with just two data points. By entering your property's estimated assessed value, our calculator applies Smithville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bastrop County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Smithville, Bastrop County, Texas

Local government entities in Texas set tax rates, which can vary significantly across the state. This variation occurs because each county annually estimates its required budget for services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. In Smithville, located in Bastrop County, the effective property tax rate is a key factor for homeowners to consider. When compared to other cities in Texas, Smithville's rate reflects the broader state trends, aligning with the median property tax rate for Texas. However, it is slightly higher than the national median property tax rate of 1.02%. Understanding these rates can help property owners make informed decisions and potentially save on their property taxes. For those looking to compare Smithville’s property tax rate to other regions, it is beneficial to consider both state and national medians to gain a comprehensive perspective on where Smithville stands in relation to broader trends.

Property Tax Rates Across Smithville, Bastrop County, Texas

Source: Ownwell

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0.92%

1.28%

1.64%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Smithville Tax Rate

1.25%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Bastrop County Tax Rate

1.39%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Smithville, Bastrop County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
789570.35%0.77%1.25%1.55%1.84%

Source: Ownwell

Property Tax Assessment Values Across Smithville, Bastrop County, Texas

When examining property taxes in Smithville, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bastrop County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Bastrop County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Smithville.

For example, the median home price in Smithville is $211,746, with tax bills ranging significantly across the county. Zip code 78957 has the highest median home price at $211,746.

Property Tax Assessment Values Across Smithville, Bastrop County, Texas

Source: Ownwell

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$167,316

$240,313

$313,309

Median Smithville Market Value

$211,746

Median Bastrop County Market Value

$264,754

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Smithville, Bastrop County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
78957$29,485$89,941$211,746$354,746$561,735

Source: Ownwell

Property Tax Bills Across Smithville, Bastrop County, Texas

In Smithville, located in Bastrop County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The median home price here is $211,746. The tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as location and property characteristics influence the assessed value. In Smithville, the median property tax bill is $2,186, which is slightly below the national median of $2,400. However, some homeowners face tax bills as high as $5,983, depending on their property's assessed value. These taxes can significantly impact homeowners, especially those with higher assessed values. Ownwell can assist homeowners by reviewing their property assessments and identifying opportunities for appeals or exemptions. By leveraging expertise in local tax laws, Ownwell helps homeowners potentially reduce their tax bills, ensuring they only pay what is fair. This can lead to substantial savings, providing financial relief to Smithville homeowners.

Property Tax Bills Across Smithville, Bastrop County, Texas

Source: Ownwell

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$1,228

$2,327

$3,426

Median Smithville Tax Bill

$2,186

Median Bastrop County Tax Bill

$2,784

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Smithville, Bastrop County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
78957$264$858$2,186$3,995$5,983

Source: Ownwell

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