Winnsboro, Texas Property Taxes
The median property tax rate in Winnsboro, TX is 1.36%, which is higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Winnsboro at $85,119, the typical annual property tax bill is $1,154, falling below the national median of $2,690. Property taxes in Winnsboro are calculated based on the tax assessed value, which often comes in lower than the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Winnsboro'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 Winnsboro 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
Winnsboro, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Winnsboro Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Winnsboro, TX. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Winnsboro to provide an accurate estimate of your property tax bill. This allows you to understand your potential tax liabilities better. For those interested in more granular details, you can explore neighborhood-level trends by scrolling down. Your property's assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Winnsboro, Texas
Property taxes in Winnsboro, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winnsboro is 1.36%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Winnsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winnsboro 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 Winnsboro's effective property tax rate to other counties in Texas and the national median. For comparison, the 75494 zip code has the highest median property tax rate of 1.36%, while the 75494 zip code has the lowest median tax rate of 1.36%. Understanding how these cities compare with Winnsboro provides valuable insights into the varying tax landscape across Camp County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Winnsboro Tax Rate
1.36%
Average Camp County Tax Rate
1.40%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winnsboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75494 | 1.20% | 1.27% | 1.36% | 1.40% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Winnsboro, Texas
In Winnsboro, 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 Camp 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 Winnsboro, 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. Being aware of these valuation processes in Winnsboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the zip code 75494 has the highest and lowest median tax bill at $1,154. With the median home price at $85,119, knowing these details can significantly impact your financial planning.
Average Winnsboro Assessed Value
$85,119
Average Camp County Assessed Value
$94,225
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Winnsboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75494 | $23,298 | $56,700 | $85,119 | $120,755 | $172,179 |
Source: Ownwell
Property Tax Bills Across Winnsboro, Texas
In Winnsboro, TX, property tax bills are calculated based on the assessed value of a home and the applicable tax rate set by local authorities. The median home price in this area is $85,119. Homeowners can expect their annual property tax bills to vary significantly, with the 25th percentile paying around $714 and the 75th percentile paying up to $1,592. Some homeowners may see tax bills as high as $2,317, especially those with properties in the higher value range. The tax bill is determined by multiplying the assessed value of the property by the tax rate. Factors such as property size, location, and any applicable exemptions or deductions can influence the assessed value. Compared to the national median property tax rate of 0.99%, Winnsboro's tax rates are competitive and can vary based on the specific zip code, with the highest median tax bill recorded at $1,154 in the 75494 zip code. This system ensures that property taxes contribute to local services, impacting homeowners by supporting community infrastructure and public services.
Average Winnsboro Tax Bill
$1,154
Average Camp County Tax Bill
$1,332
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Winnsboro, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75494 | $327 | $714 | $1,154 | $1,592 | $2,317 |
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 | |
|---|---|
| Camp Appraisal District | |
| Website | esearch.campcad.org |