Gallatin, Texas Property Taxes
The median property tax rate in Gallatin, TX is 1.21%, 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 $66,455 in Gallatin, the typical annual property tax bill amounts to $690, which is below the national median of $2,690. Property taxes in Gallatin are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gallatin'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 Gallatin or another part of Cherokee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gallatin, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$804
$746
Ownwell’s Gallatin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gallatin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gallatin 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 Gallatin, Texas
Property taxes in Gallatin, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gallatin is 1.21%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Gallatin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gallatin 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 Gallatin's effective property tax rate to other counties in Texas and the national median. For comparison, the 75764 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Gallatin provides valuable insights into the varying tax landscape across Cherokee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gallatin Tax Rate
1.21%
Average Cherokee County Tax Rate
1.52%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gallatin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75764 | 0.70% | 0.97% | 1.21% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Gallatin, Texas
In Gallatin, Texas, grasping the difference between "market value" and "assessed value" is vital for understanding 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 Cherokee County Appraisal District for tax purposes. On the other hand, 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 Gallatin, 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 Gallatin is $66,455. Tax bills can vary significantly, with the 25th percentile at $265 and the 75th percentile at $1,350, while the 90th percentile reaches $2,369. Notably, the highest and lowest median tax bills, both at $690, are found in the 75764 zip code. Understanding these valuation concepts helps property owners navigate their tax responsibilities, identify opportunities for protesting assessments, or apply for exemptions to manage their tax burden effectively.
Average Gallatin Assessed Value
$66,455
Average Cherokee County Assessed Value
$121,540
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gallatin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75764 | $8,616 | $32,282 | $66,455 | $133,720 | $239,719 |
Source: Ownwell
Property Tax Bills Across Gallatin, Texas
In Gallatin, Cherokee County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The median home price in Gallatin is $66,455, and property taxes are levied accordingly. To calculate the tax bill, the assessed value is multiplied by the local tax rate. For example, if a home is assessed at the median price and the local tax rate is applied, homeowners can expect varying tax bills based on their property's valuation. Factors influencing the tax bill include property size, location, and any applicable exemptions. For instance, the 25th percentile of tax bills in Gallatin is $265, while the 75th percentile reaches $1,350. The 90th percentile can go as high as $2,369, indicating a significant range based on property values and assessments. These variations can significantly impact homeowners, making it crucial to understand how the assessed value and local tax rates affect their annual tax obligations. Comparatively, the national median property tax rate stands at 0.99%, providing a benchmark for evaluating local tax rates.
Average Gallatin Tax Bill
$690
Average Cherokee County Tax Bill
$1,611
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Gallatin, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 75764 | $110 | $265 | $690 | $1,350 | $2,369 |
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 | |
|---|---|
| Cherokee Appraisal District | |
| Website | propaccess.trueautomation.com |