Stonewall, Texas Property Taxes
The median property tax rate in Stonewall, TX is 1.06%, slightly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in Stonewall at $223,185, the typical annual property tax bill reaches $2,143, which is below the national median of $2,690. Property taxes in Stonewall 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 Stonewall'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 Stonewall 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
Stonewall, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$2,366
$2,195
Ownwell’s Stonewall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stonewall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stonewall 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 Stonewall, Texas
Property taxes in Stonewall, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stonewall is 1.06%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Stonewall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stonewall 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 Stonewall's effective property tax rate to other counties in Texas and the national median. For comparison, the 78671 zip code has the highest median property tax rate of 1.06%, while the 78671 zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Stonewall provides valuable insights into the varying tax landscape across Gillespie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stonewall Tax Rate
1.06%
Average Gillespie County Tax Rate
1.04%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stonewall, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78671 | 0.83% | 0.98% | 1.06% | 1.25% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Stonewall, Texas
In Stonewall, 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 Gillespie 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 Stonewall, 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. For instance, the zip code 78671 has both the highest and lowest median tax bill at $2143. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stonewall Assessed Value
$223,185
Average Gillespie County Assessed Value
$385,110
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stonewall, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78671 | $50,690 | $119,890 | $223,185 | $372,262 | $608,420 |
Source: Ownwell
Property Tax Bills Across Stonewall, Texas
In Stonewall, located in Gillespie County, TX, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners in Stonewall face a property tax rate that is influenced by local government budgets, school districts, and other public service needs. For a median home price of $223,185, property tax bills can vary significantly. At the 25th percentile, homeowners can expect to pay around $1,091, while those at the 75th percentile may face a bill of approximately $4,003. The 90th percentile sees even higher bills, reaching up to $5,733. Comparatively, the national median property tax rate is 0.99%, making it imperative for Stonewall residents to be aware of how local rates stack up. These property taxes fund essential services such as public education, emergency services, and infrastructure maintenance, directly impacting the quality of life for homeowners. Understanding these factors is crucial for financial planning and long-term investment in the area.
Average Stonewall Tax Bill
$2,143
Average Gillespie County Tax Bill
$3,700
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Stonewall, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78671 | $458 | $1,091 | $2,143 | $4,003 | $5,733 |
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 | |
|---|---|
| Gillespie Appraisal District | |
| Website | propaccess.trueautomation.com |