Big Spring, Glasscock County, Texas Property Taxes

Name: Property Tax Bills Across Big Spring, Glasscock County, Texas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median BIG SPRING, TX effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median BIG SPRING, TX home value: $52,440
Median annual BIG SPRING, TX tax bill: $492, $1,908 lower than the national median property tax bill of $2,400.

How are property taxes in Glasscock calculated?

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

Last Updated March 1, 2025

Big Spring, Glasscock County, Texas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.9%

Estimate Property Tax Bill

$472

$438

Ownwell’s BIG SPRING Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in BIG SPRING with just two data points. By entering your property's estimated assessed value, our calculator applies BIG SPRING’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 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 Glasscock County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Big Spring, Glasscock County, Texas

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare BIG SPRING’s effective property tax rate to other cities in TX and the median property tax rates in TX and the U.S. In BIG SPRING, situated in Glasscock County, the median property tax rate is 0.90%. This is below the national median property tax rate of 1.02%, making it an attractive option for property owners. The consistency of the tax rate across the 79720 ZIP code indicates a stable tax environment, offering predictability for homeowners. When compared to the national median property tax bill of $2400, property owners in BIG SPRING may find themselves paying less, contributing to the area’s appeal. This lower tax burden can enhance affordability and potentially increase the attractiveness of investing in property within the region.

Property Tax Rates Across Big Spring, Glasscock County, Texas

Source: Ownwell

0.90%

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 Big Spring Tax Rate

0.90%

Median Effective Glasscock County Tax Rate

0.90%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Big Spring, Glasscock County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
79720	0.17%	0.81%	0.90%	0.90%	0.90%

Source: Ownwell

Property Tax Assessment Values Across Big Spring, Glasscock County, Texas

When examining property taxes in Big Spring, 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 Glasscock 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 Glasscock 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 Big Spring.

For example, the median home price in Big Spring is $52,440, with tax bills ranging significantly across the county. 79720 has the highest median home price at $52,440.

Property Tax Assessment Values Across Big Spring, Glasscock County, Texas

Source: Ownwell

$52,440

$133,357

$214,274

Median Big Spring Market Value

$52,440

Median Glasscock County Market Value

$65,276

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Big Spring, Glasscock County, Texas

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
79720	$19,234	$34,623	$52,440	$73,344	$121,080

Source: Ownwell

Property Tax Bills Across Big Spring, Glasscock County, Texas

In Big Spring, located in Glasscock County, TX, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county appraisal district, which considers factors such as the property's market value and any improvements made. With a median home price of $52,440, local homeowners face varying tax bills. The 25th percentile tax bill is approximately $259, while the 75th percentile reaches around $612, and the 90th percentile can be as high as $1,095. These figures are notably lower than the national median property tax bill of $2,400, offering some relief to residents. However, even with lower tax bills, homeowners can benefit from appealing their property assessments. Ownwell provides expertise in property tax appeals and exemption services, helping homeowners potentially reduce their tax burden. By analyzing assessment data and identifying discrepancies, Ownwell assists in securing fair property valuations, ultimately saving homeowners money on their annual tax bills.

Property Tax Bills Across Big Spring, Glasscock County, Texas

Source: Ownwell

$492

$1,033

$1,573

Median Big Spring Tax Bill

$492

Median Glasscock County Tax Bill

$576

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Big Spring, Glasscock County, Texas

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
79720	$47	$259	$492	$612	$1,095

Source: Ownwell